IHS Chemical Week

World News and Views :: Top of the News

La Seda Sells EO-EG Subsidiary to U.S. Firm

7:01 AM MDT | June 4, 2010 | Natasha Alperowicz

La Seda de Barcelona says it has agreed to sell its Industrias Quimicas Asociadas (IQA; Tarragona, Spain) ethylene oxide (EO) and ethylene glycol (EG) production subsidiary to American Industrial Acquisition Corp. (AIAC; New York) for €23 million ($28.9 million). The divestment forms part of La Seda's previously announced five-year restructuring plan, which includes 300 layoffs, the sale of five production plants, and an increased focus on polyethylene terephthalate (PET) bottle resin production. La Seda says that seven companies expressed interest in buying...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa