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Markets :: Plastics :: Polyvinyl chloride

PolyOne Sells Stake in Vinyl Compounding JV to Mexichem

4:40 PM MDT | October 15, 2009 | Lindsey Bewley

PolyOne says it has sold its 50% equity interest in Geon Polimeros Andinos (GPA; Cartagena, Colombia), a vinyl compounding joint venture, to Mexichem for $13.5 million. Mexichem, the other 50% partner in the jv, will be the owner of GPA, which is to be renamed under it’s ownership. “GPA's business fits much better with Mexichem’s business structure than with ours,” says Robert M. Rosenau, senior v.p. and general manager at...

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