Ashland, Sud-Chemie Rethink JV

Ashland and Sud-Chemie are considering “alternative structures” for a planned $1.1-billion metal casting joint venture announced in June. “The parties have stepped back to say they want to do something a little different,” a spokesperson says. The precise nature of the final agreement, expected to be completed in first-half 2009, is currently under discussion, the spokesperson says. Ashland has also sold its 33.5% stake in FiberVisions to its partner in the jv, Snow Phipps (New York) (p...

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