in this issue
People & Business :: M&A
Chinese Acrylates Producer Satellite to Acquire Propylene Maker Julong Petrochemical
11:12 PM MST | February 8, 2012 | Natasha Alperowicz
Zhejiang Satellite Petrochemical (Jiaxing, China), a major producer of acrylic acid and acrylates, plans to acquire Zhejiang Julong Petrochemical (Pinhu City, China) for Rmb137 million ($21.7 million), according to Satellite Petrochemical’s filing. Zhejiang, which produces acrylic and methacrylic acids; acrylic esters, including butyl and methyl acrylate, 2-ethyl hexyl acrylate; and superabsorbents, will, through this acquisition, back integrate to propylene production. Zhejiang Julong, a subsidiary of Zhejiang Changjiang Energy Development Co., is building...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee