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Pequiven Eyes Massive Chemical Expansion

12:12 PM MST | November 7, 2007 | Natasha Alperowicz in Düsseldorf

Pequiven (Caracas) says it has developed a five-year growth plan designed to make it one of the world’s 10-largest chemical producers by 2013. The government-owned chemical maker will invest $20 billion, part of which will go toward construction of six chemical complexes, said Francisco Toro, director at Pequiven, at the 2007 K plastics exhibition, held last week at Düsseldorf, Germany. Sales will rise to $20 billion in 2013, from $1.74 billion last year, Toro says. Toro was soliciting interest from potential joint venture partners to join Pequiven in...

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