IHS Chemical Week

Regions :: Southeast Asia :: Thailand

Chemical Finance Digest, Oct. 10-14

3:13 PM MDT | October 17, 2011 | Vincent Valk

Topping the headlines last week, DuPont has put Teijin Films, its polyester-film joint venture, and a power-based coatings unit, up for sale, according to a report in Bloomberg. The report says the businesses are likely to fetch less than $1 billion each.   In other M&A news, Thailand-based PTT Chemical has agreed to acquire a 50% stake in Cargill’s NatureWorks subsidiary, a PLA maker, for $150 million. NatureWorks is also planning a PLA plant in Thailand. Meanwhile, DuPont’s bid for Pannar, Africa’s largest seed firm, was rejected by...

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