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Cepsa Merges Petrochemical Businesses

4:28 PM MDT | June 23, 2008 | Ian Young

Refining company Cepsa (Madrid) has approved plans to merge its three petrochemical manufacturing subsidiaries—Ertisa, Interquisa, and Petresa—to create a single entity, Cepsa Química. The new company will also assume responsibility for marketing petchem products made at Cepsa’s refining complexes, which was previously handled by another subsidiary, Petrocepsa. Cepsa Química will have a workforce of about 1,500. The restructuring “will enhance the competitiveness and strengthen and drive the capabilities of Cepsa’s...

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