in this issue
Chemical Week Magazine :: New Construction Projects
Sumitomo buys stake in planned Cepsa phenol unit at Shanghai
7:22 AM MDT | May 9, 2014
Sumitomo says it has agreed to acquire a minority share in Cepsaâ€™s (Madrid) chemical subsidiary at Shanghai, and the resulting company will be a 75-25 joint venture between Cepsa and Sumitomo. The agreement will combine Sumitomoâ€™s Asian market trading capabilities with Cepsaâ€™s petrochemical experience, Sumitomo says. The decision means that Sumitomo is taking a 25% stake in a phenol complex that Cepsa has been building at Shanghai since 2011, Sumitomo adds. â€œWe are convinced that our business activities in China will experience a major boost and that this...
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