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Industry: Email Alert RSS FeedExxonMobil Buys Basell's French Polypropylene Unit.(Brief Article)
Chemical Market Reporter, May, 2001 by BROWN, ROBERT
The deal includes polymerization and compounding facilities in Lillebonne. FOLLOWING WEEKS of negotiations, ExxonMobil Chemical has purchased Basell's polypropylene and compounding unit in Lillebonne, France. The acquisition includes Basell's 250,000-metric-ton-per-year polymerization facility that produces homopolymers and impact copolymers, as well as its 130,000-metric-ton compounding plant that manufactures materials for the automotive and appliance markets.
"In addition to increasing our European presence in the polypropylene business, this acquisition will also strengthen ExxonMobil Chemical as a global player in both durable and nondurable market segments," says Jim Harris, senior vice-president of polymers for ExxonMobil. The acquisition of...
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