Celanese Completes Sale of PVOH Business to Sekisui Chemical
Celanese Corp. announced it has completed the sale of its polyvinyl alcohol (PVOH) business to Sekisui Chemical Co., Ltd. for the purchase price of approximately US$173 million, excluding the value of accounts receivable and payable retained by Celanese. Celanese announced its agreement to sell its PVOH business to Sekisui on April 27, 2009.
The sale includes the facilities in Calvert City, Ky., Pasadena, Texas, one unit within the complex at Tarragona, Spain, and resources from the company’s Houston Technology Center. In total, approximately 250 employees located at these operations, supported by personnel in administrative, technical and sales functions, will join Sekisui. In addition, the transaction includes long-term supply agreements between both companies.
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
Antiviral_Chemistry_&_Chemotherapy
Charles_F._Goodeve
Oxea Announces Price Increases for Higher Alkyl Amines

A water-based, rechargeable battery - Inexpensive and stable
How nanoparticles give electrons away
Sumitomo and Kureha Develop A New Fungicide
Arkema: Price increase on organic peroxides
Borouge signs major contracts valued at US$ 2.6 billion to advance its strategic Borouge 3 expansion
Sasol Sells European Wax Business to AWAX Group - The sale takes place as part of a package of measures with which Sasol repositions itself
Thyssenkrupp Uhde awarded contract by ENOWA to supply a green methanol and methanol-to-gasoline plant - CO2-to-methanol and methanol-to-gasoline demonstration plant to supply synthetic fuels for various applications in the light duty transport sector

Shape matters in the case of cobalt nanoparticles
