SCG Chemicals enters as a strategic investor into Norner

22-Dec-2014 - Norway

SCG Chemicals Co., Ltd. acquired 51% of the shares in the independent petrochemical institute Norner Holding AS from the current Norwegian owners. SCG Chemicals has entered into an agreement with the current owners, the private equity fund E&M and Norner employee shareholders, for this acquisition. The remaining 49% of the shares will be acquired by September 2015.

Tine Rørvik, Suracha Udomsak and Leif Svarstad

Tine Rørvik, CEO Norner AS, Suracha Udomsak, R&D Director SCG Chemicals and Leif Svarstad CEO Maturo Kapital AS

Through this strategic investment in Norner, SCG Chemicals targets to grow and strengthen Norner further as a global independent innovation partner for the plastics value chain. Norner is currently contributing to innovation, consultancy and testing services to a wide variety of clients needing plastics expertise from consumables, packaging, oil & gas and infrastructure to petrochemical raw material production and product enhancement.

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