PPG completes acquisition Equa-Chlor $ 27 million
X
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

PPG completes acquisition of Equa-Chlor for $ 27 million

12:35 PM, 18th June 2011
PPG completes acquisition of Equa-Chlor for $ 27 million
Michael H. McGarry, Senior VP, Commodity Chemicals, PPG.

PITTSBURGH, US: PPG Industries has completed the acquisition of certain assets of Equa-Chlor Inc, for a transaction value of approximately $ 27 million.

As of the closing, PPG now operates the Longview manufacturing plant, which produces about 220 tons of chlorine per day. In addition, the railcar fleet formerly owned by Equa-Chlor will be integrated into PPG’s rail delivery system, enabling PPG to optimize overall railcar use while reducing future capital requirements and logistics costs.

“We have begun to integrate the Longview location into PPG’s chlor-alkali and derivatives business,” said Michael H McGarry, Senior VP, Commodity Chemicals, PPG.

“Additionally, we anticipate that current supply disruptions in Asia will have a favourable impact on the overall economics of this transaction,” said McGarry.

(C) WOC News

 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Perstorp expands neopentyl glycol capacity in China

  Perstorp invests in extended capacity for polyalcohol neopentyl glycol by establishing production at the group’s manufacturing site in Z ...

Read more
Shin-Etsu’s Kashima PVC plant starts operations at full capacity

LEUNA, GERMANY: Uhde has been awarded a contract to build a membrane cell process Chlor-alkali plant for Leuna-Harze in Germany. This will be Uhde&rsq ...

Read more
Dow to expand epoxy capacity by 10 per cent

MIDLAND, US: Dow Epoxy, a business unit of The Dow Chemical Company (Dow), has announced plans to expand liquid epoxy resin (LER) capacity at its plan ...

Read more
Valent BioSciences to build fermentation facility in Iowa

LIBERTYVILLE, US: Valent BioSciences Corporation (VBC), a subsidiary of Sumitomo Chemical Company, will construct a new fermentation manufacturing fac ...

Read more
Tessenderlo plans another ammonium thiosulphate (ATS) plant in US

BRUSSELS, BELGIUM: Tessenderlo said its US-based subsidiary Tessenderlo Kerley Inc (TKI) will expand its facility located at Burley, Idaho, with an ad ...

Read more
Huntsman profit beats Street; stock jumps

NEW YORK, US: Huntsman Corporation posted a better-than-expected quarterly profit as it raised prices to offset increased raw material costs, sending ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X