Asahi Glass Co., Ltd. to Buy Shares in Phu My Plastics & Chemicals
CHEMMONITOR.COM - Malaysia-based integrated chemicals producer PETRONAS Chemicals is apt to sell its shares in the Vietnam-based polyvinyl chloride (PVC) company Phu My Plastics & Chemicals. The purchaser is a Japanese manufacturing company, Asahi Glass Co., Ltd.
The PETRONAS Chemicals’ interest in Phu My Plastics & Chemicals is assessed at 78%. The Vietnamese company has a PVC production capacity of 100,000 metric tons per annum.