LyondellBasell today announced it has acquired 100 percent of PolyPacific Polymers Sdn. Bhd. (PPM) in Port Klang, Malaysia. PPM is a 25kt manufacturing facility producing reinforced and modified polyolefin compounds.|
Upon completion of the acquisition, the facility will undergo a rebranding and name change, and its employees will become LyondellBasell employees. PPM will continue to produce and supply the ongoing business products to its customers.
In conjunction with the acquisition, LyondellBasell will exit the PolyPacific, a 50:50 joint venture, which will become 100 percent owned by Mirlex Pty Ltd.
More information: www.lyondellbasell.com
LyondellBasell, Houston + Hong Kong