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| 2009-02-11 |
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Equipolymers Announces Divestiture of Equipolymers Srl
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The shareholders of Equipolymers (www.equipolymers.com), The Dow Chemical Company and Petrochemical Industries Company of Kuwait, have announced the decision to divest its Italian entity, Equipolymers Srl, due to disappointing financial results. This divestment includes the Ottana, Italy, manufacturing location with a PET facility with production capacity of 160.000 MT/year and a PTA facility with production capacity of 190.000 MT/year as well as the Equipolymers Srl as an ongoing business. Advert “This decision was taken after careful consideration of all options and will affect approximately 130 employees of Equipolymers Srl,” said Graham Fox, President and CEO of Equipolymers. “Equipolymers shareholders have formed a task force to explore all divestiture options.”
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Equipolymers Global GmbH, Horgen/Zürich, Switzerland
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