Issue Date: November 10, 2008
Evonik And Lucite Act On Acrylics
Evonik Industries will nearly triple extrusion capacity at an acrylic sheet plant in Podolsk, Russia, owned by a joint venture between Evonik and local Russian investors. A second extrusion line much larger than the current line is scheduled to open next year. Meanwhile, private equity company Charterhouse Development Capital is readying the sale of England-based acrylics maker Lucite International to Japan’s Mitsubishi Rayon for roughly $1.6 billion, according to British press reports. Lucite won’t confirm or deny the reports but points out that Charterhouse has been exploring an initial public offering or sale of Lucite.
- Chemical & Engineering News
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