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Business

Equipolymers To Divest In Italy

by Patricia L. Short
February 2, 2009 | APPEARED IN VOLUME 87, ISSUE 5

Equipolymers, the joint venture between Dow Chemical and Petrochemical Industries Co. of Kuwait plans to divest its polyethylene terephthalate resins and purified terephthalic acid operations in Ottana, Italy, because of disappointing financial results. The partners have formed a task force to explore divestiture options, says Graham Fox, president and CEO of Equipolymers. The sale will leave the venture with only two PET plants in Schkopau, Germany.

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