Swiss Gurit closes divestment of PVC plant in China
by ChemOrbis Editorial Team - content@chemorbis.com
According to a press release, Switzerland-based Gurit has completed the divestment of its PVC production site in Qingdao, China to the Chinese Qingdao Zhengyu Sunshine Industrial for an undisclosed sales price.
The successful closing of the divestment followed an agreement signed in August. The agreement reflected the Swiss company’s decision to focus core materials manufacturing for the Asia-Pacific region on SAN, PET and balsa wood at its existing production facility in Tianjin, China.
The capacity of Gurit’s PVC plant was not revealed.
The successful closing of the divestment followed an agreement signed in August. The agreement reflected the Swiss company’s decision to focus core materials manufacturing for the Asia-Pacific region on SAN, PET and balsa wood at its existing production facility in Tianjin, China.
The capacity of Gurit’s PVC plant was not revealed.
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