Sinochem International to acquire ELIX Polymers for EUR 144 million

Sinochem International, through a Singaporean unit, will acquire a 75.9% stake in Spain's ELIX Polymers for EUR 144 million from Global Arlington, gaining its ABS and modified plastics technology, with plans to set up plants in eastern China.

“Sinochem International, part of one of China's four big state oil companies, will acquire ELIX Polymers for EUR144 million (USD166.8 million) with the aim of introducing to China the Spanish engineering plastics maker's patented technology for acrylonitrile butadiene styrene polymer.”www2.yicaiglobal.com

• 2 sources
• www2.yicaiglobal.comSinochem International to Buy Spain's ELIX Polymers for Plastics TechTang ShihuaOct 16, 2018
• plasticsandrubberasia.cnElix Polymers sold to Sinochem for EUR195 mn; Nordson acquires Clada Medical Devices | PRA-Plastics and Rubber Asia China Industry NewsPRANov 26, 2018

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