SKC and PIC to form $1.2B propylene chemicals JV

SKC Co. will spin off its PO and PG operations and form a joint venture with Kuwait's Petrochemical Industries Company (PIC) worth $1.2 billion. SKC will own 51% and sell the rest to PIC, with the JV also taking a 45% stake in SKC Evonik Peroxide Korea.

“SKC, chemical unit under Korea's third largest conglomerate, disclosed Wednesday that its board approved a plan to spin off propylene oxide (PO) and propylene glycol (PG) operations and establish a JV with PIC.”pulse.mk.co.kr

• 1 source
• pulse.mk.co.krAugust 8 - 3 - 매일경제 영문뉴스 펄스(Pulse)Aug 8, 2019

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