# SKC to merge biodegradable material subsidiaries SK Leaveo and SK Tbmgeostone

SKC Ltd. plans to merge its subsidiaries SK Leaveo and SK Tbmgeostone with a merger ratio of 1:0.0005179, scheduled to complete on 8 October 2024. SK Leaveo is building a 70,000 tpa PBAT plant in Hai Phong, Vietnam, expected to start mass production in Q3 2025.

- Type: Acquisition
- Announced: 2024-08-23
- Where: Hai Phong, Vietnam, Vietnam
- Status: announced
- Capacity: 70,000 tpa PBAT
- Products: polybutylene adipate terephthalate (PBAT)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SKC Co.](https://endata.com/companies/22921.md)
- [SK Leaveo](https://endata.com/companies/79352.md) (target)
- [SK Tbmgeostone](https://endata.com/companies/79353.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/chemical-industry/newsView/ked202408230001), 2024-08-23: "SK Leaveo recently began constructing the plant for biodegradable material polybutylene adipate terephthalate (PBAT) in Hai Phong, Vietnam, with an annual production capacity of 70,000 tons."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.