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BorsodChem sells its 38% stake to China's Wanhua

July 01/2010

PRAGUE (Reuters) -- China's Wanhua Industrial Group has agreed to buy 38% stake in Hungarian PVC maker BorsodChem for 140 million euros ($171.3 million).

 

BorsodChem will use the funding to complete the construction of its new TDI 2 (Toulene di-isocyanate) plant and the new Nitric Acid plant as well as for general corporate purposes.

 

mrcplast.com

BorsodChem sells its 38% stake to China's Wanhua

MRC Reference

BorsodChem. The share in the Russian market in 2008:
 PVC - 2.5%;
 PVC-S - 2.6%.

 

Annual growth of sales in Russia over the 5 years:
 PVC - 201%.

 

Supply by processing technologies:
 profile extrusion;
 compounding.


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