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LyondellBasell uninterested in Reliance buy

March 09/2010

March 9 (plasteurope) -- Insolvent polyolefins producer LyondellBasell is making it clear it doesnt want to be acquired by Reliance, Indian reports say. Some analysts see the enhanced Reliance offer of USD 14.5 bn as too low, as the polyolefins economy appears to be improving. Others believe the acquisition would not benefit Reliance, anyway.


For 2009, LyondellBasell reported an operating profit of USD 317m, thanks largely to restructuring, but the bottom line was a negative USD 2.9m. The 39% sales slip against 2008 to USD 31 bn is blamed on lower selling prices and lower volumes.

LyondellBasell: Uninterested in Reliance buy?

      MRC Reference

LyondellBasell.  The share in the Russian market in 2008:
 PE  - 1.4% (including HDPE - 2.5%, LDPE 0.3%);
 PP 4.1% (including block-copolymers - 9.5%).

Annual sales growth in Russia, during the recent 5 years:
 PE - 27%;
 PP 88%.

The leader in the following polymers processing technologies:

 pipe extrusion;

 film extrusion;

 injection molding.

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