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SunVic Chemical Holdings Limited

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SG1U49933948

Sunvic Chemical : Completion And Transfer Of 55% Stake In The Joint Venture Company To Arkema Asie SAS

October 21, 2014 at 05:42 am EDT

SunVic Chemical Holdings Limited - News

News

Completion And Transfer Of 55% Stake In The Joint Venture Company To Arkema Asie SAS

Announcement Title	General Announcement
Announcement Subtitle	COMPLETION AND TRANSFER OF 55% STAKE IN THE JOINT VENTURE COMPANY TO ARKEMA ASIE SAS
Securities	SUNVIC CHEMICAL HOLDINGS LTD (SUNVIC)
Date & Time of Broadcast	Oct 21, 2014 17:06
Submitted By	Sun Xiao Executive Director and CEO
Description	Please refer to the attachment.

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SunVic Chemical Holdings Limited is an investment holding company. The Company manufactures intermediate chemical products, such as Acrylic Acid (AA), Arylate Esters (AE), as well as N-phosphonomethyl lminodiacetic Acid (PMIDA) and glyphosate, which are fundamental chemicals used in production of industrial, consumer and agricultural products, such as coatings, adhesives, diapers, textiles, detergents, water treatment materials and herbicide. Its segments include manufacture and sale of AA and AE; manufacture and sale of PMIDA and glyphosate, and manufacture and sale of refined methyl tert-butyl ether (MTBE) and petroleum products. It produces approximately 685,000 ton of AA and over 430,000 ton of AE capacity per annum in both Yancheng City and Taixing City. It is also a producer of PMIDA and glyphosate in the People's Republic of China with an annual production capacity of approximately 40,000 tons and over 20,000 tons. It operates in Asia, Europe, South America and North America.

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Commodity Chemicals

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