Polimeri’s US plant sold to Taiwanese firm

By Patrick Raleigh ERJ On-line news editor

Milan-Polimeri Europa SpA has sold its 50-kilotonnes-per-annum (ktpa) styrenic block copolymer plant in Baytown, Texas, to Lee Chang Yung Chemical Industry Corp. of Taiwan, for $ 41 million.

The sale, announced 5 Dec, is the first part of plan by parent group ENI SpA to sell off six of Polimeri’s seven elastomer plants, while investing in its remaining facility in Ravenna, Italy.

US subsidiary Polimeri Europa Americas makes styrene-butadiene and styrene-isoprene block copolymers at the Baytown plant….

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