Gurit says that it has reached an agreement with Qingdao Zhengyu Sunshine Industrial Co Ltd to sell Gurit’s PVC production company in Qingdao, China for an undisclosed sales price.
This reportedly follows the company’s decision to focus core materials manufacturing for the Asia-Pacific region on styrene acrylonitrile (SAN), polyethylene terephthalate (PET) and balsa wood at Gurit’s existing production facility in Tianjin, China.
The transaction comprises Gurit’s Qingdao operations, including its staff, PVC operating assets and product IP.
This story is reprinted from material from Gurit, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
