06.09.2016
- Hours before he was set to be questioned by the Korean state prosecutor about a corruption affair, Lee In Won, vice chairman of the highly diversified Lotte Group – known for its...
13.06.2016
- Westlake Chemical has won the race to acquire compatriot Axiall Corp for $2.33 billion – or $33 per share. The US petrochemical and plastics group based in Houston, Texas clinched...
25.05.2016
- A proxy fight between US vinyls producer Westlake and rival Axiall, a vinyl building products company, may be averted following Axiall’s stated desire to consider another offer...
07.04.2016
- North American vinyl building products company Axiall has unanimously rejected a second bid from rival Westlake Chemical, this time worth $3.1 billion. Westlake has subsequently...
15.03.2016
- As oil prices continue to drop, South African petrochemicals group Sasol is reviewing the cost and timing of parts of its $8.1 billion shale gas-fed cracker complex originally...
03.02.2016
- North America’s largest producer of vinyl building products Axiall, based at Atlanta, Georgia, USA, has rejected a $1.4 billion bid from rival US vinyls producer Westlake...
21.12.2015
- US chlorvinyls company Axiall and South Korea’s Lotte Chemical have made a final investment decision to construct an ethylene plant in Lake Charles, Louisiana, USA. The facility...
02.11.2015
- In a move to expand the share of chemicals in its corporate portfolio, South Korea’s Lotte Group is spending 2.8 trillion won ($2.45 billion) to buy part of Samsung’s petrochemical...
