NEWS
CHEMTICS
05
2013
-
03
Ging chlor-alkali business acquisitions and changed its name into the third largest chlor-alkali business
The Georgia Gulf company (ging alkali) 28, announced that it had completed $2.1 billion takeover of PPG commodity chemicals business, and will be the name of the company was renamed Axiall, effective immediately. Axiall company since January 29th (Tuesday) in the New York stock exchange trading code for AXLL. "The industry's two leading enterprise merger will become a integration of chemicals, and building products company, especially on the cost advantage of natural gas in the United States, under the circumstances of recovery in the housing market of the United States will create better earnings, Axiall President and chief executive officer Paul Carrico said.
After acquisition of PPG commodity chemicals business, will raise Axiall sales revenue to $5 billion, the company annual sales of $2011 and $3.2 billion. It will become the third largest chlor-alkali producers, the second largest vinyl chloride monomer (VCM) producers, and the fourth largest PVC manufacturers. PPG commodity chemicals business including alkali, chlorinated solvents, vinyl chloride, ethylene dichloride, hydrochloric acid, calcium hypochlorite, and phosgene derivatives. 2012 PPG commodity chemicals business sales were $1.7 billion, 372 million profit beauty are unlikely to rebound is expected in the near future will give priority to with minor adjustment.
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