LyondellBasell announced that it has entered into a definitive agreement for the acquisition of SJS Plastiblends (SJS), a polypropylene compounds (PPC) manufacturer. The acquisition agreement was signed on August 7, 2015, and the transaction is expected to close in late 2015. Until the transaction is complete, SJS will conduct business as usual and continue to provide the same level of support, service and high quality products to its customers.
Globally, India represents the fourth largest growth market for automobiles, with three million new vehicles produced each year. According to IHS Inc., India’s automotive market is expected to continue growing by 6-8 % annually through 2021. LyondellBasell has supplied the Indian market through imports and tolling arrangements since 2009.
- LyondellBasell, Rotterdam, The Netherlands
- SJS Plastiblends Pvt. Ltd. (SJS), Aurangabad, Maharashtra, India