Solvay finalized sale of polypropelene compounding activity to Lyondellbasell
SEP, which is essentially active in the North American Free Trade Agreement (NAFTA) region, has operations in Mansfield and Grand Prairie, Texas, as well as in Auburn Hills, Michigan. The company is also represented in Europe and in China through sales offices. The annual sales of SEP account for less than 2% of the turnover of the Solvay group.
Solvay is committed to the development and manufacturing of specialty polymers, in a drive to offer the world's broadest range of high performance and ultra-high performance materials. However, the strategic fit of SEP's polypropylene compounding activities had become limited within Solvay's Plastics Sector because, among other reasons, the Group completed the divestiture of its polypropylene resin production in 2001.
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