Chevron Phillips Chemical Company (The Woodlands, TX) will divest its Ryton polyphenylene sulfide (PPS) business to Solvay Specialty Polymers USA ((Alpharetta, GA) for $220 million. The announcement comes at a time when incumbent and new players are investing aggressively in new polymerization and compounding capacity meaning despite strong market growth, suppliers are facing ever increasing competition. Tagging Options Domain:  All Sites read more

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Chevron Phillips Chemical to sell its Ryton PPS Business to Solvay as global competition intensifies