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November 6, 2013
Asahi Glass to acquire interest in Vietnamese PVC producer
Ashai Glass Co., Ltd. (AGC; Tokyo, www.agc.com
) has reached an agreement with Petronas Chemicals Group Berhad (Kuala Lumpur; www.petronaschemicals.com
) under which AGC will acquire a 78% equity stake in Vietnamese polyvinyl chloride (PVC) company, Phu My Plastics & Chemicals Co., Ltd. (PMPC). By acquiring PMPC, AGC’s global PVC production capacity will more than double to 650,000 metric tons per year (m.t./yr) from its current level.