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Trespaphan's PP business changes hands again
The wheeling and dealing that goes on in the international plastic films business almost overshadows the complexities of the actual manufacturing processes. The latest example involves Celanese AG in Kronberg, Germany, which was recently given the legal go-ahead to sell its Trespaphan biaxially-oriented polypropylene (BOPP) business. The buyer was a strong consortium led by Dor Film International, which paid around [euro]200 million.
Celanese was formed in 1999 as a result of a demerger from Hoechst, the German chemicals giant. It absorbed the Hoechst-Trespaphan business, ...
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