PETROCHEMICALS: Sumitomo Chemical acquires Emas Group to expand polypropylene compound business

摘要

Japanese chemicals firm,Sumitomo Chemical,has bought Turkey-based company Emas Plastik and its affiliates for an undisclosed amount.The deal will help Sumitomo increase its global polypropylene(PP)compound business,as well as meet the growing demand for products manufactured from recycled materials in Europe.The acquisition is also expected to improve Sumitomo's production and marketing to Turkish automobile and white goods appliance manufacturers.