www.pcimag.com/articles/85763-ici-to-sell-polyurethanes-paints-businesses-in-india
ICI to Sell Polyurethanes, Paints Businesses in India
December 22, 2000
ICI India announced that it will sell its polyurethanes and motors and industrial paints businesses in India for approximately $21.5 million.
LONDON — ICI India Ltd. announced that it will sell its polyurethanes and motors and industrial paints businesses in India for approximately $21.5 million, in a move reflecting ICI’s ongoing strategy to focus on its decorative-paint and specialty chemicals businesses.
LONDON — ICI India Ltd. announced that it will sell its polyurethanes and motors and industrial paints businesses in India for approximately $21.5 million, in a move reflecting ICI’s ongoing strategy to focus on its decorative-paint and specialty chemicals businesses.
The polyurethanes business will be sold to a subsidiary of Huntsman Corp. Huntsman earlier acquired the polyurethanes operations of ICI plc, the parent of ICI India. The motors and industrial paints business will be sold to a 50-50 joint venture to be formed by ICI India and Berger Paints India Ltd.
