Company News

South Korean firm makes bid for Styron
South Korean conglomerate Lotte has become the latest bidder, in a list of eight bidders, of Dow Chemical’s Styron styrenics and polycarbonate business that has been up for sale since last year.

A Dow Jones report, quoting an unnamed Lotte spokesperson, said that the company had not made a final decision yet. The report also said that the deal is worth between US$1 to US$2 billion. Lotte is involved in the plastics industry through Honam Petrochemical that produces HDPE, PP and MEG.