(prw) -- Ineos Group has agreed to sell its global films business to Bilcare, the Indian-based group which provides pharmaceutical packaging which enables drug stabilization and protection. The transaction price is approximately ┬100m.
The deal comprises the business, assets and personnel related to Ineos Films operations located in North America, Europe, and Asia. The two companies said the agreement ⌠brings together complimentary capabilities and synergies of two leading global businesses.
MRCMRC Reference
Ineos is a petrochemical group.
In Russia Ineos's interests are represented by Ineos Polyolefins and IneosChlorVinyls.
The share in the Russian market in 2008:
PVC - 4.5%;
polyethylene - 1.9%
(HDPE - 2.8%, LDPE - 1.2%);
polypropylene - 1.4%
(PP-random - 22.1%, PP-impact - 2.0%);
polystyrene - 0.9%.
Imports by polymers processing technologies:
profile extrusion;
pipe extrusion;
film extrusion;
injection molding.