Mexichem purchases US firm
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Chemical Corporation Mexichem announced that it is buying Sylvin Technologies, a firm dedicated to produce PVC composites, based in Denver, US, with a US$39 million value. In a statement addressed to the Mexican Stock Market (BMV), the firm underscored that Sylvin is contributing with annual sales valued at roughly US$29 million. On the other hand, Mexichem will consolidate Sylvin in the vinyl business group, under the composite business unit; this group is a leading PVC composites solutions provider serving the global market, recording US$2,200 million in sales over the last 12 months, as of September 30th, 2017.