Allnex

Multinational Companies in China’s Chemical Industry

Chemical MNCs show strong verbal commitment to China, but the real situation is somewhat underwhelming.

Advent Sells Allnex to PTT for €4 Billion

To gain a berth in the sustainable industrial coatings market, Thailand’s PTT Global Chemical (PTTGC), a 45% affiliate of Bangkok-based, state-owned energy major PTT, is paying Advent International €4 billion for the private equity giant’s Germany-based Allnex resins portfolio company. The selling price is more than 12 times last year’s EBITDA.

Azelis Benelux Extends Its Distribution Partnership with Allnex