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Article: Bayer Polymers LLC and Cydsa S.A. de C.V Agree to Terminate Industrias Cydsa Bayer (ICB) Joint Venture.
- Article from:
- PR Newswire
- Article date:
- February 6, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PITTSBURGH -- PITTSBURGH, Feb. 6 /PRNewswire/ -- Bayer Polymers LLC announced that its affiliate, Bayer de Mexico, has signed an agreement with Cydsa S.A. de C.V, a Mexican corporation, to terminate its Industrias Cydsa Bayer (ICB) joint venture.
The ICB joint venture, established in 1977, produces and markets toluene diisocyanate (TDI) for the Mexican market. The joint venture operates a TDI facility with a capacity of approximately 20,000 tons per year at a plant in Coatzacoalcos, Mexico. The facility will be shut down and decommissioned.
In connection with the termination of the joint venture, and to facilitate a smooth transition of TDI supply for ...