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Basell Sells Polypropylene Facility To Alloy Polymers

Basell Sells PolypropyleneFacility To Alloy PolymersThe Netherlands-based Basell has completed the sale of its Basell USA Inc. polypropylene compounding facility to Alloy Polymers Inc., Richmond, Va. The plant is located in Gahanna, Ohio.Under the terms of the sale, Alloy will provide toll-compounding services to Basell for a four-year period to ensure a smooth transition and limit disruption to the Basell customer base. Also, a services and license agreement has been established, allowing Alloy to manufacture and sell certain compounded products that are no longer part of Basells core business strategy.July 2002