Georgia Gulf Corporation (GGC), a leading North American manufacturer and international marketer of commodity chemicals as well as polymers, is considering buying a stake in any US-based ethylene plant to meet its raw material requirements.
On a conference call to discuss GCC’s earnings in third quarter, Mr. Paul Carrico, CEO of the Atlanta-based company, said GGC has already had discussions about securing a 50 percent stake in an ethylene plant.
Mr. Carrico said GGC is willing to invest in an ethylene plant even if it is owned by a group of companies, as the firm’s priority is to ensure adequate raw material supply.
Source:
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=117957
