SKC, Kuwait’s PIC form $1-billion JV in South Korea
SKC of South Korea and Petrochemical Industries Company (PIC) of Kuwait have agreed to establish a propylene chemicals joint venture worth $1.2 billion. PIC will hold a 49 percent stake worth $476.2 million in the new company whereas South Korea’s SKC will hold the other 51 percent. SKC confirmed it will spin off its operations … Read more