Bangkok – PTT Global Chemical and Sime Darby are restructuring their two 50:50 joint venture companies, Emery Oleochemicals and Emery Specialty Chemicals. This includes selling off the Malaysia-based Asia Pacific parts of the business.
They are to be sold to Edenor Technology for MYR38m ($9m). This is a Malaysian joint venture owned equally by Mega First Technology Corporation and 9M Technologies.
The remaining parts of Emery, located in European and North America, will be owned by Emery Oleochemicals UK, which remains a jv between PTT Global Chemical and Sime Darby.
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