Mexico's Mexichem says Pemex joint venture will begin in May
MEXICO CITY, March 21
MEXICO CITY, March 21 (Reuters) - Mexican plastic pipe and chemical maker Mexichem said on Thursday that its joint venture with state oil monopoly Pemex will begin in May.
In January, the board of Pemex approved the venture between the oil giant and Mexichem to produce vinyl chloride monomer, a chemical used to make plastic pipes, resins and paints.
Mexichem will announce in a couple of weeks an acquisition in the U.S. plastics sector, the firm's president Juan Pablo del Valle said at an event held by U.S. news company Bloomberg in Mexico City also on Thursday.
- Obama condemns killing of reporter, U.S. hits militants in Iraq |
- Gaza war rages on, Hamas says Israel tried to kill its military chief |
- Four beheaded corpses found in Egypt's Sinai: security sources
- Father of Texas 'affluenza' teen arrested for impersonating police officer
- U.S. attorney general visits Missouri town for meetings on fatal shooting