Tuesday, July 29, 2008

Pending approvals eagerly awaited by year end or SAPL will abandon 70:30 JV with ECHEM

Mumbai-based South Asian Petrochemical Ltd (SAPL) has expressed an intention to abandon the proposed 70:30 JV for the PET resins with Egyptian Petrochemicals Holding Company (ECHEM) and Engineering foor the Petroleum and Process Industries (ENPPI), if the pending approvals are not received by the end of 2008.

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