Thyssenkrupp to Build Chemical Complex for Hungary's MOL Group
September 12 2018 - 5:44AM
Dow Jones News
By Nathan Allen
Thyssenkrupp AG (TKA.XE) said Wednesday that it has received an
order to build an integrated chemical complex from Hungarian
oil-and-gas producer MOL Nyrt. (MOL.BU).
MOL is investing around 1.2 billion euros ($1.39 billion) in the
project, which should begin operations in 2021, according to
Thyssenkrupp. The chemical complex will be built in Tiszaujvaros in
northern Hungary, the company said.
The plant will make MOL the only integrated producer of
polyether polyols--a family of plastics used in the automotive and
construction industries--in Eastern and Central Europe,
Thyssenkrupp said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
September 12, 2018 05:29 ET (09:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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