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La Seda: Artenius UK sold to Lotte Group

The PET manufacturing assets of the Artenius UK subsidiary of La Seda de Barcelona (Barcelona / Spain; www.laseda.es) have been bought out of administration by Lotte Chemical UK ( LCUK, London), a subsidiary of KP Chemical Corporation (Ulsan / Korea; www.kpchem.co.kr). The purchase price has not been disclosed and the sale is subject to competition clearance by the European Commission.

All the operational assets of Artenius UK at its Wilton plant, including its purified terephthalic acid (PTA) manufacturing facilities, will transfer to the new owner. The asset transfer will also include the 41 employees currently working at the site.

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