Orbia puts on hold plans to divest Vestolit vinyls business

MOSCOW (MRC) -- Orbia Advance Corp., formerly Mexichem (Mexico City) says that in view of the COVID-19 pandemic and its impact on the global economy and capital markets, it has decided to pause its efforts to divest or seek an alternative strategy for its Vestolit vinyls business, reported Chemweek.Orbia says it is "prepared to wait for the right environment to maximize shareholder value

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