The petrochemical industry, which is experiencing a period of cyclical growth in the industry, has recently reported that BASF and Shell Chemicals have sold two 50%-owned polyolefin joint ventures, Basel, through sales or IPOs. It is reported that they will commission two companies in London to conduct an assessment and that the partners will withdraw this business early next year. The planned stripping time depends on when Basel can sell the best price. Basel is the world's leading polypropylene producer and Europe’s leading polyethylene producer. Analysts have assessed that debt is not included and Basel’s revenue is between 3.1 and 3.4 billion euros. Basel’s debt is about 2 billion euros, and other potential net income is 1.1 billion to 1.4 billion euros. The divestment is likely to take the form of sales because it is difficult to sell the whole company in one breath by listing the original shares. At the scale of Basel, it is more difficult to find a chemical company that can afford it. BASF and Shell stated that Basel will not be split in order to ensure sales. An alternative method is to sell Basel to private equity investment company groups. Basel was created in 2000 through the merger of BASF and Shell's polyolefins business. Basel has olefin plants in France and Germany. Last year the company reported a 33% drop in profit before tax depreciation to 338 million euros, and sales revenue fell 4% to 5.7 billion euros. Basel reported a net loss of 69 million euros last year. This year has seen significant improvement. After-tax net profit in the first half of the year was also the highest in Basel.
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Double Layer Roll Forming Machine
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