SK Chemicals to Sell its PPS Biz to HDC Hyundai EP

SEOUL, Oct. 27 (Korea Bizwire) — South Korean chemical company SK Chemicals Co. said Wednesday it will sell its polyphenylene sulfide (PPS) business to HDC Hyundai Engineering Plastics Co. amid deteriorating profitability. The transaction, valued at 38.5 billion won (US$32.8 million), will involve the sales of the whole PPS division and its production line in [...]