Tri Polyta ends consortium

Tri Polyta ends consortium

NEW YORK (Dow Jones): Tri Polyta Indonesia (TPI) provided notice of its withdrawal from Nisshoku Tripolyta Acrylindo, a joint venture formed in 1996 with Nippon Shokubai Co. and Tomen Corp.

The venture manufactures acrylic acid and acrylic ester.

In a press release Friday, Tri Polyta said the venture partners expressed interest in buying Tri Polyta's 45 percent interest in the venture.

The timing of the purchase hasn't been finalized.

Tri Polyta is an Indonesian polypropylene manufacturer.