UAC Global Plc, a chemical trader and clean power operator, is steering away from its chemical business by selling a 70% share, worth 101.2 million baht, in its UAC Advance Polymer and Chemical Co to an Italian company expanding into Asean.
The share sale, which started in October last year, follows UAC’s diversification strategy into energy-related businesses to avoid the high expense of product development in the adhesive category, said Chatchapol Prasopchok, president and chief executive of UAC.
