PPG bulk chemicals division for sale
China Drying Network News American chemical manufacturer PPG Industries (PPG) announced on July 19 that it has agreed to sell its bulk chemicals division to Georgia Gulf Corp (GGC) for approximately US$2.1 billion. The deal is expected to be completed later this year or early next year. Pursuant to the terms of the transaction, PPG shareholders will receive $1 billion worth of Georgia Gulf shares, while PPG will receive $900 million in cash. Including Georgia Gulf's PPG debt, the deal was worth about $2.1 billion. In addition, as part of this transaction, PPG will split or split it into a separate business before it is sold. PPG shareholders will receive a 50.5% stake in the new company. As an important form of Centrifugal Pump, double suction pump is widely used in engineering because of its high lift and large flow. The impeller of this pump type is actually a combination of two back-to-back impellers, and the water flow from the impellers merges into a volute. The double-suction pump has the following characteristics: it is equivalent to two single-suction impellers of the same diameter working at the same time, and the flow rate can be doubled under the same outer diameter of the impeller; the pump casing is horizontally opened, which is convenient for inspection and maintenance. The inlet and outlet of the suction pump are in the same direction and perpendicular to the pump shaft, which is conducive to the arrangement and installation of the pump and the inlet and outlet pipes; the impeller structure of the double suction pump is symmetrical, there is no axial force, and the operation is relatively stable. Double Suction Pump,Double Suction Centrifugal Pump,Double Suction Water Pump,Carbamide Pump Jiangsu Qiantu Trading Co., Ltd. , https://www.jsqiantupump.com