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Jindal Poly buying ExxonMobil BOPP films business

By: Michael Lauzon

NEW DELHI (Updated Oct. 29, 1:15 p.m. ET) — An Indian company has agreed to buy ExxonMobil Chemical Co.’s global biaxially oriented polypropylene films operations, which comprise one of the world’s largest BOPP film manufacturers. A BOPP plant in Belleville, Ontario, is not included in the agreement and will be closed in the first half of 2013.

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