Sasol commits to Asia

Article Excerpt

SASOL LTD. (ADR) $25.64 (New York symbol SSL; Extra Risk) (082-883-9697; www.sasol.com; ADRs o/s: 624.7 million; Market cap: $16.0 billion; Dividend yield: 2.7%) has now completed its new alkoxylation plant in Nanjing, Jiangsu Province, China, on time and on budget. Alkoxylation is a process that converts alcohols from oil and gas into water-soluble chemicals used in the production of detergent, personal-care products, textiles and leather goods, metal work, paper inks and synthetic coatings. The new unit has modernized and expanded Sasol’s current alkoxylation capacity, along with its research and technical support in China. The facility also strengthens the company’s position in Asia and helps it meet the growing demand for specialty chemicals. Sasol ADRs are a buy. buy…