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Transportation Company - Cain Chemical Inc. - Chemicals
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Company NameCain Chemical Inc.
CategoryChemicals
Year Founded1987
Final Year of Operation1988
TerminationAcquired
Successor/ParentOccidental Petroleum (Details)
CountryUnited States (Details)
Source of TextReference for Business
Text Credit URLLink



Company History: Cain Chemical was formed through the acquisitions of seven Texas Gulf Coast chemical facilities during May to July 1987. The facilities included two olefins plants, three high-density polyethylene plants and two ethylene glycol plants.

APRIL 15, 1988 Occidental Petroleum agreed Thursday to buy a chemicals company in a deal worth more than $2 billion, further boosting Oxy’s presence in the chemicals industry.
Successor/Parent History:
Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol) is an American company engaged in hydrocarbon exploration in the United States, the Middle East, and Colombia as well as petrochemical manufacturing in the United States, Canada, and Chile. It is organized in Delaware and headquartered in Houston. The company is ranked 722nd on the Forbes Global 2000 and 220th on the Fortune 500.

In 2018, the company was the 9th largest petroleum producer in Texas.
Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.
Item created by: CNW400 on 2021-05-14 18:40:18

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