By Nathan Allen

Thyssenkrupp AG (TKA.XE) said Wednesday that it has received an order to build an integrated chemical complex from Hungarian oil-and-gas producer MOL Nyrt. (MOL.BU).

MOL is investing around 1.2 billion euros ($1.39 billion) in the project, which should begin operations in 2021, according to Thyssenkrupp. The chemical complex will be built in Tiszaujvaros in northern Hungary, the company said.

The plant will make MOL the only integrated producer of polyether polyols--a family of plastics used in the automotive and construction industries--in Eastern and Central Europe, Thyssenkrupp said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

September 12, 2018 05:29 ET (09:29 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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