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Sunoco Inc. hosted an open-house celebration at its newly acquired Technology & Commercial Center in the Pittsburgh Technology Center. Chairman and CEO John G. Drosdick welcomed business and community leaders and elected officials from the Pittsburgh region to the state-of-the-art chemical research center.
Philadelphia-based Sunoco purchased Aristech Chemical Corp. in January 2001 from Mitsubishi Corp., enhancing the company's commitment to its strategic focus in the chemicals business. The acquisition included the research center and five chemical plants, including one at Neville Island, Pa. that employs 107 people.
Sunoco, which operates a branded network of more than 4,100 stores, has expanded its chemicals business in recent years. Sunoco is the leading gasoline brand in the Pittsburgh region with over 150 stations and convenience stores. The company now employs almost 1,000 people in the region and over 6,000 across Pennsylvania.
"The successful integration of Aristech into our organization has enabled us to be more competitive in the chemicals industry. This is an important step in Sunoco's growth in this industry and in our home state," said Drosdick. "Through this acquisition, our chemicals business has doubled and, more importantly, we have further solidified the strength of the technology-based chemicals industry in Pittsburgh's changing economy.
"We are extremely pleased with the enthusiasm and talent of the new employees who have become an integral part of the Sunoco team."