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Ineos and Solvay confirm plans for vinyls JV; Solvay to exit business in the future

8:18 AM MDT | May 7, 2013 | Natasha Alperowicz

Ineos and Solvay have confirmed CW’s exclusive report that they are in the process of forming a leading vinyls joint venture. The companies announced today that they have signed a letter of intent (LOI) to combine their European chlor-vinyls activities in a 50-50 jv. The combination would form a polyvinyl chloride (PVC) producer ranking among the top three worldwide.   The jv would have pro forma net sales of €4.3 billion ($5.62 billion) and a recurring Ebitda of €257 million, based on 2012 figures. The combined business would have 5,650...

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