IHS Chemical Week

Markets :: Basic Chemicals :: Petrochemicals :: Vinyl chloride

Italian Vinyls Firm to Enter Liquidation

8:43 AM MDT | May 29, 2009

Polyvinyl chloride (PVC) and vinyl chloride monomer company Vinyls Italia says it has decided to place itself in voluntary liquidation. Vinyls Italia is the former Ineos Vinyls Italia, which was acquired from Ineos last March by Safi (Cornuda, Italy), owned by Italian businessman Fiorenzo Sartor. Vinyls Italia says that the business conditions necessary for the company to carry out its industrial plan, and which prevailed at the time of the purchase, no longer exist. Vinyls Italia’s difficulties stem from a dispute with ENI (Rome) over the price that...

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