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Ramco Pulls out of Vinyls Italia Acquisition

6:57 AM MDT | May 13, 2010 | Peter Mapleston

Ramco Trading & Contracting (Doha) has informed the Ministry of Economic Development (Rome) that it has no further interest in acquiring manufacturing activities from ENI (Rome) and Vinyls Italia (Porto Marghera, Italy). The proposed acquisition encompassed the entire production chain from natural salt to polyvinyl chloride (PVC). It looks increasingly likely that Vinyls Italia, the vinyl chloride monomer and PVC supplier that went into special adminstration one year ago, and which has not produced any material since early last summer, will be wound up. Ramco...

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