Solvay to sell Latin American PVC business Indupa

Solvay has confirmed CW reports that it plans to exit its Latin American polyvinyl chloride (PVC) business Indupa. The company reported Indupa as “assets held for sale” in its fourth-quarter results and Jean-Pierre Clamadieu, Solvay’s CEO, confirmed to analysts and journalists that the company is looking at options for Indupa. Sources say that Mexichem may be interested in acquiring the assets. Solvay holds a 69.9% stake in Indupa with the rest traded on the Buenos Aires Stock Exchange. Indupa operates plants at Santo André, Brazil; and...

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