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Regions :: Eastern Europe :: Hungary

BorsodChem to Shut down PVC Processing Business

12:27 PM MDT | August 31, 2011 | Ian Young

BorsodChem (Kazincbarcika, Hungary) says it has decided to close the company's money-losing polyvinyl chloride (PVC) processing business, Ablakprofil, with the loss of 82 jobs. Ablakprofil, which has accumulated losses of about $12 million over the last seven years, does not fit with the rest of BorsodChem's portfolio, the company says. BorsodChem's main products are methylene di-para-phenylene isocyanate and toluene diisocyanate. The company also has a PVC resin business, which is up for sale. BorsodChem generated 2010 sales of about €750...

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