Regions :: Western Europe :: Belgium
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...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee