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Regions :: Western Europe :: Italy
Vinyls Italia Could Resume Production in March
5:28 AM MST | January 14, 2011 | Ian Young
Vinyls Italia will likely restart production of polyvinyl chloride (PVC) and vinyl chloride monomer in March if investment fund Gita (Zurich), as expected, completes the acquisition of the company, Italian press reports say. The Italian government approved Gita's initial bid to buy Vinyls Italia last month and Gita is preparing to submit a final offer in mid-February. The deal is expected to close by March 10. Feedstock supplier ENI (Rome) is also participating in the talks. The Economic Development Ministry (Rome), which is handling the sale, selected Gita's bid...
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