07/05/2010

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Solvay and Arkema to untie vinyls production JVs in France and Spain

Vinilis, based in Martorell, Spain, and operated by SolVin has a capacity of 270 kt/y of PVC. After untying of the joint ventures, SolVin will become the sole shareholder of Vinilis and Arkema the sole shareholder of VinylFos and VinylBerre in France. These operations have no social impact, according to the company.
SolVin is a joint venture of Solvay (75 %) and BASF (25 %). It is a leader on the vinyls (PVC) market in Europe and on the PVDC market worldwide.
Arkema consists of three businesses: Vinyl Products, Industrial Chemicals, and Performance Products. The company reported sales of EUR 4.4 billion in 2009. It has 13,800 employees in over 40 countries and seven research centres located in France, the USA and Japan.

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