By Matt Defosse
Published: June 25th, 2010
The two plastics and chemicals suppliers have decided to end the production ventures concerning three plants they had jointly owned. EHT result will be that Solvay takes control of one site and Arkema now can call two of them its own.
Solvay owns 75% of SolVin, its polyvinyl chloride (PVC) joint venture with BASF. SolVin and Arkema have decided to each buy back the minority cross-holdings in the PVC production joint ventures they operate.
The companies in question are VinylFos, in which SolVin has a stake of 21%, VinylBerre (35%) and Vinilis (65%). Effective July 1, 2010, Vinilis (Martorell, Spain) and its yearly capacity of 270,000 tonnes of PVC welcomes under direct control of SolVin.
The other two companies, both in France, go to Arkema. Terms of the agreement were not revealed.