Arkema and SolVin streamline the industrial structure of their vinyl production joint ventures in France and Spain
For a number of years, Arkema and SolVin have been partners in the vinyl production chain – vinyl chloride monomer (VCM) and polyvinyl chloride (PVC) – within three industrial entities operating in France and Spain, namely Vinylfos, Vinylberre and Vinilis, in which Arkema has a 79%, 65% and 35% shareholding respectively.
In order to streamline these three manufacturing structures, Arkema and SolVin have decided to terminate these reciprocal interests. Accordingly, effective July 1st 2010, Arkema will be the sole shareholder of Vinylfos and Vinylberre. Following this deal, both partners will regain their respective independence on the production sites in which they held a majority stake.
«This streamlining of manufacturing structures will help us enhance our response and serve our customers in Europe more efficiently», states Otto Takken, Arkema Executive Vice President, Vinyl Products.
This agreement will have no impact either on the workforce concerned or on Arkema’s results.
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.