Trust Chemical Industries purchases PVC and VCM facilities
Trust Chemical Industries (TCI) signed an agreement with Solvin to purchase the 180 KT/Year PVC and 160 KT/year VCM facilities for relocation from Ludwigshafen, Germany to Port Said, Egypt. TCI has a caustic soda plant based on membrane technology with a capacity of 200,000 tonnes per annum, which started operations a little over a year ago and are now putting up EDC,VCM and PVC manufacturing plants at the same location. The sales and Purchase agreement was facilitated by Industrial Asset Management, a US company in the business of trading in used process plants. IAM was hired by Solvin to locate a buyer for these plants which were shut down in December 2005.
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