Ineos Chlorvinyls Announces Sale of its E-PVC Business to Vinnolit
INEOS ChlorVinyls has today announced it is to sell its Emulsion PVC (E-PVC) business to Vinnolit GmbH & Co. KG. The value of the deal is not disclosed.
The sale consists of the commercial goodwill of the INEOS ChlorVinyls E-PVC business along with its E-PVC production facilities at Hillhouse (UK) and Schkopau (Germany). The deal will also include Vinnolit entering into an offtake agreement for the entire E-PVC output at Porto Torres (Italy).
The E-PVC business has an annual turnover of approximately EUR150 million.
INEOS ChlorVinyls retains its European VCM and Suspension PVC (S-PVC) businesses at Runcorn and Barry in the UK; Wilhelmshaven and Schkopau in Germany; and Porto Marghera, Porto Torres and Ravenna in Italy.
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