Solvay and Ineos to create ?4.3bn PVC joint venture

摘要

Solvay and Ineos have signed a letter of intent to combine their European chlorvinyls activities in a proposed 50-50 joint venture that would form a polyvinyl chloride (PVC) producer ranking among the top three worldwide. The joint venture would be expected to have pro-forma net sales of ?4.3 billion and EBITDA-earnings of around ?257 million, based on 2012 figures. The combined business would have around 5,650 employees in nine countries and would pool each company's assets across the entire chlorvinyls chain. This includes PVC, which is the third most-used plastic in the world, caustic soda and chlorine derivatives.