Within the timeframe announced earlier, Solvay (Brussels / Belgium; www.solvay.com) on 27 December said it had completed the sale of its 70.59% stake in PVC and caustic soda producer Solvay Indupa (São Paulo / Brazil) to Unipar Carbocloro (São Paulo; www.uniparcarbocloro.com.br). Financial details of the deal, which follows the approval of the Brazilian antitrust authorities, were not disclosed (for previous coverage, see Plasteurope.com of 13.12.2016).

The divestiture of Indupa – which produces both VCM and PVC at plants in Argentina and Brazil – is part of the Belgian company's transformation to becoming a “multi-speciality chemical group." To that end, Solvay also sold its majority stake in its Vinythai (Map Ta Phut / Thailand) PVC joint venture to Japan's Asahi Glass (Tokyo; www.agc.co.jp) before the end of last year (see Plasteurope.com of 19.12.2016).