SOLVAY
Sale of Vinythai jv stake completed / Enterprise value of EUR 435m
Belgian chemical producer Solvay (Brussels / Belgium; www.solvay.com) has completed the sale of its 58.77% stake in Vinythai (Map Ta Phut / Thailand), a joint venture with PTT (Bangkok / Thailand; www.pttplc.com), to Asahi Glass (AGC, Tokyo / Japan; www.agc.co.jp) – see Plasteurope.com of 19.12.2016. The deal values the company at EUR 435m.
According to Plasteurope.com's Polyglobe database (www.polyglobe.net) Vinythai can produce 280,000 t/y of PVC as well as 400,000 t/y of VCM at its plant in Map Ta Phut.
According to Plasteurope.com's Polyglobe database (www.polyglobe.net) Vinythai can produce 280,000 t/y of PVC as well as 400,000 t/y of VCM at its plant in Map Ta Phut.
28.02.2017 Plasteurope.com [236329-0]
Published on 28.02.2017
German version of this article...