Inovyn close PVC production site in Germany

Inovyn to close PVC production site in Germany

7:05 AM, 17th September 2015
Inovyn to close PVC production site in Germany
Formation of PVC producer Inovyn Chlorvinyls Ltd, a 50-50 joint venture of chlorvinyls activities of Ineos and Solvay.

LONDON, UK: PVC producer Inovyn Chlorvinyls Ltd, a 50-50 JV of chlorvinyls activities of Ineos and Solvay, said that its PVC production facility at Schkopau site, Germany, will not restart and that it plans for permanent closure of the site.

Production at Schkopau has been suspended since 31 December 2014 following expiry of the VCM supply contract with Dow. Since that time both parties have been in negotiations for a new contract, however these have failed to reach agreement.

Inovyn will continue to ensure continuity of supply for its customers previously supplied from Schkopau by sourcing PVC from other production sites in its extensive supply chain network, it said.

“It is extremely disappointing that we have been unable to agree a competitive long-term supply contract with Dow. With no contract in place the operations at Schkopau are no longer economically viable and we have no option but to plan for closure of the site,” said Jeff Seed, managing director, Schkopau site, Inovyn.

“Whilst unavoidable, the announcement is of course unwelcome news for our employees and those of our partner organisations at the site. We will do everything we can to manage the closure sensitively and in full co-operation with employees and their representatives,” he added.

© Worldofchemicals News



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