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Solvay launches JV with INEOS, acquires 25% stake from BASF

by ChemOrbis Editorial Team -
  • 02/07/2015 (11:07)
According to media reports, INEOS and Solvay announced the launch of their INOVYN joint venture on July 1 after receiving all necessary approvals from the European Commission (EC) in June. In June 2014, Solvay and INEOS signed a definite agreement for their PVC joint venture, INOVYN, which is headquartered in London, UK. The company will be equally managed by INEOS and Solvay.

On July 1, Solvay also announced that they acquired BASF’s 25% stake in their PVC joint venture SolVin, which had been established in 1999 as a 75-25 joint venture between Solvay and BASF. It was also reported that INOVYN will continue to provide supply of basic chemicals to BASF’s site in Antwerp, Belgium. Financial details regarding the deal were not disclosed.
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