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Unipar Carbocloro acquires PVC maker Solvay Indupa

by ChemOrbis Editorial Team -
  • 28/12/2016 (16:30)
According to market sources, Brazilian petrochemicals company Unipar Carbocloro completed the acquisition of a 70.59% stake of Argentinean PVC company, Solvay Indupa for $202 million.

Solvay Indupa has a PVC production capacity of 220,000 tons/year in Bahia Blanca, Argentina and 290,000 tons/year in Santo Andre, Brazil, sources said.

Brazilian petrochemical company Braskem had previously agreed to buy the stake for $290 million in 2013. However, the offer had later been rejected by Argentina’s state regulator.
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