Arkema and Solvin report VCM/PVC share purchases

Diversified chemicals manufacturer Arkema and PVC supplier Solvin have announced the conclusion of an agreement for the purchase of their reciprocal minority interests within their joint-production entities for VCM (Vinylfos and Vinilis) and PVC (Vinylberre and Vinilis).

Accordingly, effective 1 July 2010, Arkema will be the sole shareholder of Vinylfos and Vinylberre.

Following this deal, both partners will regain their respective independence on the production sites in which they held a majority stake.