S-PVCSoft-Permanent Virtual Circuit (Sprint)
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Since the beginning of the current Iranian calendar year on 21st March 2015, Arvand Company has been able to produce 340 thousand tons of chlorine, caustic, EDC, VCM, S-PVC and E-PVC.
S-PVC is a type of resin, used for instance to produce pipes or window frames.
In the market for commodity S-PVC in North West Europe, the transaction, as originally notified, would have removed INEOS' strongest competitor, Solvay.
The regulator said in its statement today it was concerned that the deal in its original form would have allowed the new venture to raise prices for S-PVC in Northern Europe and for sodium hypochlorite (bleach) in the Benelux, as it combined the two biggest suppliers in these markets.
In response to these worries, the two companies proposed to dispose of INEOS' S-PVC plants in Wilhelmshaven, Mazingarbe and Beek Geleen, as well as the upstream chlorine and ethylenedichloride (EDC) production assets in Tessenderlo and Runcorn and enter into a JV agreement with the buyer for the production of chlorine at Runcorn.
The venture would rank among the global top three in chlorovinyls, which include PVC (the European Economic Area market for S-PVC is worth nearly 3.2 billion).
S-PVC is a type of resin widely used for the manufacture of pipes, moulded fittings, window and door frames.
The Commission s initial investigation has shown that the proposed transaction would combine the two leading suppliers of S-PVC in the EEA and in North-West Europe and of bleach in the Benelux.
Therefore, in order to obtain reliable measurements of relevant rheological properties of S-PVC, it is important to consider the effects of the thermomechanical history of the sample.
In spite of this, it has shown to work well in an earlier study of off-line capillary measurements on s-PVC (23).