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.
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 divestment will provide the purchaser with a fully integrated self-standing S-PVC business.
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.
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.
At Schkopau, Germany, installation of EVC's own modern technology significantly improved the production efficiency of the existing 85 ktpa S-PVC line.
Most of this reduction was in the Polymers business where, as a result of the Asian economic crisis and the slowing of markets in Europe, S-PVC prices decreased by 12% year on year and VCM sales volumes halved.
The assets will be modernized and upgraded using EVC's own PVC technology and a new S-PVC production line will be added.
440,000 tonnes of S-PVC, 75,000 tonnes of E-PVC and 170,000 tonnes of PVC compounds, per annum.