Finnplast Oy, a fully owned subsidiary of International
Petrochemical Group S.A., Luxembourg, and Dynea Chemicals Oy
have today signed the Sale and Purchase Agreement regarding
Dynea Chemicals Oy’s PVC production plant in Porvoo.
The transaction is expected to close by the end of August
2005.
PVC materials have been produced at Porvoo since 1972, first
under Pekema name and thereafter by Neste Chemicals and Dynea
Chemicals. During the last six years the plant has produced
PVC for Shin-Etsu under a toll production agreement. The
annual capacity of Porvoo PVC plant is 100 000 tons of PVC
resin and 15 000 tons of compounds. The plant employs some 90
persons mainly in production and technical service.
International Petrochemical Group S.A. (IPCG) is a trading and
distribution company with head office in Geneva (Switzerland)
and representative offices in Helsinki, Amsterdam, Warsaw,
Istanbul, Dubai and Moscow. IPCG’s turnover in 2004 was 280
million USD and 500 000 Mt of different products. IPCG
represents several product groups of LUKOR / LUKoil-Neftekhim
in Europe, including VCM from the Kalush (Ukraine) plant.
Dynea is a global provider of superior adhesion and surfacing
solutions. In 2004, Dynea had combined revenues of EUR 1.1
billion. With 54 production units in 26 countries in Europe,
the Americas and Asia Pacific, Dynea has some 3,200 employees.
Visit our Internet web sites at
http://www.dynea.com to
learn more about
these
operations.
|
|
|
|
