21.07.2017 • News • Elaine Burridge • Solvay • PVC

Solvay Quits Brazilian PVC Business

(c) Solvay
(c) Solvay

Solvay has agreed to sell its 50% stake in Brazilian PVC compounder Dacarto Benvic to its joint venture partners for an undisclosed sum.

The partner companies are Dupre Empreendimentos e Participações, Tondela Empreendimentos e Participações and WR3C Empreendimentos e Participações.

The transaction, which remains subject to regulatory approvals, is expected to close at the end of 2017. The sale follows Solvay’s exit from PVC activities in Europe, Asia and Latin America, including the European Benvic PVC compounding business that was sold in 2014 to US investment company OpenGate Capital.

Headquartered in Osasco, Dacarto Benvic has 450 employees across offices and facilities in Sao Paulo and Bahia.

Last December, Solvay completed the sale of its 70.59% stake in Argentine chlorvinyls business Solvay Indupa to Brazilian chemical group Unipar Carbocloro.

Free Virtual Event

Sustainability in Bioprocessing
Bioprocess Forum

Sustainability in Bioprocessing

Join us to explore hot topics in sustainable bioprocessing like the industrial potential of enzymatic synthesis, innovative biocatalysis techniques, and the use of digital twins in bioprocessing.

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

Top-Feature