21.07.2017 • News

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.

Special Issue

Circular Plastics Economy
Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

Article

The State of the US Specialty Chemicals Industry
Reshaping Specialty Chemicals Manufacturing

The State of the US Specialty Chemicals Industry

SOCMA's Jenn Klein examines how specialty chemical manufacturers — the invisible backbone behind pharmaceuticals, electronics, agriculture, and energy — are navigating supply chain shifts, policy uncertainty, and constant change while remaining resilient, disciplined, and focused on execution.

Top-Feature

most read

Photo
News • Chemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.