MOSCOW (MRC) -- Vestolit, 100% subsidiary of Mexichem, announced that is moving forward to expand its position as a leading producer of specialty Paste PVC, said the company in its press release.
Vestolit will build a new production line of 40,000 metric tons of Paste (Emulsion) PVC annually. The line will combine the established leading polymerization technology with a newly developed, energy efficient, drying technology. Furthermore, European's largest fully back integrated PVC site in Marl will also become the largest single site for Emulsion PVC as well.
As MRC informed earlier, Mexichem, Mexican PVC and specialty chemicals maker, announced that it completed the acquisition of Vestolit GmbH on 1 December 2014.
"We are pleased to support the continued growth and development of Vestolit, as part of our global strategy to expand our asset base and increase our focus on specialty products,” said Carlos Manrique, President Mexichem Chlor-Vinyl. “This new production line reinforces Vestolit’s reputation as a provider of efficient technological solutions to an expanding customer base."
"By utilizing our cutting edge technology, we will strengthen our market position in ultra-low viscous PVC and better serve our customers’ needs. At the same time, we will be building on our technology platform, which can effectively be replicated at other Mexichem sites around the world," added Dr. Michael Trager, CEO of Vestolit.
Vestolit is Europe’s only manufacturer of High Impact Suspension PVC (HIS-PVC) for weather-resistant windows and is Europe’s second-largest producer of paste PVC for floors and wallpapers, among others. Vestolit also produces Chlor-alkali and its derivates used for a variety of chemical and industrial applications and is vertically integrated in a single site from salt through Specialty PVC.MRC