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Vinnolit to permanently shut its PVC plant in Schkopau

October 09/2020

MOSCOW (MRC) -- European PVC producer Vinnolit has decided to close its 50,000 tons/year polyvinyl chloride (PVC) plant in Schkopau, Germany due to the lack of profitability and the lack of long-term competitiveness of the location in the current environment, reported NCT with reference to the company's press release.

Vinnolit expects provisions worth around EUR29 million to be incurred in the third quarter in reference to the closure, the press release said.

Customers will continue to be supplied from the larger plants in Burghausen, Gendorf and Cologne, it added.

As MRC informed earlier, in October 2012, PVC manufacturer Vinnolit officially launched the expansion of its E-PVC plant Burghausen in the "Chemical Triangle"  in South-East Bavaria. Thereby, the production capacity of the world"s largest plant for the production of paste PVC increased to 100,000 tons per year. This further strengthened the company's leading market position in specialty PVC.

According to MRC's ScanPlast report, Russia's overall PVC production totalled 718,500 tonnes in January-September 2020, down by 0.3% year on year. At the same time, only two producers managed to increase their PVC output.

Vinnolit company is a key player in the Russian market of emulsion.


mrcplast.com
Author:Margaret Volkova
Tags:PVC, EPVC, SPVC, Vinnolit, Germany, Russia.
Category:General News
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