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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. |
