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Vinnolit declares force majeure on SPVC supplies from its Knapsack plant

July 29/2021

MOSCOW (MRC) -- European PVC producer Vinnolit has declared force majeure (FM) on shipments of suspension polyvinyl chloride (SPVC) from its plant in Knapsack, Germany because of technical issues caused by flooding in the region, reported NCT.

The force majeure was declared on 19 July, 2021.

At present, its is unknown when FM at this plant with the capacity of 160,000 mt/year of SPVC will be lifted.

As MRC informed earlier, in October, 2020, Vinnolit decided to close its 50,000 tons/year 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.

According to MRC's ScanPlast report, Russia's overall production of unmixed PVC totalled 515,900 tonnes in the first half of 2021, up by 1% year on year. At the same time, two producers reduced their output.

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


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