Solvay: Russian PVC compounds joint venture
Solvay is to set up a joint venture PVC compound plant with Vladimir Chemical Plant in Russia, making it the first Western PVC producer to set up shop in Russia. The joint venture, which will be owned 51 per cent by Solvay, will produce around 15,000 tonnes a year of rigid compound for the window frame/wall cladding markets. In a further stage the two companies envisage producing soft PVC compounds for the Russian automotive industry.