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Article: Borsodchem to sell PVC operation, idle MDI unit.(europe newslines)
- Article from:
- Urethanes Technology International
- Article date:
- April 1, 2009
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Kazincbarcika, Hungary -- Hungarian isocyanates and PVC (polyvinyl chloride) producer BorsodChem Zrt has put its PVC business up for sale and has had initial talks with potential interested parties, a spokesman for the company confirmed 19 April.
BorsodChem does not consider PVC to be a strategic business long term and aims to divest the PVC value chain, but will keep its caustic soda and chlorine operations, which are needed for isocyanate manufacture.
The company expects the isocyanates market to grow at above GDP levels in the long term, while the PVC market is fragmented and suffers from oversupply, chief executive officer Wolfgang Buchele told ...