EVC International NV to build German plant
LONDON — Europe's top PVC producer, EVC International NV, has taken a major step to capitalize on market opportunities in central and Eastern Europe.
Through subsidiary European Vinyls Corp. (Deutschland) GmbH, the firm has a preliminary agreement to build a PVC plant at Schkopau, Germany, by early 2000.
EVC will buy the PVC business of Buna Sow Leuna Olefinverbund GmbH of Schkopau, which is 80 percent owned by Dow Chemical Co. The acquisition includes a 187 million-pound-a-year suspension PVC line and an 88 million-pound-a-year emulsion PVC line.
EVC of Amsterdam, the Netherlands, plans to raise suspension PVC capacity to 617 million pounds per year and the emulsion PVC capacity to 110 million pounds per year. The expansion will match a Dow project that will nearly double the site's vinyl chloride monomer output to 727 million pounds per year by 2000.
In October, EVC bought the packaging film production assets of another German producer, Orbitaplast GmbH of Weissandt-Golzau. That sale included one plant with three rigid PVC film lines with a potential capacity of 17.6 million pounds per year.
Ettore dell'Isola, EVC chief executive officer, announced the deals and 1997 financial results at a London meeting.
EVC expects a final agreement on its Schkopau plans by the end of March. The German government still holds a 20 percent share in BSL.
EU opts for testing safety of PVC in toys
BRUSSELS, BELGIUM — Toy producers in Europe welcome a European Union decision to investigate the use of soft PVC in toys.
The EU rejected environmentalists' demands for a ban on PVC use in toys, in favor of a plan to seek standardized tests for such toys. Different EU countries have produced conflicting test results on PVC's safety in teething rings.
``We welcome the fact that the commission has decided to investigate the available scientific evidence before coming to conclusions,'' said Graham Benison, chairman of Brussels-based Toy Industries of Europe.
Superfos purchases French packaging firm
VEDBÃK, DENMARK — In a move designed to extend its rigid plastic container range, Denmark's Superfos Packaging A/S has acquired the French plastics packaging firm Somagic Industrie SA.
Already, Superfos of Vedbaek is a leading supplier of rigid packaging for the food, chemical and pharmaceutical sectors in Europe. The Danish packaging firm is part of Superfos Group and has 15 plants in 11 countries and 1996 sales of 1.4 billion Danish kroner ($200 million).
Somagic, based near Lyon, France, mainly injection molds containers from 1-32 liters. Its sales are chiefly domestic, but it also serves customers in Spain and Germany, Superfos said.
French venture company Abcia sold Somagic, which employs 110 and has annual sales of $27 million, for an undisclosed sum.