A leading European player in PVC sheet has swooped in to reopen a former VPI LLC plant in Delaware City, Del.
EVC International NV - an Eijsden, the Netherlands, company that claims to be Europe's largest maker of rigid PVC sheet -has acquired the VPI site and plans to start manufacturing there, said Steve Reynolds, business manager for EVC Americas. The facility is EVC's first production site in North America.
Reynolds, based in Cordova, Tenn., declined to give many more details of the purchase. But a report from the Delaware Economic Development Office in Dover, Del., said EVC plans to invest more than $20 million in the plant. The sale closed Oct. 20.
VPI sold the assets of the 180,000-square-foot facility in early 2003 to KlÃ¶ckner Pentaplast of America Inc., another maker of calendered PVC sheet. KlÃ¶ckner, based in Gordonsville, Va., transferred some of the equipment to its Rural Retreat, Va., plant. VPI closed the Delaware plant in mid-2003, laying off about 215 workers.
EVC Films, a unit of EVC International, makes rigid PVC sheet in five locations in Europe. The Delaware plant will employ about 125, local news reports said.
``We're planning a project at the site,'' Reynolds said. ``We have a different business than [VPI] that we plan to replicate in Delaware.''
EVC, which is traded on the Amsterdam, Netherlands, stock exchange, recorded 2003 sales of 1.03 billion euros ($1.17 billion). In 2000, EVC had the capacity to make 322 million pounds of film and sheet annually. Current figures were unavailable.
Delaware gave EVC $1.2 million in incentives to reopen the plant, including $70,000 in matching grants.