International Chemical Investors Group SE (ICIG) has completed its acquisition of some chlorvinyls assests from Inovyn, the PVC joint venture between Solvay SA and Ineos Group AG.
The chlorvinyls assets will form a new platform within ICIG called the Vynova Group, generating annual sales of more than 850 million euros.
ICIG, based in Luxembourg, is a privately held company specializing in chemical and pharmaceutical operations with 23 manufacturing sites across Europe and the United States.
The acquired assets include:
• Chlorine plants and EDC/VCM plants at Tessenderlo, Belgium, excluding the chlorotoluenes business that will remain with Rolle, Switzerland-based Ineos.
•A PVC plant in Mazingarbe, France.
• A PVC plant at Beek, the Netherlands.
• PVC and VCM plants at Wilhelmshaven, Germany.
• EDC plants at Runcorn, England.
In addition, the membrane chlorine plant at Runcorn is to be placed in a 50/50 joint venture between Inovyn and ICIG.
Vynova's management consists of President Stefan Sommer; executive vice presidents Luc Leunis, Peter Prinz and Johan van Den Broeck; and senior vice presidents Hans Mattheeuws and Gerold Jelschen.