Solvay will divest its stake in Rusvinyl

Solvay confirms it is in advanced negotiations to divest its stake in Rusvinyl, an independent 50/50 joint venture in Russia, to its joint venture partner, Sibur. In addition to the recently obtained preliminary clearance from Russian governmental authorities, the potential transaction is still subject to several other regulatory approvals.

Rusvinyl is a Russian-Belgian joint venture operating a PVC integrated plant near Kstovo, the Nizhniy Novgorod region. The shareholders of the joint venture company are Sibur, a first-rate petrochemical holding company in Russia, and Solvay through Solvin Holding Nederland. Rusvinyl PVC plant uses cutting-edge European technologies that assure the necessary range of PVC with low process costs, and will comply with the most rigorous environmental requirements. Its annual capacities are 300 kilotons of PVC-suspension, 30 kilotons of PVC-emulsion and 225 kilotons of caustic soda.