27 December 2016
DETAILS
Solvay has completed
the sale of its 70.59% stake in
Solvay Indupa
to Brazilian chemical group
following the approval earlier this month
of the Brazilian antitrust authority CADE.
Vincent De Cuyper,
member of Solvay’s Executive Committee
“The sale of Solvay Indupa,
producers of PVC and caustic soda
in Brazil and Argentina,
marks another important step
in Solvay's transformation,”
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Caroline Jacobs
Unipar Carbocloro concludes
Solvay Indupa acquisition
The combined company is now
Latin America’s leading producer
of caustic soda and chlorine and
the second-largest producer of PVC
Unipar Carbocloro concluded today
the final phase of the acquisition of Solvay Indupa.
The transaction was announced on May 2nd
and was approved by Brazil's antitrust authority CADE
on December 7th.
With the integration of the plants
acquired from Solvay Indupa, Unipar Carbocloro
is now Latin America’s larger producer caustic soda
and chlorine and
second-largest producer of PVC,
with installed capacity of
* 510,000 tons of PVC,
* 670,000 tons of chlorine and
* 750,000 tons of caustic soda.
The combined company includes
the Unipar Carbocloro plant in Cubatão,
on the coast of São Paulo state, Brazil, and
two plants that will operate
under the name Unipar Indupa –
* one unit in Santo André, in the São Paulo metropolitan area,
* and another in Bahía Blanca, in Argentina.
Unipar Carbocloro has studied the PVC industry
as a natural extension
of its caustic soda and chlorine operations.
The acquisition of Solvay Indupa
will enable the company to enter this market
with the adequate scale
to compete effectively with other players.
Pércio de Souza,
Chairman of the board
“Unipar is raising its scale and entering a new market,
with international operations.
Our challenge will be to prepare the company
to take further steps and pursue new aspirations,”
The integration process will begin immediately.
During this period, the company will assess
both companies’ operations,
seek to capture synergy gains,
adjust processes and pursue adequate results.
Production operations at industrial units
will continue normally. The information technology systems
will be integrated gradually.
Aníbal do Vale,
CEO of the company
“We will proceed very carefully to minimize
any impacts on our stakeholders,”
Media Relations:
Paula Alface Dubois – paula.alface@nectarc.com.br
Telephones: 55 11 5053-5118 and 55 11 94502-0396
Carolina Benevides Santarosa – carolina.benevides@nectarc.com.br
Telephones: 55 11 5053-5129 and 55 11 99250-5120
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