Arkema to acquire balance stake in Vinyl Production JVs in France and Spain

With effect from July 1 2010, Arkema will be the sole shareholder of Vinylfos and Vinylberre. Arkema and SolVin have concluded an agreement for the purchase of their reciprocal minority interests within their joint production entities for VCM (Vinylfos and Vinilis) and PVC (Vinylberre and Vinilis). For several years, Arkema and SolVin have been partners in the vinyl production chain - vinyl chloride monomer (VCM) and polyvinyl chloride (PVC) - within three industrial entities operating in France and Spain, namely Vinylfos, Vinylberre and Vinilis, in which Arkema has a 79%, 65% and 35% shareholding respectively. In a bid to streamline these three manufacturing structures, Arkema and SolVin have decided to terminate these reciprocal interests. Following this deal, both partners will regain their respective independence on the production sites in which they held a majority stake.
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