Trust Chemical Industries (TCI) has signed an agreement with Solvin to purchase the 180,000 tpa PVC and 160000 tpa VCM facilities for relocation from Ludwigshafen, Germany to Port Said, Egypt. Solvin had shut down these plants in December 2005. TCI started operations a little over a year ago at a caustic soda plant based on membrane technology with a capacity of 200,000 tpa, and is now putting up EDC,VCM and PVC manufacturing plants at the same location.
Chemplast Sanmar is to acquire the entire chemicals business of TCI from Mr. Ismail, who presently owns 100% of the company. This acquisition is a strategic move for Chemplast for assured and cost-effective raw material supplies to its Indian operations.
12-Mar-07 
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