back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Deutsch
Bookmark Bookmarked
11-13-2014

Brazilian Authority Rejects Braskem's Acquisition of Solvay Indupa

Solvay S.A., Brussels, Belgium, has taken note of the Brazilian competition authority's (CADE) decision to reject the intended acquisition of Solvay's 70.59 percent majority stake in Solvay Indupa, Buenos Aires, Argentina, by Brazilian chemical producer Braskem S.A.. The decision was taken during a public hearing held on Wednesday.

While Solvay is awaiting details of the decision, it confirms that its strategic direction remains unaffected. Solvay will, as soon as possible, examine alternative options to sell Solvay Indupa which is South America's second-largest PVC producer and fourth-largest caustic soda producer.

Based on the experience acquired in its activities in the PVC market over the last 35 years, Braskem disagrees with CADE's decision, which it considers prejudicial to Brazilian manufacturers. With the objective of favorably concluding the transaction, Braskem presented solutions it deemed effective for resolving CADE's concerns and regrets that they were not accepted.

According to Braskem, this decision weakens Brazil's petrochemical industry by affecting its capacity to capture of efficiencies of scale that would enable it to compete more effectively in international markets, particularly given the current scenario of the global PVC industry marked by lower profitability and a clear global trend of consolidation of assets.

Company profile

SOLVAY SA

Rue de Ransbeek 310
BE 1120 BRUSSELS

Newsletter

Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.

Patents