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
06-11-2015

Inovyn Receives Final Approval from the European Commission

On June 9, 2015 Solvay S.A., Brussels, Belgium, and Ineos Group AG, Rolle, Switzerland, received final approval from the European Commission to form their 50/50 chlorvinyls Joint Venture, to be known as Inovyn.

This follows Commission approval of International Chemical Investors Group's (ICIG) acquisition of the remedy business that is being divested by Ineos as a condition of clearance. Solvay and Ineos will now make final preparations to close their agreement and to form Inovyn on 1 July 2015.

"We are delighted to have achieved this very important milestone and to be able to move forward with Inovyn. The Joint Venture will bring together the strengths of the respective chlorvinyls activities of Ineos and Solvay to create a world scale business that will be better able to serve its customers and rapidly respond to changing European markets," comments Chris Tane, CEO Ineos ChlorVinyls and future CEO of Inovyn.

To be headquartered in London, Inovyn will have pro-forma sales of more than EUR 3 billion, with assets across 18 sites in Belgium, France, Germany, Italy, Norway, Spain, Sweden and the UK. Governance of Inovyn will be shared between Ineos and Solvay, with equal representation on the Supervisory Board. Day to day management of the business will be led by an Executive Team consisting of Chris Tane as CEO, Mike Maher as CFO and Julie Taylorson as Procurement Director (all currently Ineos) and Filipe Constant as Business Director, Jean-Michel Mesland as Operations Director and Otto Grolig as General Counsel (all currently from Solvay).

Company profile

INEOS Olefins & Polymers Europe

Avenue des Uttins 3
CH 1180 ROLLE

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