Hoechst and Wacker plan joint venture in PVC

Journal Article · Wed Dec 02 04:00:00 EST 1992 · Chemical Week; (United States)

OSTI ID:6696345

Young, I

Restructuring of Europe's petrochemical industry has taken a further step with the announcement that Hoechst (Frankfurt) and Wacker Chemie (Munich) are planning a joint venture in polyvinyl chloride (PVC). The venture would include production, R D, sales and marketing, plus both companies' PVC recycling activities. However, their vinyl chloride monomer (VCM) plants, and Hoechst's Kalle PVC film business, have been left out. Erich Schnitzler, head of Hoechst's PVC business unit, does not anticipate problems with the European Community's competition directorate. We are both among the middle-sized European PVC producers, and together we would have a 9%-10% market share. Our joint venture would not limit competition. Both partners are hoping for approval from Brussels in first-quarter 1993. Hoechst has 255,000 m.t./year of PVC capacity at Gendorfand Knapsack, while Wacker has 365,000 m.t./year at Burghausen and Cologne. All the units, except Wacker's Cologne plant, are back integrated to VCM. The joint venture would buy VCM from the two parent companies and on the merchant market.

• OSTI ID: 6696345
• Journal Information: Chemical Week; (United States), Journal Name: Chemical Week; (United States) Vol. 151:22; ISSN CHWKA9; ISSN 0009-272X
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
BUSINESS
CAPACITY
CHLORINATED ALIPHATIC HYDROCARBONS
COOPERATION
EUROPEAN COMMUNITIES
HALOGENATED ALIPHATIC HYDROCARBONS
INDUSTRIAL PLANTS
INDUSTRY
INTERNATIONAL ORGANIZATIONS
JOINT VENTURES
MANUFACTURERS
MARKETING
ORGANIC CHLORINE COMPOUNDS
ORGANIC COMPOUNDS
ORGANIC HALOGEN COMPOUNDS
ORGANIC POLYMERS
POLYMERS
POLYVINYLS
PRODUCTION
PVC
RECYCLING
SALES