INOVYN has today announced an ambitious growth plan that will see investment in an additional 120ktes of Specialty Vinyls capacity by the end of 2020.
This latest investment will deliver increased capacity at all five Specialty Vinyls production units operated by INOVYN: Jemeppe (Belgium); Tavaux (France); Rheinberg (Germany); Porsgrunn (Norway) and Stenungsund (Sweden).
INOVYN’s growth plan will be facilitated from its world-class state-of-the-art Research, Technology & Engineering Centre at Jemeppe, allowing INOVYN to respond to increasing world demand for high-end Specialty Vinyls.
With well invested and dedicated production facilities across Europe, INOVYN is one of the leading manufacturers of Specialty Vinyls worldwide.
Comments Filipe Constant, Business Director INOVYN: “INOVYN’s commitment to innovation is well recognised around the world. We already have an enviable track record of introducing new products to market at a faster rate than any of our global competitors.
“This ambitious growth plan will further extend our leadership and drive innovation to create new markets for Specialty Vinyls, and in doing so deliver competitive advantage for our customers across all industry sectors.”
INOVYN was formed on 1 July 2015, creating a PVC producer that ranks among the top three worldwide. With an annual turnover in excess of €3.5 billion, INOVYN has more than 4,300 employees and manufacturing, sales and marketing operations in ten countries across Europe.
INOVYN’s portfolio consists of an extensive range of class leading products arranged across Organic Chlorine Derivatives, Chlor Alkali, General Purpose Vinyls and Specialty Vinyls. Annual production volumes are in excess of 40 million tonnes.
INOVYN’s Specialty Vinyls portfolio is unique, with over 60 different grades and a dedicated Research & Development team producing highly innovative product solutions for customers across a range of industries including building and construction; automotive; electrical and electronics; packaging and consumer goods; and renewable energy.
Among countless applications INOVYN’s Specialty Vinyls influence the latest trends in fashion through cutting edge designs for floors, clothing and furniture; they are used in the latest generation of cars including high-tech dashboards, comfortable interiors and endurance components; and help us to lead longer, healthier lives with applications as diverse as lightweight composites for clean energy to the latest lifesaving medical equipment in hospitals.
INOVYN is also at the forefront of sustainability with its VINYLOOP® initiative, a partnership with Serge Ferrari, which offers recycled vinyls solutions.