INOVYN has today announced its intention to increase production of general purpose PVC at its Jemeppe Site, Belgium.
The new investment, which will deliver a further 200ktes of capacity at the Site, is to meet growth in demand across the building and construction, electronics, packaging, food protection, water and energy sectors. The first phase of the expansion programme is to be operational in 2020.
This is in addition to an ongoing investment to increase specialty PVC production at Jemeppe, which forms part of INOVYN’s previously announced pan-European growth strategy.
These major investments will be complemented by an associated step increase in VCM capacity at the Site.
Comments Chris Tane, CEO INOVYN: “As one of the most competitive manufacturing units in Europe, these investments will reinforce Jemeppe as a world-class facility.
“The investment strategy for our PVC businesses, in which Jemeppe will play a vital role, will help to accelerate INOVYN’s global growth whilst reinforcing our leading market positions in Europe. Our focus is to drive innovation to create new markets for PVC, and in doing so deliver global competitive advantage for our customers across all industry sectors.”
The announcement was made during a visit to Jemeppe Site by Minister-President of Wallonia Willy Borsus.
Commented Minister-President Borsus: “INOVYN’s ambitious plans are very welcome news and a further demonstration of the Company’s long-term commitment to innovation. I was very impressed to see the Company’s state-of-the-art RT&E Centre at the Site, which underpins the Company’s European growth programme.”
Concludes Chris: “By the end of the decade, INOVYN will have invested in the region of €1 billion across its European assets through a range of safety, sustainability and innovation-led projects including its complete transition from mercury to membrane cellroom production.”
INOVYN was formed on 1 July 2015. 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.