Divestment of Italian chlorine production site by Solvay to Caffaro
Tuesday, August 2, 2016
Chlorine production site at Torviscosa to be developed further by new owners.
This week, member company Solvay continued its exit of Western European chlor-alkali by divesting its chlorine and peroxide derivatives site at Torviscosa to Caffaro Industrie SpA. This follows on from previous activities during the Inovyn (vinyls) joint venture with Ineos (which was completed recently).
Caffaro, a fine chemicals producer will invest in the site, which mostly contains units for chlorine and chlorine derivative production, in order to bring it into line with their existing chemicals portfolio.