MOSCOW (MRC) -- German's Vestolit, 100% subsidiary of Mexichem, has lifted force majeure for the supply of caustic soda and polyvinyl chloride (PVC) from its petrochemical site in Marl (Germany), said the producer on its site.
As reported earlier, on May 22, 2015, Vestolit was forced to declare force majeure with respect to PVC and Caustic Soda after the BPRP ethylene cracker in Gelsenkirchen-Scholven (Germany) was damaged and the ethylene feedstock supply was limited substantially.
The repair of the cracker took longer than initially expected, but meanwhile BPRP has returned to a normal supply of ethylene and lifted its force majeure declaration accordingly.
Vestolit simultaneously restarted its production units over the last days and are now in a position to lift force majeure with immediate effect. The company will still need some time to return to a situation of normal product availability, but is confident to achieve this in due course.
As MRC wrote before, Mexichem, Mexican PVC and specialty chemicals maker, completed the acquisition of Vestolit GmbH on 1 December 2014. Mexichem completed the acquisition after receiving all relevant regulatory approvals.
Based in Marl, Germany, Vestolit is Europe's only manufacturer of High Impact Suspension PVC (HIS-PVC) for weather-resistant windows and is Europe's second-largest producer of paste PVC for floors and wallpapers. Vestolit also produces alkyl-chlorides, a value-added intermediary used for a variety of chemical and industrial applications and is vertically integrated in a single site from Salt through Specialty PVC. Total installed PVC capacity is 415,000 tons per year.
MRC