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BorsodChem: Sale of PVC division now confirmed

Chemical group BorsodChem (Kazincbarcika/northeast Hungary) has officially confirmed the expected sale of the PVC division. CEO Wofgang Büchele is quoted as saying the company wants to concentrate on isocyanates.

HSBC bank has been appointed to handle the sale, and talks are under way with potential investors. Chlorine production is expected to remain in the company. BorsodChem is the second largest PVC manufacturer in the region, behind Anwil (Wloclawek/Poland), which is also for sale. (Gazdasági Rádió)