Solvay sells Italian polyolefin cross-linkable compounds biz to Finproject

Finproject is a manufacturer of injection moulded foam, and polyolefin-based & PVC compounds

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BS B2B Bureau Brussels, Belgium

Last Updated : Apr 07 2017 | 5:05 PM IST

Belgian specialty chemical company Solvay last week signed a definitive agreement to sell its polyolefin cross-linkable compounds business in Italy to family-owned group Finproject SpA.

“Following Solvay's transformation, polyolefin cross-linkable compounds no longer fit within the portfolio of high-performance specialty polymers. Solvay has consistently grown the value of this business and its divestment contributes to the upgrade of Solvay's specialties portfolio,” said Augusto Di Donfrancesco, president of Solvay's specialty polymers global business unit, in a press release on March 30, 2017.

Based in Roccabianca, Parma (Italy), the business’ compounds are used in applications in the wire and cable, as well as pipe industries, generating sales of € 82 million in 2016.

Finproject is a manufacturer of injection moulded foam, polyolefin-based compounds and PVC compounds.