- Email: [email protected]
Merger to yield major speciality chemicals company
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INDUSTRY
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PVC industry commits to a sustamnable future European PVC producers and various industrial partners have unveiled a voluntary commitment to maintain responsible product and waste management over the next 10 years. The commitment sets out an approach from each part of the supply chain to cover the whole product lifecycle. It also guarantees accountability and openness, with progress evaluated and reported by an independent third party. The initiative has been established by the European Council of Vinyl Manufacturers (ECVM), the European Council for Plasticizers and Intermediates (ECPI), the European Stabilizers Producers Associations (ESPA) and European Plastics Converters (EuPC). The programme has four objectives: • Continuous environmental improvement and
resource efficiency during manufacture • Sustainable use of additives within PVC applications • Responsible management of PVC products at the end of their useful life • Managing delivery of these projects and provision of appropriate resources Measurable targets will be achieved through specific projects funded by the four industry associations and overseen by a management committee with representatives from each association. Total project funding is estimated to reach Euro 250 million over the next 10 years. "With the signature of this Commitment, the PVC industry is uniting voluntarily to meet the challenge of sustainable development," explains Jean-Pierre Pleska, chairman of the management committee. "Through our
integrated approach we will continue to deliver responsible product management throughout the complete lifecycle and enhance our ability to meet society and stakeholder needs." The associations says that the Voluntary Commitment objectives will be reviewed in 2003 and 2008 to ensure they remain appropriate in the light of technical progress and stakeholder suggestions. The Voluntary Commitment of the PVC Industry follows Charters signed by the European PVC resin manufacturers in 1995 for suspension PVC (S-PVC) and 1999 for production by the emulsion process (E-PVC). Contact: ECVM Tel: +32 2 676 7443 Fax: +32 2 676 7447 Email: [email protected]
Plastics Additives & Compounding July~August2000
4
Merger to yield major
speciality chemicals
company German companies Veba and Viag, which intend to merge, plan to create a leading speciality chemicals company by putting together their chemicals operations Degussa-Hiils and SKW Trostberg. The new company will be called Degussa and will accelerate restructuring programmes to focus on the high growth speciality chemicals sector. The company will have speciality sales of around Euro 9 billion and is looking to double this by 2004 by rapid integration and strategic acquisitions. Organic growth is estimated at around Euro 2-3 billion, but non-core chemicals businesses with sales of around Euro 5 billion will be sold to fund acquisitions, particularly in Asia and America. Contact: Degussa-Hiils Tel: +49 692183363
INDUSTRY
~lew:
PVC industry commits to a sustamnable future European PVC producers and various industrial partners have unveiled a voluntary commitment to maintain responsible product and waste management over the next 10 years. The commitment sets out an approach from each part of the supply chain to cover the whole product lifecycle. It also guarantees accountability and openness, with progress evaluated and reported by an independent third party. The initiative has been established by the European Council of Vinyl Manufacturers (ECVM), the European Council for Plasticizers and Intermediates (ECPI), the European Stabilizers Producers Associations (ESPA) and European Plastics Converters (EuPC). The programme has four objectives: • Continuous environmental improvement and
resource efficiency during manufacture • Sustainable use of additives within PVC applications • Responsible management of PVC products at the end of their useful life • Managing delivery of these projects and provision of appropriate resources Measurable targets will be achieved through specific projects funded by the four industry associations and overseen by a management committee with representatives from each association. Total project funding is estimated to reach Euro 250 million over the next 10 years. "With the signature of this Commitment, the PVC industry is uniting voluntarily to meet the challenge of sustainable development," explains Jean-Pierre Pleska, chairman of the management committee. "Through our
integrated approach we will continue to deliver responsible product management throughout the complete lifecycle and enhance our ability to meet society and stakeholder needs." The associations says that the Voluntary Commitment objectives will be reviewed in 2003 and 2008 to ensure they remain appropriate in the light of technical progress and stakeholder suggestions. The Voluntary Commitment of the PVC Industry follows Charters signed by the European PVC resin manufacturers in 1995 for suspension PVC (S-PVC) and 1999 for production by the emulsion process (E-PVC). Contact: ECVM Tel: +32 2 676 7443 Fax: +32 2 676 7447 Email: [email protected]
Plastics Additives & Compounding July~August2000
4
Merger to yield major
speciality chemicals
company German companies Veba and Viag, which intend to merge, plan to create a leading speciality chemicals company by putting together their chemicals operations Degussa-Hiils and SKW Trostberg. The new company will be called Degussa and will accelerate restructuring programmes to focus on the high growth speciality chemicals sector. The company will have speciality sales of around Euro 9 billion and is looking to double this by 2004 by rapid integration and strategic acquisitions. Organic growth is estimated at around Euro 2-3 billion, but non-core chemicals businesses with sales of around Euro 5 billion will be sold to fund acquisitions, particularly in Asia and America. Contact: Degussa-Hiils Tel: +49 692183363