10 April 1995 00:00 [Source: ICB]
TWO MAJOR polyolefins joint ventures - Polimeri Europa and Montell Polyolefins - started up operations at the beginning of April after official clearances.
Polimeri Europa, the polyolefins joint venture between Union Carbide and Enichem, will be Europe's co-leading producer of polyethylene, with about 1.3m tonne/year of low, linear low and high density polyethylene.
The plants, which have been transferred into the jv by Enichem, are located in Italy, France and Germany. Investments in new plants, using Carbide's Unipol process, are planned for Brindisi - 400 000 tonne/year by mid-1997 - and for Priolo by 1998.
Marcello Colitti, president of Enichem, has been named president of Polimeri Europa; Daniel Scheid, vice president of Union Carbide, is to be managing director; while Mario Magnini, director of Enichem's polyethylene division, will be general manager.
Montell Polyolefins, meanwhile, headed by former Shell International Chemical Co's chemicals coordinator Peter Vogtlander, has polypropylene plants in 14 countries and polyethylene plants in three countries. Turnover for 1995 is projected at over $3bn.
In preparation for the venture, Shell Canada officially completed the sale of its Sarnia-based polypropylene unit to Montell on 31 March. Shell Canada realised an after-tax gain of Can$90m ($64.2m) on the deal. All the 215 Shell Canada staff related to the business have been offered employment by Montell.
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