Arkema plans to lift PVC force majeure, LVM to carry out shutdown

20 May 2011 12:55  [Source: ICIS news]

Arkema facility at LaveraLONDON (ICIS)--Arkema is on schedule to lift its declaration of force majeure on polyvinyl chloride (PVC) supplies from its unit at Lavera, France, while LVM will shut down one PVC line at its unit in Beek, the Netherlands, at the end of June, company sources said on Friday.

Arkema plans to resume production at its oxychlorination and vinyl chloride monomer (VCM) unit in Lavera, France, by the end of May, a company source said.

If there are no problems, the company should be in a position to lift its declaration of force majeure on PVC supplies from Lavera at the end of May or early June, the source added.

LVM, part of the Belgium-based Tessenderlo Group, plans to carry out maintenance at its 225,000 tonne/year unit in Beek, the Netherlands, which has four lines, a company source said.

One of the lines will be shut down for one week at the end of June, which is unlikely to have any significant impact, the source added.

The source said there is no exact date yet for the start of the shutdown, during which time all contractual obligations will be met.

Buyers and sellers said it is quite likely that LVM's maintenance could be carried out “unnoticed”.

For more on PVC visit ICIS chemical intelligence
For more on Arkema visit ICIS company intelligence
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By: Jane Massingham
+44 20 8652 3214

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