The PVC Integrated Plant Project has received a priority status in Nizhny Novgorod Region.
RusVinyl LLC will be granted with tax benefits of RUR 2.8 billion for the implementation of the PVC Integrated Plant Project in Nizhny Novgorod Region. On June 4, the Investment Council at the Office of Governor of Nizhny Novgorod Region assigned the Project with a priority status.
The European Union approves “RusVinyl” LLC
In May, the European Union approved the setting up of the PVC production enterprise named RusVinyl LLC. The new company is a joint project of SolVin (affiliated company of Solvay SA and BASF AG) and SIBUR, a Russian petroleum-refining holding company (as reported by SIBUR’s press service).