Condea Vista Sells PVC Business To Georgia Gulf.Georgia Gulf Corp. in Atlanta has signed a definitive agreement to purchase the vinyls business of Condea Vista Co., Houston. Condea Vista is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of RWE-DEA of Germany, whose Condea chemical division is based in Hamburg. After this acquisition, Georgia Gulf will have capacity of about 2.6 billion lb/yr of PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. resin, 3.1 billion lb/yr of vinyl chloride vinyl chloride or chloroethylene Colourless, flammable, toxic gas (H2C=CHCl), belonging to the family of organic compounds of halogens. It is produced in very large quantities and used principally to make PVC, as well as in other syntheses and in monomer (VCM VCM Vinyl Chloride Monomer VCM Variable Cylinder Management (Honda) VCM Virtual Channel Memory VCM Value Chain Management VCM Voice-Coil Motor VCM Vehicle Control Module VCM Vignette Content Management ), and 850 million lb/yr of flexible and rigid vinyl compounds. Georgia Gulf will acquire a VCM plant in Lake Charles, La.; a 50% share of a joint-venture VCM plant also in Lake Charles; two PVC resin plants in Aberdeen, Miss., and Oklahoma City, Okla.; and three vinyl compound plants in Aberdeen, Jeffersontown, Ky., and Mansfield, Mass. |
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