Electrochemical Industries - 1952 - Ltd. - Eil- Reports On an Agreement,in Principle, With Caol, RE: Ethylene Supply.ACRE, Israel--(BUSINESS WIRE)--May 12, 1999-- Electrochemical electrochemical /elec·tro·chem·i·cal/ (-kem´i-k'l) pertaining to interaction or interconversion of chemical and electrical energies. e·lec·tro·chem·i·cal adj. Industries (1952) Ltd. ("EIL EIL Experiment in International Living EIL Environmental Impairment Liability EIL Engineers India Limited EIL Exide Industries Ltd EIL Enterprise Integration Lab (University of Alabama) "), has reached an agreement, in principle, with Carmel Olefines Ltd. ("CAOL"), the sole supplier of ethylene, the major raw material for the production 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. . According to the agreement, CAOL will supply extended quantities to EIL, to exceed the contractual quantity of 42,000 tons per annum, by an additional quantity of 13,000 tons per annum. The agreement is subject to the signature of a detailed contract. Part of the added quantity will be earmarked for the increased production capacity of the company's plants and the balance to the production of EDC EDC See: Export Development Corp. , produced from ethylene and chlorine, which will be acquired from Dead Sea Works LTd. )"DSW DSW - penis war "(, under an agreement which was signed with DSW. The company assumes that implementation of the agreement with CAOL will enable, already in the course of 1999, to increase its production volume on the the one hand and decrease the factor of imported raw materials on the other hand. (*) - Translation from Hebrew |
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