PolyOne, Cleveland, OH, announced the divestiture of its polyvinyl chloride (PVC) resin and specialty products interest in its equity joint venture, Australian Vinyls.PolyOne, Cleveland, OH, announced the divestiture of its polyvinyl chloride polyvinyl chloride (PVC), thermoplastic that is a polymer of vinyl chloride. Resins of polyvinyl chloride are hard, but with the addition of plasticizers a flexible, elastic plastic can be made. (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 and specialty products interest in its equity joint venture, Australian Vinyls. PolyOne has a 37.4% interest in AVC (1) (Advanced Video Coding) The video compression techniques used in the H.264 standard, jointly developed by ISO and the ITU-T. See H.264. (2) (Audio Visual C . The remaining portion is held by Orica Ltd., which is also divesting its resins and specialty products interest. AVC announced the closing of its Altona, Victoria Altona is a south-western suburb of Melbourne, Victoria, Australia. Its Local Government Area is the City of Hobsons Bay. Altona is a large suburb consisting of low density residential in the south-eastern half, with mixed industry in the north-western half. , Australia PVC resin plant. PolyOne and Orica will retain ownership of AVC's PVC compounding assets, which include three production facilities in Greater Melbourne, Victoria, Australia. This joint venture will operate as Welvic Australia Pty. Ltd. Annual revenues for the compounding business are approximately $20 million. |
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