Written on 15.10.2010 - Industry
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EBRD invests in Russian integrated PVC producer Rusvinyl

The European Bank for Reconstruction and Development (EBRD) has approved an equity investment of EUR 52 million in SolVin Holding Nederland. This investment will support the construction of RusVinyl, the largest integrated PVC plant in Russia. Construction of the PVC plant in Kstovo near Nizhniy Novgorod is already ongoing. SolVin has a 50 % stake in RusVinyl.

The EBRD has also approved an eleven year EUR 150 million loan with a three year grace period to RusVinyl. The Russian authorities are giving great importance to RusVinyl, which is included in the Development Strategy for the chemical and petrochemical industry of Russia of the Ministry of Industry and Trade of the Russian Federation for the period up to 2015. The investment also received the priority status of the Investment Council of the Nizhniy Novgorod region in Russia.

The EBRD is the largest financial investor in its region of operations which stretches from Central Europe and the Western Balkans to Central Asia. The EBRD is owned by 61 countries, the European Union and the European Investment Bank.

RusVinyl is a 50/50 joint venture established by Solvin and Sibur Holding for the construction of an integrated PVC plant with a capacity of 330 kt/y in Kstovo, Nizhniy Novgorod region, Russian Federation.

SolVin is a leader on the Vinyls (PVC) market in Europe and on the PVDC market worldwide. The 50 % stake in RusVinyl is held by SolVin Holding Nederland, which is jointly held by Solvay (75 %) and BASF (25 %).