Cargill-Vandemoortele: b n diction europ enne
Article Abstract:
An joint venture agreement between the US firm Cargill, and the Belgian Vandemoortele has been approved by the European Commission. Both companies are active in the oil (for human consumption) refinement sector. The commission believed that the joint venture would not be able to gain a dominant position in Benelux due to the specific requirements of local markets, for this reason it allowed the operation to go ahead. Cargill will purchase Vandemoortele's activities in the sectors of grinding of oil producing seeds, and the refinement of oils in Belgium and Germany. The two companies will co-operate in the creation of a third which will be active in the production of oils in the EU. Cargill will remain present in the upstream oil-seed market, whereas Vandemoortele will continue with its activity in the downstream market of solid fats. The Belgian company is moving away from the grinding sector, as indicated by the closure of its Vano Mills site in France.
Comment:
Joint venture w/ Vandemoortele (Belgium)has been approved by EU to gain a dominant position in Benelux due to specific mkt needs
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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Solvay ferme/
Article Abstract:
Solvay will control 75% of a Brussels-based joint venture entity which will include the Belgian group's European activity in PVC in addition to that of its German colleague, BASF <25%>. The two partners will also bring their PVDC, VCM and VDC activities (at the international scale) while PVC mixes will remain out of the agreement's scope. The future entity, worth a 2,400 staff including 1,720 people from Solvay, will help the Belgian group increase its competitivity and confirm its leadership position in cost terms, world-wide. The operation should increase Solvay's capacity to some 1.8mn tons of PVC a year. The future entity should be set up on 1 January 1999, Solvay said on 2 October 1998. As part of this strategy to improve the competitivity, Solvay announced that same day that it would close down its Italian plant of Ferrare, as of 1 January 1999. The unit's capacity is worth 95,000 tons of PVC a year.
Comment:
To control 25% of a Brussels-based joint venture entity
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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