SOURCE: Industrial Info Resources

May 06, 2008 05:30 ET

OxyVinyls Begins Major Modernization of Polyvinyl Chloride Plant in Texas, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 6, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Even as concerns of the economy slowing enter a growing number of minds and a slowdown in the domestic housing market is apparent, investments in polyvinyl chloride (PVC) capacity appear to remain somewhat steady. OxyVinyls LP, a joint venture of Occidental Chemical Corporation and PolyOne Corporation (NYSE:POL), began construction in the first quarter of this year for an estimated $120 million modernization of its PVC plant in Pasadena, Texas, that is expected to increase the cost efficiency and production of the 1.9 billion-pound-per-year plant. Technip Incorporated is providing engineering and procurement support for the project while OxyVinyls' sister company Oxychem Engineering & Construction Group is providing construction management for the project.

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