Solvay to invest $135 mln in Brazil vinyls plant

BRUSSELS Fri Dec 14, 2007 2:47am EST

BRUSSELS Dec 14 (Reuters) - Belgian drugs, chemicals and plastics maker Solvay (SOLB.BR) said on Friday that the board of its affiliate Solvay Indupa had approved a $135 million investment programme for a Brazilian vinyls production plant.

Solvay Indupa is also studying the construction of a power plant at its Bahia Blanca plant in Argentina which would require an investment of $130 million.

In order to finance these investments, Solvay Indupa is considering a capital increase of $130 million, it said.