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INOVYN - 4Q15 RESULTS
​No financial statements have been provided yet for Inovyn. This analysis is based on preliminary results. Inovyn (formerly Kerling) is a leading PVC producer. It was established in July 2015 through a 50-50 joint venture that combines the clorvinyls activities of Ineos (Kerling, the bond issuer) and Solvay (European clorvinyls assets brought to the JV). Demand for PVC remains weak as a consequence of a subdued European construction market.
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