It’s a cold shower for Vencorex. Despite the numerous visits made in recent days by potential buyers, only one offer has been submitted. According to our information, this is the Hungarian chemical group Borsodchem, a subsidiary of the Chinese group Wanhua. An offer that must now be studied in detail.
The Vencorex company has been bankrupt since September, for a period of six months. 450 jobs are at stake. The Vencorex factory in Saint-Claix, near Grenoble, is a key subcontractor for the chemical industry. It produces isocyanates, substances used as paint or varnish hardeners.
Arkema is still on the prowl
It also produces salts to supply certain large French chemical groups such as Arkema or Engie and even space companies, greatly affected by the Covid crisis, the rise in energy prices, raw materials, Chinese competition, etc.
Vencorex’s current shareholder, Thailand’s PTT Glibal Chemical, has decided to end the charges. It will cover current expenses until the end of the year.
According to our information, the chemical company Arkema has not submitted any offer, but is still interested in taking over the salts activity. Furthermore, by coincidence of the calendar, his boss, Thierry Le Hénaff, will meet on Wednesday with Marc Ferracci, Minister of Industry.
Source: BFM TV
