Tiszai Vegyi Kombinat RT.
3581 Tiszaujvaros, Pf: 20,
Hungary
Tel: +36 49 322 222,
Fax: +36 49 321 322,
Telex: 22 6419
Tiszai Chemical Group Company Limited by Shares (TVK Rt) is one of Hungary's
largest companies and a medium-sized company on a world scale. Its predecessor
was established in 1953.
The basis of TVK Ltd's petrochemical activity,
which constitutes its main profile, is 290 kt ethylene and 150 kt propylene
produced by the Olefin Plant on the basis of which the following polymer capacities
operate:
| LDPE
|
ICI
|
55kt/year
|
|
|
BASF
|
60 kt/year
|
|
HDPE
|
Phillips
|
190 kt/year
|
|
PP
|
Sumitomo
|
50kt/year
|
|
|
Himont
|
90kt/year
|
Parallel to the availability of feedstocks, a plastics processing activity
was set up based mainly on domestic packaging demand. With a capacity of 60kt/year it is now Hungary's largest plastic processing facility operating on one site. The plastics feedstocks (LDPE, HDPE, PP) and semi-finished
and finished products by-products are sold in more than 40 countries.
In July 1996 the shares of the company were introduced to the Budapest Stock Exchange and the GDRs representing the company's shares to the London Stock Exchange. At the end of December 1996 international and domestic financial investors held 74 per cent of the outstanding shares and only three per cent was owned by the state.
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