The Belgian chemicals giant SOLVAY and German group LPW - LANGBEIN-PFANHAUSER WERKE (annual turnover of some 600 million euro with 3,000 employees) have signed a letter of intent on the mutual purchase of certain plastics processing activities. According to the plan being envisaged, SLOVAY would buy COVA PRODUCTS (36 million euro turnover in 2000, with 240 employees), subsidiary of LPW in the United Kingdom which manufactures and sells industrial foils, whereas LPW would buy SOLVAY'S...