KUALA LUMPUR, May 4 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb+” (Good), and the Vietnam National Scale Rating of aaa.VN (Exceptional) of Vietnam National Reinsurance Corporation (VINARE).
The outlook of these credit ratings (ratings) is stable, reflecting VINARE’s very strong balance sheet strength, strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
VINARE’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which was at the strongest level at year-end 2025 and is expected to remain at this level over the medium term.
Offsetting factors include moderate investment risk driven by equity holdings, as well as reliance on retrocession for large commercial risks, although associated credit risks are partly mitigated by the sound quality of counterparties, according to AM Best in a statement.
The global credit rating agency assesses VINARE’s operating performance as strong, supported by its five-year average return-on-equity ratio of 10.8 per cent (fiscal years 2021 to 2025).
The company has generated robust underwriting profits, supported by favourable underwriting performance of its commercial businesses, although partially offset by a higher expense ratio. Investment income remains the key contributor to its overall earnings, with a net investment income ratio of 22.6 per cent in fiscal year 2025.
Prospectively, AM Best expects VINARE to maintain strong operating performance, supported by its core commercial business and stable investment income.
As Vietnam’s national reinsurer, VINARE benefits from long-standing relationships with local cedants and derives the majority of its premium from the domestic market. The company maintains a well-diversified underwriting portfolio across business lines, although it remains exposed to elevated product risk due to its sizable commercial and industrial risk exposure.
VINARE’s ERM is assessed as appropriate, supported by its risk management framework and technical expertise, including support from its second-largest shareholder, Swiss Reinsurance Company Ltd.
-- BERNAMA
Monday, 4 May 2026
ION EXCHANGE, MANN+HUMMEL PARTNER ON ADVANCED MEMBRANE SOLUTIONS
KUALA LUMPUR, May 4 (Bernama) -- Ion Exchange (India) Ltd, a global total water and environment management solutions provider, has entered into a strategic collaboration with MANN+HUMMEL to manufacture advanced membrane solutions and expand technology capabilities in India.
The companies will work together to produce advanced polyvinylidene fluoride (PVDF) ultrafiltration (UF) membranes with integrated UltraSKID systems and will also bring Membrane Bioreactor (MBR) technology to India.
The partnership combines MANN+HUMMEL Water & Membrane Solutions’ global expertise in membrane technology with Ion Exchange’s manufacturing capabilities, engineering strength and established global presence in water and wastewater treatment.
Ion Exchange Senior Vice President (SVP), Sridhar Padmanaban said the collaboration marked a significant milestone in advancing the company’s HYDRAMEM membrane solutions.
“It is an important step in our journey to deliver differentiated, high-performance and sustainable solutions to customers across global markets,” he said in a statement.
Meanwhile, MANN+HUMMEL Water & Membrane Solutions SVP and General Manager, Rohit Sathe said the partnership brings together complementary strengths to enhance the availability of high-performance filtration solutions, supporting evolving customer needs across markets.
Under the agreement, Ion Exchange will manufacture, integrate systems and commercialise PVDF hollow fibre ultrafiltration membranes with UltraSKID systems based on MANN+HUMMEL’s advanced technology.
Production will take place at Ion Exchange’s expanded state-of-the-art HYDRAMEM membrane manufacturing facility in Goa, India, supporting both domestic and international demand.
The collaboration is expected to improve supply resilience, reduce lead times and deliver advanced membrane solutions more efficiently through localised manufacturing.
-- BERNAMA
The companies will work together to produce advanced polyvinylidene fluoride (PVDF) ultrafiltration (UF) membranes with integrated UltraSKID systems and will also bring Membrane Bioreactor (MBR) technology to India.
The partnership combines MANN+HUMMEL Water & Membrane Solutions’ global expertise in membrane technology with Ion Exchange’s manufacturing capabilities, engineering strength and established global presence in water and wastewater treatment.
Ion Exchange Senior Vice President (SVP), Sridhar Padmanaban said the collaboration marked a significant milestone in advancing the company’s HYDRAMEM membrane solutions.
“It is an important step in our journey to deliver differentiated, high-performance and sustainable solutions to customers across global markets,” he said in a statement.
Meanwhile, MANN+HUMMEL Water & Membrane Solutions SVP and General Manager, Rohit Sathe said the partnership brings together complementary strengths to enhance the availability of high-performance filtration solutions, supporting evolving customer needs across markets.
Under the agreement, Ion Exchange will manufacture, integrate systems and commercialise PVDF hollow fibre ultrafiltration membranes with UltraSKID systems based on MANN+HUMMEL’s advanced technology.
Production will take place at Ion Exchange’s expanded state-of-the-art HYDRAMEM membrane manufacturing facility in Goa, India, supporting both domestic and international demand.
The collaboration is expected to improve supply resilience, reduce lead times and deliver advanced membrane solutions more efficiently through localised manufacturing.
-- BERNAMA
LyondellBasell completes sale of select European strategic assessment assets
Transaction with AEQUITA advances company’s portfolio realignment
ROTTERDAM, Netherlands, May 4 (Bernama-GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced that it has successfully completed the sale of select European olefins and polyolefins assets, and the associated business and corporate functions, to AEQUITA as a key milestone in the company’s European strategic assessment. The transaction follows completion of required employee information and consultation processes and satisfaction of customary regulatory and closing conditions.
The divestiture supports the company’s strategy to grow and upgrade the core by further concentrating on assets and businesses with durable competitive advantages and stronger long-term returns, while enhancing financial flexibility and supporting disciplined capital allocation.
The assets sold in the transaction are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). LYB will continue to operate its Advanced Polymer Solutions (APS) business in Tarragona.
“This transaction represents a pivotal achievement in our transformation,” said Peter Vanacker, chief executive officer of LyondellBasell. “By finalizing this sale, we have refined our portfolio and enhanced our capacity to allocate capital toward high-return opportunities that contribute to long-term value creation.”
Vanacker added, “Europe remains an integral market for LYB; we will continue to invest where value creation is strong, reinforcing our leadership in specialty polymers, building a profitable Circular & Low Carbon Solutions business, and advancing our leadership in technology and innovation. We extend our gratitude to our colleagues transferring as part of this transaction for their contributions, professionalism, and resilience throughout the process. As they transition to a standalone business under AEQUITA ownership, we wish them and the new company success in the next chapter ahead.”
Following today’s closing, the divested business will be named and operated as Velogy.
“This closing marks an important step in building a scaled and competitive European polymers platform, a sector where we see strong fundamentals and attractive long-term value creation potential,” said Dr.-Ing. Axel Geuer, AEQUITA-Founder and Chairman. “We thank LyondellBasell for the constructive collaboration throughout the process and are excited to begin the next step of partnering with Velogy’s employees to reinforce and further enhance the Company’s leading services to customers and suppliers.”
LYB remains committed to operating its remaining assets safely and reliably and to continuing to serve customers and partners with the same high standards.
Advisors
Citi and J.P. Morgan Securities LLC acted as financial advisors, and Linklaters LLP acted as legal counsel to LyondellBasell.
About LyondellBasell
We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
About AEQUITA
AEQUITA is a Munich-based industrial group investing in corporate carve-outs, succession situations, and transformational opportunities across Europe, North America, and Asia. Its portfolio companies generate more than EUR 10 billion in revenues across three segments — automotive, chemicals, and industrials — and employ over 19,000 people worldwide. Backed by a strong capital base and deep operational expertise, AEQUITA acquires and sustainably develops companies with long-term value creation potential. For more information, visit www.aequita.com.
Media Inquiries LYB Global
LyondellBasell Media Relations
Phone: +1-713-309-7575
Email: mediarelations@lyondellbasell.com
Or:
Media Inquiries LYB Europe
Esther Clason, Communications EMEAI
Phone: +31 6 388 269 30
Email: Esther.Clason@lyondellbasell.com
Media Inquiries AEQUITA SE & Co. KGaA
Kolja Hübner, Partner
Gabrielenstr. 9, 80636 Munich
Phone: +49 89 2620 4840-0
Email: contact@aequita.com
Forward-Looking Statements LYB
The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to align our asset base with our strategic goals; our ability to create long-term value for our stakeholders; and our ability to build a profitable Circular & Low Carbon Solutions business. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2025, which can be found at www.LyondellBasell.com on the Investors page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law.
SOURCE: LyondellBasell
ROTTERDAM, Netherlands, May 4 (Bernama-GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced that it has successfully completed the sale of select European olefins and polyolefins assets, and the associated business and corporate functions, to AEQUITA as a key milestone in the company’s European strategic assessment. The transaction follows completion of required employee information and consultation processes and satisfaction of customary regulatory and closing conditions.
The divestiture supports the company’s strategy to grow and upgrade the core by further concentrating on assets and businesses with durable competitive advantages and stronger long-term returns, while enhancing financial flexibility and supporting disciplined capital allocation.
The assets sold in the transaction are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). LYB will continue to operate its Advanced Polymer Solutions (APS) business in Tarragona.
“This transaction represents a pivotal achievement in our transformation,” said Peter Vanacker, chief executive officer of LyondellBasell. “By finalizing this sale, we have refined our portfolio and enhanced our capacity to allocate capital toward high-return opportunities that contribute to long-term value creation.”
Vanacker added, “Europe remains an integral market for LYB; we will continue to invest where value creation is strong, reinforcing our leadership in specialty polymers, building a profitable Circular & Low Carbon Solutions business, and advancing our leadership in technology and innovation. We extend our gratitude to our colleagues transferring as part of this transaction for their contributions, professionalism, and resilience throughout the process. As they transition to a standalone business under AEQUITA ownership, we wish them and the new company success in the next chapter ahead.”
Following today’s closing, the divested business will be named and operated as Velogy.
“This closing marks an important step in building a scaled and competitive European polymers platform, a sector where we see strong fundamentals and attractive long-term value creation potential,” said Dr.-Ing. Axel Geuer, AEQUITA-Founder and Chairman. “We thank LyondellBasell for the constructive collaboration throughout the process and are excited to begin the next step of partnering with Velogy’s employees to reinforce and further enhance the Company’s leading services to customers and suppliers.”
LYB remains committed to operating its remaining assets safely and reliably and to continuing to serve customers and partners with the same high standards.
Advisors
Citi and J.P. Morgan Securities LLC acted as financial advisors, and Linklaters LLP acted as legal counsel to LyondellBasell.
About LyondellBasell
We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
About AEQUITA
AEQUITA is a Munich-based industrial group investing in corporate carve-outs, succession situations, and transformational opportunities across Europe, North America, and Asia. Its portfolio companies generate more than EUR 10 billion in revenues across three segments — automotive, chemicals, and industrials — and employ over 19,000 people worldwide. Backed by a strong capital base and deep operational expertise, AEQUITA acquires and sustainably develops companies with long-term value creation potential. For more information, visit www.aequita.com.
Media Inquiries LYB Global
LyondellBasell Media Relations
Phone: +1-713-309-7575
Email: mediarelations@lyondellbasell.com
Or:
Media Inquiries LYB Europe
Esther Clason, Communications EMEAI
Phone: +31 6 388 269 30
Email: Esther.Clason@lyondellbasell.com
Media Inquiries AEQUITA SE & Co. KGaA
Kolja Hübner, Partner
Gabrielenstr. 9, 80636 Munich
Phone: +49 89 2620 4840-0
Email: contact@aequita.com
Forward-Looking Statements LYB
The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to align our asset base with our strategic goals; our ability to create long-term value for our stakeholders; and our ability to build a profitable Circular & Low Carbon Solutions business. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2025, which can be found at www.LyondellBasell.com on the Investors page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change, except as required by law.
SOURCE: LyondellBasell
Subscribe to:
Posts (Atom)