Ercros SA is a Spain-based company engaged, together with its subsidiaries, in the chemical industry. The Company�s products are structured into three business lines: Businesses Associated to Chlorine, which comprises the production of chlorine, ethyl acetate, caustic soda, sodium hypochlorite, dichloroethane, chloromethane, sodium chlorate and caustic potash, polyvinyl chloride (PCV), as well as water disinfectants; Intermediate Chemicals, which produces formaldehyde, glues and resins for the fiberboard and plywood industries, and Pharmaceuticals, which comprises raw material and intermediate products used in the pharmaceutical industry. As of December 31, 2011, the Company owned such subsidiaries as Marcoating SLU, Fosfatos de Cartagena SLU, Gades Ltd and Ercekol AIE, among others.