Solvay acquires Fluorspar mine in Bulgaria

Media

Solvay acquires Fluorspar mine in Bulgaria

5:22 PM, 9th June 2011
Solvay acquires Fluorspar mine in Bulgaria
Solvay corporate headquarters in Belgium.

Mine in Europe complements Fluorspar sourcing for future developments.

 

BRUSSELS, BELGIUM: Solvay has acquired a fluorspar mine in Chiprovtsi, Bulgaria from the N&N Group. This strategic acquisition reinforces the vertical integration of Solvay’s high added-value fluorinated specialty polymers and fluorinated special chemicals production at a competitive cost.

 

The mine has currently 107 employees working in the mining and production activities near Chiprovtsi, not far from the Serbian border. The intention is to increase the production to at least 50,000 tons per year of acid grade fluorspar by the end of 2011. Fluorspar is the key raw material for hydrofluoric acid and used downstream to produce fluorinated chemicals and polymers. This acquisition will add supplementary reserves to those already provided by the fluorspar mine in Okorusu (Namibia).

 

“Solvay extends and secures the sourcing possibilities for future developments of fluorinated chemicals and polymers with this strategic investment. Solvay adds a new own raw material basis for future business expansion in downstream fluorine specialty markets where we see a continuing strong growth, especially in Asia,” said Bernd Wilkes, Senior Executive VP, Strategic Business Unit Fluor, Solvay.

(C) WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Shell sells Chinese lubricant firm 75 pc stake to Carlyle, Huo’s Group

LONDON, UK: Royal Dutch Shell Plc said it has signed an agreement to sell its 75 percent stake in Tongyi Lubricants in China to Huo’s Group and ...

Read more
Self-assembling, biomimetic membranes may aid water filtration

PENNSYLVANIA, US: A synthetic membrane that self assembles and is easily produced may lead to better gas separation, water purification, drug delivery ...

Read more
WestRock appoints Albemarle executive VP as Ingevity CEO

NORCROSS, US: WestRock Company said that Albemarle Corp executive vice president, D Michael Wilson will be the chief executive officer of the company& ...

Read more
BioAmber inaugurates largest biobased succinic acid plant in Canada

MONTREAL, CANADA: BioAmber Inc said it has opened its Sarnia plant, the world’s largest succinic acid production facility and that it will be gl ...

Read more
CF, OCI merger will create the world’s largest nitrogen company

DEERFIELD, US: CF Industries Holdings Inc and OCI NV said that CF will combine with OCI’s European, North American and global distribution busin ...

Read more
Bechtel bags FEED contract for the first floating LNG unit in US

HOUSTON, US: Bechtel Corporation (Bechtel Group) said it has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy Corp, ...

Read more
Copyright © 2014. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.