Facebook
Twitter
VimeoWatch
YoutubeWatch
Linkedin
Pinterest Follow
StumbleuponFind us
Scoop.itScoop it
Slide ShareFollow
FlickrView
Instagram Follow
TumblrFollow
BlogView
WoedpressView
Rss feedView
PaperliSubscribe
App.netSubscribe
ArrowWelcome to World Of Chemicals
Login Here  Hello Guest  

Europe

America


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

comments

Please Login to Give comments

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.

News of Interest

Clariant, Emerald Technology Ventures partner for cleantech sector

MUTTENZ, SWITZERLAND: Swiss specialty chemicals group, Clariant entered into a partnership agreement with Emerald Technology Ventures. Clariant will c ...

Scientists show way to improved water-splitting catalysts

CALIFORNIA, US: Scientists and engineers around the world are working to find a way to power the planet using solar-powered fuel cells. Such green sys ...

Bayer CropScience, Mendel to co-develop herbicide resistance breaking technology

MONHEIM, GERMANY: Bayer CropScience and Mendel Biotechnology Inc Hayward, California, USA have agreed for a new multi-year collaboration to jointly id ...

Linde launches €1 billion bond

MUNICH, GERMANY: Linde AG has successfully placed €1 billion of senior notes with an 8-year maturity. The bond, with a coupon of 1.75 per cent is ...

Foster Wheeler bags MEG facility contract from Qatar Petroleum, Shell

ZUG, SWITZERLAND: Foster Wheeler AG’s Global Engineering and Construction group subsidiary is awarded a contract by Shell Global Solutions Inter ...

BASF, Seattle Mariners to introduce sustainable snack packaging

SEATTLE/WYANDOTTE, US: BASF has made a game-changing breakthrough towards sustainable snack packaging that can help companies and communities everywhe ...