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


UPC to build phthalic anhydride plant in Sichuan province, China

  TAIPEI, TAIWAN: Following production expansion in Liaoyang in Northeastern China, UPC Technology Corp, will invest $ 125 million to expand out ...

Read more
AkzoNobel to acquire coatings manufacturer, Schramm Holding AG

AMSTERDAM, THE NETHERLANDS: AkzoNobel will acquire coatings manufacturer, Schramm Holding AG and the coatings activities operated by Schramm’s l ...

Read more
Tata Chemical Europe gets £150 million finance package

NORTHWICH, UNITED KINGDOM:  has backed a £150 million finance package for Tata Chemicals Europe (TCE). The funding will replace the company ...

Read more
Canpotex and Sinofert sign new contract

SASKATOON, CANADA: Canpotex Limited signed a contract with Sinofert Holdings Limited to supply 630,000 tonne of potash during the second half of calen ...

Read more
Gevo, Toray announce commercial progress for renewable PET

  ENGLEWOOD, US: Gevo Inc has successfully produced fully renewable and recyclable polyethylene terephthalate with its potential customer, Toray ...

Read more
Ube to launch commercial production of artificial micro carbon

  TOKYO, JAPAN: Ube Industries Ltd will start commercial production of proprietary artificial micro carbon (AMC). The company is currently proce ...

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