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


IFF invests in Bio ForeXtra to expand raw material access

NEW YORK, US: International Flavors & Fragrances Inc (IFF) said that its business unit IFF-Lucas Meyer Cosmetics (IFF-LMC) has made a strategic in ...

Read more
Westlake restarts Calvert ethylene unit following mechanical failure

HOUSTON, US: Westlake Chemical Corporation said that its Calvert City, Kentucky (US) complex is in the process of restarting. This follows an unexpect ...

Read more
Researchers determine key improvement for fuel cells

PULLMAN, US: Washington State University (WSU) researchers have determined a key step in improving solid oxide fuel cells (SOFCs), a promising clean e ...

Read more
Arlanxeo’s new elastomer for wind turbines

DUSSELDORF, GERMANY: Arlanxeo Holding BV’s high performance elastomers business unit introduces a halogen-free ethylene-vinyl acetate synthetic ...

Read more
Stolt-Nielsen to acquire chemical tanker operations of Jo Tankers

LONDON, UK: Stolt-Nielsen Limited (SNL) has agreed to acquire the chemical tanker operations of Jo Tankers, located in Bergen, Norway. The transaction ...

Read more
ChemChina to acquire 40 pc stake in Adama for $1.4 billion

BEIJING, CHINA: China National Chemical Corp (ChemChina) has agreed to buy 40 percent stake in crop protection firm Adama Agricultural Solutions Ltd f ...

Read more
Copyright © 2016. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.