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


New method to detect estrogen, could improve cancer research

TEXAS, US: Scientists at the Shimadzu Institute for Research Technologies and the Department of Chemistry and Biochemistry at The University of Texas ...

Read more
Hyosung to expand spandex production at China

SEOUL, SOUTH KOREA: South Korean textile and industrial materials maker Hyosung Corp will boost spandex production at its China plant, a step that wil ...

Read more
Agrium restarts potash production at Vanscoy facility, Canada

CALGARY, CANADA: Agrium Inc, major producer and distributor of agricultural products and services in North America, South America and Australia, has r ...

Read more
Sipchem to start up PBT plant in first quarter of 2015

RIYADH, SAUDI ARABIA: Saudi International Petrochemical Co (Sipchem) said the initial start-up of its new polybutylene terephthalate (PBT) plant will ...

Read more
Lubrizol completes acquisition of Weatherford’s oilfield chemicals, drilling fluids businesses

CLEVELAND, US: The Lubrizol Corporation has completed the acquisition in the United States and Canada of Weatherford International’s global oilf ...

Read more
Pacific Ethanol to acquire Aventine Renewable

SACRAMENTO, US: Pacific Ethanol Inc, the leading producer and marketer of low-carbon renewable fuels in the Western United States, and Aventine Renewa ...

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