Mexichem acquire Fluorita de Mexico

Mexichem to acquire Fluorita de Mexico

1:54 AM, 28th December 2011
Mexichem to acquire Fluorita de Mexico


TLALNEPANTLA, MEXICO: Mexichem informs that it has received the authorization from the Mexican antitrust commission for the acquisition of the fluorspar producer known as ‘Fluorita de Mexico’, located in the state of Coahuila; as well as the mine concessions of the unit Las Sabinas, in the same state. With this acquisition, Mexichem will have access to fluorspar of the highest purity grade worldwide and will grant its operations for a long period of time. This as part of a series of investments aimed to produce new generation refrigerants, which are more eco-friendly.

“Addition to the Fluorine Chain of Mexichem, will increase the EBITDA of the company in over 300 million pesos in the first stage, confirming the strategy of continuing forward in the integration of products derived from fluorspar; which started with the acquisition of INEOS Fluor, followed by the plant of refrigerant 125 in Japan, and the hydrofluoric acid plant in Korea,” said Hector Valle, CEO, Mexichem Fluor.

© WOC News




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

China rare earths sales quotas 2012 remains unchanged

BEIJING, CHINA: China, the biggest supplier of rare earths, will keep 2012 overseas sales quotas virtually unchanged after exporters used only half ...

Read more
PPG awards 100 scholarships to students in chemistry-related disciplines

    BEIJING, CHINA: PPG honored 100 talented students in chemistry-related disciplines at Chinese universities through its scholarship pro ...

Read more
Enterprise to sell 22.8 million Energy Transfer Equity, LP common units

HOUSTON, US: Enterprise Products Partners LP announced that it has agreed to sell 22,762,636 Energy Transfer Equity, LP common units owned by an Enter ...

Read more
Vietnam to ban advertisements and trade promotions of insecticides

  HA NOI, VIETNAM: According to a new draft circular by the Ministry of Agriculture and Rural Development (MARD), advertisements for insecticide ...

Read more
Apache to acquire 65 per cent interest in Burrup Fertiliser Plant

HOUSTON, US: US Oil and gas giant, Apache Corporation announced that it will acquire 65 per cent stake in Burrup Holdings Limited, parent company of ...

Read more
BASF to distribute Sovran through Cheminova in the US

  LUDWIGSHAFEN, GERMANY: BASF Corporation has granted Cheminova Inc, exclusive distribution rights and use of trademark Sovran in the United S ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X