Belgian chemical and pharmaceutical company Solvay SA announced on 8 September 2009 that it has agreed to buy a majority stake in a Russian soda ash plant. The acquisition, to be completed early in 20…
Belgian chemical and pharmaceutical company Solvay SA announced on 8 September 2009 that it has agreed to buy a majority stake in a Russian soda ash plant. The acquisition, to be completed early in 2010, will be made at about EUR 160 million from Sodium Group Investments Ltd., and is part of the company“s strategy to expand in markets with strong growth potential. Soda ash is one of Solvay“s core products, and is used in glass production.