Industrial Minerals


Stronger Q4 for Solvay chemicals

18 February 2010

by Mark Watts

Soda ash and fluorochemicals producer doubles profits despite lower volumes

Keywords: soda ash, sodium bicarbonate, fluorochemicals, glass, Solvay

The chemicals segment of Solvay SA, which produces soda ash and fluorochemicals, more than doubled profits in Q4 2009 due to cost control measures and reduced energy costs, the Belgian group said.

 

The business reported recurring operating profits (REBIT) of €68m. ($92m.) compared with €31m. in the same period a year earlier.

 

Sales dropped 15%...