Industrial Minerals


Solvay Russia deal cancelled

11 June 2010

by Simon Moores

Soda ash leader considers Russian policy after Berezniki deal falls through

Keywords: Solvay, soda ash, glass, Sodium Group Investments, Bashkhim

Solvay SA’s purchase of the Berezniki soda ash plant in Russia from Sodium Group Investments Ltd for €160m. ($194m.) has been cancelled, leaving the world’s leading producer to consider its export position to the country.  

 

The 500,000 tpa plant based in the Urals was core to Solvay's significant expansion...