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Business
Solvay Will Buy Egyptian Company
by Michael McCoy
October 27, 2008
| A version of this story appeared in
Volume 86, Issue 43
Solvay has entered a final agreement to acquire Alexandria Sodium Carbonate, an Egyptian state-owned producer of soda ash (sodium carbonate) and quicklime, for about $133 million. In May, Solvay announced that it was the preferred candidate to acquire ASC. The Egyptian firm's plant, near Alexandria, has a soda ash capacity of 130,000 metric tons per year. Solvay says it will continue an ASC project to increase capacity to 200,000 metric tons.
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