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Business

Turkish Firm Buys U.S. Soda Ash Stake

by Michael McCoy
July 27, 2015 | APPEARED IN VOLUME 93, ISSUE 30

Turkey’s Ciner Group has agreed to acquire the South Korean firm OCI’s 75% stake in OCI Resources, which contols OCI Wyoming, a natural soda ash producer in Green River, Wyo. The sale price is $427 million, according to OCI. Soda ash, or sodium carbonate, is refined from trona ore found in Green River. Ciner, through its subsidiary Eti Soda, operates a natural soda ash facility in Beypazarri, Turkey, home of what Ciner calls the world’s second-largest trona ore bed after Green River.

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