Solvay soda ash expands into Africa

摘要

INTERNATIONAL CHEMICAL AND pharmaceutical company Solvay SA has entered into a final agreement for 100 percent acquisition of Alexandria Sodium Carbonate Co. (ASCC), from Egyptian state-owned Holding Co. for Chemical Industries (HCCI), and has expressed ambition to hit 200,000 tpa. Solvay emerged as the preferred bidder as a result of an auction, which the Egyptian authorities organised on March 27 2008, valuing ASCC at E 760 million pounds. (136 million dollars.).