Solvay to expand Bulgarian, US production plants

Solvay to expand Bulgarian, US production plants

Published at: 2019-09-25 09:42 | Author: CIJ Serbia
Solvay is planning to invest $203.3m to expand its facilities in Bulgaria and the US over the next three years. The soda ash producer will expand the sodium bicarbonate capacity at its plant in Devnya, eastern Bulgaria, by 200 kilotons. Its production plant in Wyoming will also be expanded by 600 kilotons. “Soda ash and bicarbonate are highly cash generative and resilient businesses for Solvay. Against a backdrop of growing global demand, these investments will deliver resilient cash and strong returns,” said Christophe Clemente of Solvay.

Similar Stories:

Hyundai reduces production in Czech plant
The Hyundai plant in Nošovice in the Czech Republic is giving its employees every other M  »
Klatovy factory producing ARIANE 6 rocket parts
A new production facility in the southern Czech town of Klatovy will be playing a role in  »
Baumer opens new plant in Skopje 1 industrial zone
Baumer has opened a new factory in the Skopje 1 technology industrial development zone in  »
How Turkey's Syrian invasion could impact Volkswagen Bratislava's future
Among the economic consequences Turkey's incursion into Syria is Volkswagen walking b  »
How does Bucharest’s investment market compare to Prague’s? There’s little compari   »
How much are you lending on infrastructure projects in Slovakia? How does it compare to ot   »
Should we believe people in the market when they say they’re working on five to six deal   »
Going into 2016, most observers assumed Czech retail assets would be a major investment ta   »