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People & Business :: Companies
Solvay to invest $38 million to improve costs at Europe's largest soda ash plant
11:11 AM MST | November 27, 2013 | Francinia Protti-Alvarez
Solvay is planning to invest 55 million Bulgarian Lev ($ 38.1 million; €26.7 million) in a distillation column at its soda ash plant at Devnya, Bulgaria, Solvay has announced. The initiative is part of an effort, announced in June, to improve the long-term profitability of the soda ash business. Construction of the distillery will significantly reduce production costs, consume less steam and emit less carbon dioxide in Europe's largest soda ash plant. The project is scheduled for completion in 2015. Solvay is facing a serious challenge from Turkey in...
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