IHS Chemical Week

Regions :: Australia/New Zealand

Administrators seek buyers for Penrice Soda assets

4:02 AM MDT | April 28, 2014 | Natasha Alperowicz

Penrice Soda, the troubled Australian sodium bicarbonate and lime producer, will continue to operate in voluntary administration while efforts continue to seek buyers for the company and/or its assets. A committee of creditors was elected to oversee rescue attempts at a meeting at Adelaide, Australia, today, and Penrice will continue to trade normally ahead of a second creditors' meeting on 31 July.   Administrator McGrathNicol says several potential purchasers had expressed interest in Penrice assets, which include 100,000-m.t./year sodium bicarbonate and...

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