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Solvay to close soda ash plant in Portugal, reduce costs by €100 million

12:11 PM MDT | June 6, 2013 | Natasha Alperowicz

Solvay plans to rationalize its European soda ash operations in order to improve its long-term profitability, the company announced today. Solvay signalled last year that it is working on an action plan to make the business profitable, particularly in Europe, and reinforce its position as a world leading producer. The company, as part of the plan, intends to reduce its European cost base by an annualized €100 million ($131.2 million) by 2016 compared with 2012. Solvay will focus on a breakthrough competitiveness improvement of its key synthetic soda ash...

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