Belgian group Solvay is to invest
22 January 1996 00:00 [Source: ICB]
Belgian group Solvay is to invest Pta20bn ($165m) in expanding and modernising its Torrelavega facilities in Spain. Some Pta3.1bn will be invested in expanding the company's hydrogen peroxide plant. Torrelavega currently has a combined capacity of 1.1m tonne/year for sodium carbonate and hydrogen peroxide. Separate product capacities have not been disclosed. Solvay also has plans to construct a cogeneration unit producing steam and electricity, the cost of which is estimated at Pta5.2bn. The remainder of the money will be used to modernise and automate the site.
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