04 February 2014 18:02 [Source: ICIS news]
LONDON (ICIS)--Solvay closed its electrolysis and soda ash facility in Povoa, Portugal, at the end of January as part of cost cutting measures, a company press officer said on Tuesday.
Belgium-headquartered Solvay announced mid-last year it would shut down its soda ash plant in Povoa as part of restructuring measures aimed at cutting costs and improving profitability.
The company had also said that the plant closure is part of plans to address structural overcapacity in the Mediterranean region.
The electrolysis plant in Povoa has also been closed for production process integration reasons. The shutdown of the soda ash plant implied the closure of the co-generation (steam production unit) which meant the cost to power energy-intensive units such as electrolysis was not sustainable, the company press officer said.
Despite the electrolysis and soda ash plant closures in Povoa, Solvay will continue to supply its customers in Portugal for soda ash and caustic soda.
The company press officer said soda ash customers will be supplied from its Spanish site in Torrelavega and that caustic buyers will receive product from its storage facility in Setubal, Portugal, which will also be served by its Spanish plant.
Nameplate capacity details were not disclosed at the time of writing.
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