Bashkiria Chemical Holding invests to boost soda ash output

The Bashkiria Chemical Holding will invest at least USD 600 million in its Soda and Kaustic operations by 2010, General Director Sergey Chernikov said 31August 2005. About 50% of the funds will be use…

The Bashkiria Chemical Holding will invest at least USD 600 million in its Soda and Kaustic operations by 2010, General Director Sergey Chernikov said 31August 2005. About 50% of the funds will be used to improve environmental safety. At the Soda operation, the investment will boost soda ash production by 40%, to 2 million tonnes per year. The company expects a pay-back period of 7-8 year. In line with the plans, about RUR 1.5 billion from shareholders“ funds will be invested in 2006.