Poland: Ciech to take part in privitisation of Crimean Soda Plant

Stock Group Ciech (Poland) intends to participate in the privatization of the Crimean soda plant according to a source at the plant, who referred to a speech by one of the Ciech Group directors in Ode…

Stock Group Ciech (Poland) intends to participate in the privatization of the Crimean soda plant according to a source at the plant, who referred to a speech by one of the Ciech Group directors in Odessa to the Ukraine-Poland economic forum. According to the Crimean soda plant source, Ciech owns two soda plants with a total capacity of 1.2 million tons annually and is one of the largest competitors of the leading European producer of calcinated soda Belgian company Solve, whose plants have a capacity of about 3 million tons of soda ash per annum. The Polish side made a statement of possible investments at the Crimean soda plant with an increase of its annual capacity from 0.7 to 0.8 million tons of soda ash annually (in 2002 the plant produced 0.53 million tons of soda). In mid-June 2003 the Ukrainian State Property Fund announced the opening of the bidding process for the state“s 39.48% stake in the Crimean soda plant.