The Bulgarian unit of French bank Socit Gnrale said on 25 June 2007 it extended an EUR 80 million (USD 107.7 million) loan to the Bulgarian unit of Belgian chemicals maker Solvay to finance investment…
The Bulgarian unit of French bank Socit Gnrale said on 25 June 2007 it extended an EUR 80 million (USD 107.7 million) loan to the Bulgarian unit of Belgian chemicals maker Solvay to finance investments. The five-year loan will be used by Solvay Sodi, Solvay“s soda ash venture in Bulgaria to finance the expansion of soda ash production capacity and the implementation of EU environmental standards at its small thermal power plant. Solvay said the previous week that it plans to increase annual production capacity at the plant in the Black Sea town of Devnya to 1.5 million tonnes from 1.2 million.