GHCL Ltd (India) to purchase Soda ash unit in Romania

GHCL Ltd., an Indian Soda ash producer involved also in manufacturing some industrial chemicals and textiles, is set to acquire a second loss-making synthetic soda ash unit in Romania for around $24 million.  The acquisition of the 300,000 ton/year unit currently being run by a Romanian Government agency will be made through a deferred payment plan.  After the acquisition, GHCL would be the only manufacturer of synthetic soda ash in Romania and would gain access to the Eastern and Central European markets.

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