China’s Sichuan Jiuda Group buys 80% of Xiangtan Soda Ash
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China’s Sichuan Jiuda Group has acquired an 80% stake in Xiangtan Soda Ash Industrial Co Ltd, a subsidiary of Sichuan Kaiyuan Group, for an undisclosed amount.
The two groups signed an acquisition agreement in mid December.
Xiangtan Soda Ash Industrial Co Ltd - the second largest soda ash producer in Hunan province - runs a 300,000 tonne/year soda ash unit and a 340,000 tonne/year ammonium chloride plant at Xiangtan city in central China.(ICIS)
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