Solvay Chemicals, Inc. Exits ANSAC

Date: 29 January 2009
Source: Solvay Chemicals, Inc.,

Date: 29 January 2009

Solvay Chemicals, Inc., announced on January 21, 2009 that it has exercised its right to withdraw from the American Natural Soda Ash Corp. (ANSAC), thus triggering a two-year exit process.

ANSAC is a consortium of US-based soda ash producers and sells into specific overseas markets. Solvay Chemicals is a subsidiary of the Solvay Group, the world’s largest soda ash producer, and says the move reflects the success of its expanded global business.



“We’re very pleased to have been part of ANSAC,” explained Richard Hogan, President of Solvay Chemicals, Inc. “We felt the evolution of our business made this move necessary as we have grown to a point where logistically and technically we can serve our customers no matter where they operate. ANSAC and Solvay Chemicals are committed to securing a smooth and seamless exit to ensure effective customer supply,” Hogan added.



Solvay Chemical’s full withdrawal from ANSAC will become final December 31, 2010.



About Solvay Chemicals

Solvay Chemicals, Inc. is a subsidiary of Solvay. Solvay is an international chemical and pharmaceutical Group with headquarters in Brussels. Its companies employ some 28,000 people in 50 countries. In 2007, its consolidated sales amounted to EUR 9.6 billion, generated by its three sectors of activity: Plastics, Chemicals and Pharmaceuticals. Solvay (Euronext: SOLB.BE - Bloomberg: SOLB.BB - Reuters: SOLBt.BR) is listed on the Euronext stock exchange in Brussels. Details are available at www.solvay.com.



For more information on Solvay Chemicals, Inc., visit www.solvaychemicals.us.

 
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