Tata Chem buys US soda ash maker for $1 bln

Thu Jan 31, 2008 12:43am EST
 
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MUMBAI, Jan 31 (Reuters) - Chemicals and fertilisers maker Tata Chemicals Ltd (TTCH.BO: Quote, Profile, Research, Stock Buzz) said on Thursday it has signed an agreement to acquire U.S.-based soda-ash producer General Chemical Industrial Products Inc, for $1.005 billion.

General Chemical has a 2.5-million-tonnes a year soda ash capacity in Wyoming, it said in a statement. (Reporting by Prashant Mehra)

 

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