Degussa takes control of Turkish silica JV

By Parick Raleigh ERJ On-line news editor

Dusseldorf, Germany-Degussa AG has acquired a majority-51-percent-stake in Egesil, a Turkish silica joint venture based in Adapazari near Izmit. The remaining 49-percent of shares will be held by Ege Kimya AS, said a 14 Jan Degussa statement.

Ege Kimya, a family-owned chemical group, established Egesil two years ago, with Degussa as a 25-percent shareholder. The JV, which supplies the tyre, rubber goods and paint industries, has since increased its capacity to 15 kilotonnes per annum, from 8 ktpa originally….

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with