ICEX-INVEST IN SPAIN

Business

News

04|12|2017

CUF acquires the Solvay plant in Torrelavega

The CUF group has reached an agreement with Solvay to acquire its chloride production assets in Torrelavega (Cantabria). The Portuguese chemical group will invest 55 million euros in the purchase of several production units and in the construction of a new plant for the production of chlorine, caustic soda, sodium hypochlorite and hydrochloric acid.

The most important aspect of CUF's investment is that it represents the elimination of mercury from the production process for chloride and derivatives according to the requirements of European legislation. This will contribute to maintaining this industry, which will use the more modern and ecological membrane-cell technology.

As a first step before transferring the facilities to CUF –which is expected to take place in the first quarter of 2018–, on December 11 Solvay will cease producing chlorine with the mercury-based technology system. CUF has been using the system to obtain chlorine from membrane cells for several years in its plant in Estarreja in northern Portugal.

The new plant in Torrelavega will have a production capacity of 68,000 tons of chlorine, which will allow the Portuguese group to achieve its strategic goal of becoming one of the main Iberian producers of this material. This is confirmed by João de Mello, chairman of the board of directors at CUF: “With this significant investment in Spain, CUF reinforces its leadership position in the Iberian market for chlorine products and derivatives, in line with its strategic goal”.

In addition to the purchase and sale of assets and other agreements, both companies have signed a contract for industrial land and a service agreement. Solvay thus guarantees its industrial maintenance and laboratory support, among other services, when CUF rolls out the new plant within a period of approximately 24 months.
 

 

Last updated: 05|12|2017

    Contact us
    91 503 58 08


    Búsqueda de ayudas e incentivos

    The best information by region, by sector and daily updated. No registration needed!

    Search now


    ICEX-INVEST IN SPAIN
    Paseo de la Castellana 278, 2nd Floor 28046 Madrid SPAIN
    T (+34) 91 503 5800
    investinspain@investinspain.org
    www.investinspain.org

    Home | Legal warning | Site Map | Accessibility

    INVEST IN SPAIN - Paseo de la Castellana, 278 - 28046 Madrid

    Level Double-A conformance icon, W3C-WAI Web Content Accessibility Guidelines 1.0

    2015 ICEX - Invest in Spain