06/29/98
GENERAL QUIMICA SELLS ITS STAKE IN SILQUIMICA TO DEGUSSA
 

General Qu�mica, S.A., a subsidiary company belonging to Repsol Qu�mica, S.A., has sold its 50% stake in Silqu�mica, S.A. to Degussa A.G., holder of the other 50% of Silqu�mica capital equity.

Silqu�mica is a company located in Zubillaga-Lantar�n (Alava), producing white fillers used in tyres and shoes, and zeolites for detergents.

General Qu�mica, also based at Zubillaga-Lantar�n (Alava), mainly manufactures accelerators for rubber, organic dyes for leather and textiles, and agrochemicals.

This divestiture is in line with the Repsol Group s strategic policy to concentrate resources in core businesses, which in the case of General Qu�mica, are mainly focused on accelerators. A project to increase production capacity is currently being developed, and is due to start up in October next. When completed, this will place General Qu�mica as one of the top four producers of accelerators in the world.

This transaction will reinforce the Lantar�n-Alava site, because of the clear commitment of General Qu�mica and Degussa with the product range produced at these facilities.