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