China Soda Ash Industries co. Ltd. (China) is the leading manufacturer of soda ash, which is used in the manufacturing of glass, chemicals, soaps, metallurgy, pulp, and paper. The company held the largest share of 19.4% of the global soda ash market in 2014. The diversified product portfolio and better geographic coverage has enabled China Soda Ash Industries Co. Ltd to generate high revenues in the global market.
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Solvay SA, headquartered in Belgium is the second-largest player in the soda ash market, and held a share of 8.0% of the global soda ash market in 2014. The company is dedicated to sustainable development, and is focused on innovation and expansion. Solvay announced its expansion in Wyoming, U.S. for the manufacturing soda ash; this expansion would increase the manufacturing capacity of the plant by 150 KT to meet the growing demands from its U.S. export markets. The company invested about $20.0 million, and acquired 30.0% stakes of Tianjin Soda Ash Plant (China) to expand its soda ash business in the emerging Chinese market. This joint venture started a soda ash plant in China having 800 KT of soda ash and sodium bicarbonate and 800 KT of ammonium chloride manufacturing capacity.
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The other key players, such as Nirma Ltd (India), Tata Chemicals (India), FMC Corporation (U.S.), and Ciech Group (Poland) have adopted the strategies of expansion in order to achieve growth in the global soda ash market. Tata Chemicals Limited invested over $100 million to increase its soda ash production capacity by 400 KT at its U.S.-based General Chemical plant to meet the increasing demands from the North American market. FMC Wyoming Corporation, a subsidiary of FMC Corporation, announced a new capacity expansion project for its soda ash facility located at Wyoming, U.S. The plant, after expansion, would produce 1,200 KT of soda ash. Nirma Limited expanded its soda ash plant in Gujarat, India. The objective of this expansion was to increase the productivity at low cost with energy-saving benefits. Ciech Group (Poland) is expanding its capacity in Poland from 1.2m tons/year to 1.4m tons/year. This plant will help the company meet the domestic demand and stay in competition from Turkey Soda Ash firms.
The major participants operating in the global soda ash market are China Soda Ash Industries Co. Ltd. (China), Tata Chemicals (India), Solvay SA (Belgium), FMC (U.S.), Nirma Limited (India), Ciech group (Poland), OCI Chemicals (Korea), Shandong China (China), and Tangshan Sanyou Chemical Industries (China).
