Top Industry Leaders in the Caustic Soda Market
Caustic Soda Market
- October 2023- Nantong Jiangneng Utilities Services Co., Ltd. ended the transaction. Lately, the enterprise finished the commercial and industrial change registration processes and acquired the business license allotted by the Nantong Economic and Technological Development Zone Administrative Approval Bureau.
- September 2023- Fitch Ratings has designated WE Soda Ltd. an expected Long-Term Issuer Default Rating (IDR) of 'BB-(EXP)'. The Viewpoint is Stable. Fitch has also ascribed an estimated 'BB-(EXP)' senior guaranteed rating to WE Soda Investments Holding PLCs planned USD750 million notes to be assured by WE Soda Ltd. The Recovery Rating is 'RR4' in sync with the Country-Specific Treatment of Recovery Ratings Criteria. The projected IDR reflects the company's planned liquidity profile and capital structure after refinancing. The rating exhibits WE Soda's industry-leading production charges consequences in strong through-the-cycle margins, lowered leverage, and its strong market position as one of the top three global soda ash producers. The rating also indicates the company's evaluation of a two-notch uplift above the Turkish Country Ceiling of 'B' because of offshore structural enhancements. Rating restraints are its single commodity exposure, weaknesses of corporate authority, and a confronting macroeconomic environment in Turkiye (B/Stable), where WE Soda's assets are located.
- October 2023- Uruguay's Ministry of the Environment will fine the Finnish paper mill UPM after a spillage of around one million liters from one of its plants situated in the center of the country altered a watercourse that flows into the Río Negro. The event, as per the official sources, occurred in August and was "accidental".
List of Major Companies in the global Caustic Soda Market are:
- Olin Corporation
- Tata Chemicals Limited
- Formosa Plastics Corporation
- Westlake Chemical Corporation
- Occidental Petroleum Corporation
- Xinjiang Zhongtai Chemical Co. Ltd
- Gujarat Alkalies and Chemical Limited
- Hanwha Chemical
- AkzoNobel NV
- Covestro AG
- PPG Industries
- FMC Corporation
- Brenntag North America Inc.
