New Delhi: Tata Chemicals mulls to attain financial closure in the next couple of days for buying US-based General Chemical Industrial Products. The company purchased General Chemical Industrial Products for $1 billion (about Rs 4,000 crore) early this year. Tata Chemicals will mop up $850 million (about Rs 3,400 crore) in debt to fund the acquisitions. The purchase of General Chemical will make Tata Chemicals the second largest maker of soda ash in the world. The company currently manufactures 875,000 tonnes of soda ash annually and plans to increase the production to 1.2 million tonnes by optimising use of its current capacities in Mithapur, Gujarat, and Kenya.
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