Draslovka will continue to fully supply all of its Mexico-based clients from its productive plants in operation.
Prague, Czech Republic – Draslovka a.s. (“Draslovka” or “the Company”), a Czech Republic-based, global, family-owned leader in CN-based specialty chemicals including next generation fumigants and biocides, today announces a decision to relocate equipment away from the Laguna site in Gomez Palacio, Mexico.
On December 1, Draslovka completed the acquisition of Chemours’ Mining Solutions business. Draslovka therefore now has extensive operations in the American and Mexican markets, which it considers geographically strategic given their growing mining, agricultural, and industrial products. Upon the completion of the sale, Draslovka thoroughly reviewed its existing portfolio, specifically to evaluate the best ways to integrate Chemours’ Mining Solutions assets with its existing supply chain and its sodium cyanide business around the world.
The Laguna project, once completed, would have added in the region of 57kt of NaCN to the world supply in a market that is increasingly faced with rising input material costs and an expanding global demand. Given that project finalization at La Laguna site is unlikely in the short term, due to investment and permitting considerations, Draslovka has made the strategic decision to relocate the equipment currently installed at the project site in Gómez Palacio. Draslovka will continue to fully supply all of its Mexico-based clients from its productive plants in operation.
Draslovka remains committed to the Mexican market and hopes to contribute to the economy and competitiveness of the country through its full range of products for the mining, agricultural, pharmaceutical, and industrial sectors.
Pavel Brůžek, CEO of Draslovka, said:
“Following an in-depth economic and market analysis, and given that production at the Laguna site looks unlikely in the short term, we have taken the strategic decision to relocate the equipment currently on site so that it can be fully utilised at other Draslovka operations.
At the same time, we are keenly aware that the combination of steadily growing demand, a stagnant capacity environment, and recent disruptions in energy and raw material markets have created tumultuous market conditions for participants worldwide. As the world’s largest producer of sodium cyanide, we are exploring a wide range of options to ensure the market will remain properly served. We remain fully committed to our Mexican clients and will continue to provide reliable supply to all our clients from our existing production facilities.”