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VULCAN CHEMICALS AND COMINCO AMERICAN INCORPORATED SIGN SODA ASH JOINT VENTURE AGREEMENT

 VULCAN CHEMICALS AND COMINCO AMERICAN INCORPORATED
 SIGN SODA ASH JOINT VENTURE AGREEMENT
 BIRMINGHAM, Ala., April 9 /PRNewswire/ -- Vulcan Chemicals and Cominco American Incorporated have signed a joint venture agreement to pursue the development of a soda ash facility at Owens Lake, Calif.
 Estimated cost for developing the proposed 600,000-ton-per-year facility is $100 million plus an additional investment in transportation facilities and equipment. All development costs will be shared equally by Vulcan and Cominco American.
 The agreement follows the completion of a project feasibility study. The joint venture partners will next initiate engineering and secure environmental permits after which a construction decision will be made. Assuming a positive decision, the entire process, including plant design and contruction, is expected to take three and a half years. Plant start-up would be scheduled for the last half of 1995.
 Vulcan Chemicals, a division of Vulcan Materials Company (NYSE: VMC), manufactures basic industrial chemicals, including chlorine, caustic soda, and a diversified line of chlorinated organic chemicals. Vulcan is headquartered in Birmingham, Ala. Cominco American Incorporated, headquartered in Spokane, Wash., is a wholly owned subsidiary of Cominco Ltd. (TSE: CLT) of Vancouver, British Columbia. Cominco Ltd. is an integrated natural resource company with principal activities being mining, smelting and refining, mineral exploration and fertilizer production.
 -0- 4/9/92
 /CONTACT: Starke Sydnor of Vulcan Materials Company, 205-877-3206/ CO: Vulcan Chemicals; Cominco American Incorporated ST: Alabama, Washington IN: CHM MNG SU: JVN


EA-BR -- AT006 -- 6846 04/09/92 13:59 EDT
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Publication:PR Newswire
Date:Apr 9, 1992
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