Solvay SA Updates on Redesigned Business Organization
Solvay SA announced that it has redesigned its organization with a review of business processes and corporate functions, and a focus on simplifying and decentralizing its management structure. The new business organization is comprised of five Operating Segments. Effective as from January 1, 2013, the Company’s business organization includes Consumer Chemicals serving the consumer products markets; Advanced Materials focusing on ultra-high performance applications addressing the needs of industries such as advanced transportation, healthcare, energy efficient tires, automotive emission control, smart devices or hybrid vehicles batteries; Performance Chemicals operating in specific, resilient markets; Functional Polymers bringing together the Chloro-Vinyls chain and Polyamide activities of the Group to serve mainly the construction and infrastructure, automotive and electrical/electronic industries and Corporate Business and Services including the Solvay Energy Services GBU as well as all the Corporate Functions, including Solvay Business Services and the Research & Innovation Center.
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