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Solvay SA (SOLB.BR)

SOLB.BR on Brussels Stock Exchange

20 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Solvay to divest its Italian site of Bussi
Monday, 1 Aug 2016 08:43am EDT 

Solvay : Will divest its Italian site of Bussi following an agreement with Caffaro Group . Has agreed to divest its chlorine and peroxide derivatives site in Italy to Italian chemical company Caffaro . Caffaro will take over Solvay’s production of EURECO . Solvay’s peroxides global business unit will continue to market and develop EURECO as its exclusive distributor in all countries except Italy .Will continue to market its EURECO organic peroxides, produced on the site, through an exclusive distribution agreement..  Full Article

Solvac interim gross dividend 2016 at eur 2.70
Friday, 29 Jul 2016 12:00pm EDT 

Solvac SA : Interim gross dividend 2016 at 2.70 euros .Should resolve in December to bring total dividend ex. 2016 from 4.50 euros gross after adjustment for capital increase to 4.80 euros gross per share.  Full Article

Solvay Q2 underlying EBITDA up 8 pct at 652 mln euros
Friday, 29 Jul 2016 01:00am EDT 

Solvay SA : Q2 net income, Solvay share, on an IFRS basis was 185 million euros ($205.0 million) versus 138 million euros in 2015 . Q2 net sales totaled 2,946 million euros, down 6 pct . Q2 underlying EBITDA grew 8 pct at 652 million euros . Reaffirms its full year 2016 guidance of high single-digit underlying EBITDA growth and free cash flow in excess of 650 million euros .Says EBITDA growth will be underpinned by excellence programs and delivery of Cytec synergies..  Full Article

Solvay and Mubadela awarded supply contract by Boeing
Monday, 11 Jul 2016 09:10am EDT 

Solvay SA : Solvay and Mubadala awarded supply contract by Boeing for primary composite structures of its 777X aircraft . Solvay and MUBADALA create joint venture in UAE to expand 777X supply .New company will be located in united Arab Emirates (UAE) and is expected to be operational by 2021.  Full Article

Solvay completes exit of INOVYN joint venture
Thursday, 7 Jul 2016 08:59am EDT 

Solvay : Completes exit of INOVYN joint venture .Received exit cash proceeds amounting to 335 million euros ($371.4 million).  Full Article

Solvay and Suzano Papel e Celulose to build integrated hydrogen peroxide unit in Brazil
Wednesday, 6 Jul 2016 01:30am EDT 

Solvay SA :Solvay and Suzano Papel e Celulose agree to build first integrated hydrogen peroxide unit at pulp mill site in Brazil.  Full Article

Solvay takes full ownership of JV stake in U.S. plant
Thursday, 2 Jun 2016 01:35am EDT 

Solvay SA :Takes full ownership of joint venture stake in U.S. cellulose acetate flake plant from Eastman Chemical Company.  Full Article

Solvay acquires Eastman's 50 percent stake in U.S.-based plant, becomes its sole owner
Thursday, 19 May 2016 01:37am EDT 

Solvay : Solvay agrees to take full ownership of U.S. cellulose acetate flake plant from joint venture partner Eastman Chemical Company . Solvay and Eastman Chemical Company have signed a definitive agreement to end their cellulose acetate production joint venture primester .Solvay acquiring Eastman's 50 percent stake in U.S.-based plant and becoming its sole owner.  Full Article

Eastman to sell interest in Primester cellulose acetate joint venture to Solvay
Thursday, 19 May 2016 01:31am EDT 

Eastman Chemical Co : Terms of sale were not disclosed . Eastman and solvay are currently equal partners in joint venture . Transaction allows eastman to eliminate costs associated with excess cellulose acetate flake capacity of joint venture .Eastman to sell interest in primester cellulose acetate joint venture to solvay.  Full Article

Solvay confirms FY 2016 guidance
Tuesday, 3 May 2016 01:00am EDT 

Solvay SA:Solvay reaffirms its guidance of high-single digit underlying EBITDA growth in 2016, compared to the pro forma 2,336 million euros in 2015.2016 free cash flow is expected to exceed 650 million euros, more than 30 pct higher than the prior year pro forma level.  Full Article

BRIEF-Solvay creates JV with Marubeni and Ansaldo Energia to invest in co's Rosignano plant

* Solvay, Marubeni and Ansaldo Energia co-invest in an energy efficiency project at Solvay's Rosignano plant