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Solvay Q3 EBITDA Up At 599 Million Euros
Solvay Gets French State Support To Produce EV Batteries
Malema Sensors Chooses Solvay's Ketaspire Resins For Single-Use Coriolis Flow Meters
Solvay SA is a Belgium-based international chemical and advanced materials company. Through its subsidiaries, it operates four segments: Advanced Materials, Advanced Formulations, Performance Chemicals and Corporate & Business Services. Advanced Materials offers high-performance materials for multiple applications primarily in the automotive, aerospace, electronics, and health markets providing sustainable mobility solutions, reducing weight and improving CO2 and energy efficiency. Advanced Formulations serves primarily the consumer goods, agro and food, and energy markets offering customized specialty formulations that impact surface chemistry and alter liquid behavior while minimizing the environmental impact. Performance Chemicals specializes in chemical intermediates serving mainly the consumer goods and food markets. Corporate & Business Services includes corporate and other business services, such as the research and innovation center, and energy services.
Chemicals - Plastics & Rubber
Rue de Ransbeek 310
Chairman of the Board
Chairman of the Management Board, Chief Executive Officer, Director
Member of the Executive Committee, Chief Financial Officer
Chief People Officer, Member of the Executive Committee
Chief Digital Officer
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Belgian chemicals group Solvay said on Thursday it aimed to invest $2 billion to become a carbon-neutral company by 2050 and increased its 2030 goal for reducing greenhouse gas emissions.
Activist Bluebell Capital Partners has urged Belgian chemicals company Solvay to replace Chief Executive Ilham Kadri, saying she had failed to stop the discharge into the sea of waste from a soda ash production plant in Italy.
Belgian chemicals group Solvay reported a smaller than expected fall in second-quarter earnings on Wednesday, thanks to cost-saving measures that accelerated due to the COVID-19 pandemic and some higher prices.
Belgian chemical company Solvay said on Friday it was closing two sites of its composite materials business with the loss of some 570 jobs in the United States and Britain as it accelerated its restructuring due to the COVID-19 pandemic.
* COMPOSITE MATERIALS: RESTRUCTURING ITS MANUFACTURING FOOTPRINT WITH INTENT TO CLOSE TWO SITES AND REDUCE GLOBAL HEADCOUNT BY 20%
* IT HAS BEEN ADDED TO THE LIST OF DISINFECTANTS FOR USE AGAINST SARS-COV-2 Source text: https://bit.ly/3cCbRy2 Further company coverage: (Gdansk Newsroom)
Solvay on Thursday withdrew its 2020 guidance citing the coronavirus pandemic but the Belgian chemicals maker maintained its dividend for the year of 3.75 euros ($4.07) per share.
* ANNOUNCED ON TUESDAY IT IS SUPPLYING HIGH-PERFORMANCE, MEDICAL-GRADE TRANSPARENT FILM TO BOEING FOR ITS PRODUCTION OF FACE SHIELDS AS A PROTECTION FROM COVID-19
* IT IS TOO EARLY TO PREDICT THE FULL IMPACT OF THE COVID-19 CRISIS ON SOLVAY’S BUSINESS
Belgian chemicals group Solvay said it expects uncertainty over the coronavirus outbreak, the 737 MAX production halt and a weaker economic outlook to keep its core earnings on the backfoot.
Solvay issued a five-year outlook on Thursday including plans to reorganise into three business units as the Belgian chemicals maker's third-quarter core profit slipped.
Belgium's Solvay issued a five-year outlook on Thursday including plans to reorganise into three business units - materials, chemicals and solutions - as the chemicals maker reported a slip in third-quarter core profit.
Belgian chemicals group Solvay reported higher-than-expected second-quarter sales and earnings on Wednesday, saying higher prices helped offset a fall in volumes.
Belgian chemicals group Solvay reported higher-than-expected second-quarter sales and earnings on Wednesday, driven by growth in aerospace, mining, agriculture and aroma sectors and helped by foreign currency.
The European Commission said on Friday it had approved the acquisition by German chemical company BASF <BASFn.DE> of the nylon business of Belgian rival Solvay <SOLB.BR> subject to conditions.
BASF <BASFn.DE> is looking to shed a sizeable portfolio of assets to try to salvage a deal it struck in 2017 to buy Belgian chemicals group Solvay's <SOLB.BR> polyamide business, people close to the matter said.
BASF is looking to shed a sizeable portfolio of assets to salvage a deal it struck in 2017 with Solvay over the acquisition of the Belgian chemicals group's polyamide business, people close to the matter said.
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