Brussels, Belgium – Solvay has ascribed to the new International Council of Chemical Associations Responsible Care Global Charter, which reinforces the commitment of multinational chemical companies to continuously improve their health, safety and environmental (HSE) performance worldwide. Solvay has been a signatory of the ICCA charter since its inception in 2007. The charter clarifies the role […]Read More →
Brussels, Belgium – Solvay published quarterly unaudited restated financial information for the first six months ended on June 30, 2014 and for the full year 2013, taking into account the upcoming sale of its U.S-based Eco Services business. Highlights Eco Services reported as discontinued operations as of Q3 2014 Updated allocationRead More →
Brussels, Belgium – Solvay will bolster competitiveness of its world class soda ash factory in Devnya, Bulgaria, by improving its energy efficiency. The measure is part of the competitiveness breakthrough plan that Solvay’s Global Business Unit Soda Ash & Derivatives launched last year and which is on track to deliver its €100 million cost-improvement target already […]Read More →
Solvay Sales at € 2,640 Million up 2% and Group Signs a Binding Agreement to Sell its U.S. based Eco Services.
Brussels, Belgium – In the second quarter, Group net sales grew 2% to € 2,640 m driven by organic volume growth of +3% and the favorable scope effect from Chemlogics’ contribution of +3%. Prices stood stable, while unfavorable foreign exchange effects continued to weigh, taking (4)% off sales. Net sales grew 21% in Advanced Formulations and 2% […]Read More →
Brussels, Belgium – Solvay has signed a definitive agreement with INEOS to create a strong player in chlorovinyls, to be named INOVYN(TM). The joint venture is expected to be effective by year-end following the divestments required by the European Commission. Until completion, Solvay and INEOS will continue to run their businessesRead More →
Brazil / Spain – In a first, Solvay and Fulgar, the largest polyamide fiber manufacturer in Europe, will attend Denim by Première Vision in Barcelona, Spain, on May 21-22. Both companies will show the European market the first pair of jeans made with Emana® Denim, a smart polyamide yarn with bioactive minerals that is a […]Read More →
Brussels, Belgium – In the first quarter of 2014, Group net sales grew 1% to € 2,552 m. The increase was driven by volume growth +3% and Chemlogics’ contribution +4%, but was held back by unfavorable foreign exchange developments (4)% (primarily US dollar, Japanese yen, Brazilian real and other emerging markets’ currencies) and a deflationary raw […]Read More →
Brussels, Belgium – Solvay has obtained a European patent protecting the use of its innovative emana® smart fiber, from the European Patent Office (EPO). emana® is a Far Infrared (FIR) yarn, polyamide 6.6-based, when in contact to the skin, interacts to the body and improves blood micro-circulation. Several clinical tests show, emana® offers sportswear and cosmetic […]Read More →
Solvay and INVISTA Renew their Joint Venture Agreement for the Long Term Production of Polyamide Intermediates.
Brussels, Belgium – Solvay and INVISTA have renewed their joint venture agreement to manufacture adiponitrile (ADN), a key intermediate in the production of Polyamide 6.6. This long-term agreement clarifies the rules of control and operations of Butachimie, in which both companies own a 50 percent stake. Butachimie operates the world’sRead More →
Brussels, Belgium – Solvay published restated financial figures for 2013 due to the application of the new International Financial Reporting Standards (IFRS) 10 (Consolidated Financial Statements), 11 (Joint Arrangements) and 12 (Disclosures of Interests in Other Entities). The Group is applying these new standards effective since January 1, 2014. Solvay’s restated figures for 2013 provide a basis […]Read More →