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Solvay

#3020

Rank

$4.29B

Marketcap

BE Belgium

Country

Solvay
Leadership team

Dr. Ilham Kadri (Chairman of the Exec. Committee, CEO & Non Independent Director)

Mr. Karim Hajjar (CFO & Member of the Exec. Committee)

Mr. Augusto Di Donfrancesco (Pres of Specialty Polymers & Member of the Exec. Committee)

Products/ Services
Chemical, Industrial, Manufacturing
Number of Employees
20,000 - 50,000
Headquarters
Brussels, Brussels Hoofdstedelijk Gewest, Belgium
Established
1863
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SOLB.VI
Overview
Location
Summary
Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aircraft, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, specialty phenols, polyamide derivatives and smart, functional, and sustainable yarns and polymers. The Solutions segment offers specialty chemicals for agro, home and personal care, coatings, and industrial markets; technology solutions in specialty mining reagents, phosphine-based chemistry, and solutions for the stabilization of polymers; fluorine and rare-earth formulations for automotive, electronics, agrochemical, and construction applications; and vanillin for the flavors and fragrances industries, as well as synthetic intermediates used in pharmaceuticals, agrochemicals, and electronics. This segment also provides friction reducers, gelling agents, emulsion breakers, surfactants, inhibitors, cementing additives, and biocides for upstream oilfield chemicals sector, as well as sodium hypophosphite for metal plating and other applications. The Corporate & Business Services segment provides energy and other business services. The company was founded in 1863 and is headquartered in Brussels, Belgium.
History

Founded in 1863 by Ernest Solvay and his brother Alfred Solvay to produce sodium carbonate by the Solvay process, the company has diversified into two main sectors of activity: chemicals and plastics. Before World War I, Solvay was the largest multinational company in the world. It was formerly also active in pharmaceuticals, but agreed to sell that entire division to Abbott Labs for €4.5 billion in September 2009, a deal completed in February 2010.

In April 2011, the firm agreed to the €3.4 billion acquisition of French-based chemicals company Rhodia which was completed in September 2011.

Since January 2012, the new Solvay is listed on the NYSE Euronext in Paris and joined the CAC 40 index in September 2012. Solvay is historically listed on the NYSE Euronext in Brussels and part of BEL20 index.

Following its integration with Rhodia, the Committee of Executive Members at Solvay reorganised its various business units into five segments – Consumer Chemicals, Advanced Materials, Performance Chemicals, Functional Polymers and Corporate & Business Services, effective from 2013.The company is a supporter of the Solvay Conferences that were started by Ernest Solvay in 1911.On December 3, 2015, Solvay launched a share issue sent to existing shareholders, completing funding for the $5.5 billion purchase of Cytec Industries Inc.

Mission
Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges.
Vision
Our vision is to become the most innovative and responsible specialty chemicals and materials provider, creating added value for our customers and optimizing shareholder value.
Key Team

Mr. Marc Chollet (Chief Strategy Officer & Member of Exec. Committee)

Mr. Herve Tiberghien (Chief People Officer & Member of Exec. Committee)

Mr. Dominikus Golsong (Group Gen. Counsel & Member of Exec. Committee)

Mr. Geoffroy Raskin (Head of Investor Relations)

Ms. Jodi Allen (Head of Investor Relations)

Nathalie van Ypersele (Head of Communications & GM of Communication)

Ms. An Nuyttens (Pres of Aroma Performance & Silica Bus.es)

Recognition and Awards
Solvay has won numerous awards over the years, including the U.S. Chamber of Commerce Corporate Citizenship Award in 2018, the Corporate LiveWire Innovation & Excellence Award in 2017 and the Global Business Strategy Award in 2016.
References
Solvay
Leadership team

Dr. Ilham Kadri (Chairman of the Exec. Committee, CEO & Non Independent Director)

Mr. Karim Hajjar (CFO & Member of the Exec. Committee)

Mr. Augusto Di Donfrancesco (Pres of Specialty Polymers & Member of the Exec. Committee)

Products/ Services
Chemical, Industrial, Manufacturing
Number of Employees
20,000 - 50,000
Headquarters
Brussels, Brussels Hoofdstedelijk Gewest, Belgium
Established
1863
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SOLB.VI