New Era at Solvay

Entering a new era, Solvay aims to set high standards in decarbonization and social responsibility, positioning itself as a leading reference point in the basic chemicals sector. Solvay successfully completed the transfer of its specialty activities to Syensqo. This move signals a significant strategic shift for the Group and positions it as a global leader in basic chemicals. Solvay is preparing to enter a new phase of sustainable growth, sharpening its focus on core business areas and reaffirming its commitment to market leadership, decarbonization and social responsibility.

Global Presence and Diverse Customer Base

With more than 9,000 employees across 40 countries, Solvay is committed to delivering sustainable products that meet fundamental needs of society. These include purifying air and water, protecting food sources, safeguarding health and well-being, creating environmentally friendly textiles, enhancing the sustainability of automotive tires and contributing to the heating, cleaning and protection of homes. Built on strong foundations, the Group has continuously supported industry progress through ongoing process innovation. With a portfolio encompassing core mono-technologies such as soda ash, bicarbonate, silica, hydrogen peroxide, fluorine and rare earth elements, phenol and solvents, Solvay serves as a vital and reliable supplier in global markets. The company's unique global footprint and balanced presence enable it to serve a diverse and sustainability-focused customer base. Solvay Board Chairman Pierre Gurdjian expressed his enthusiasm about the completion of the separation process, stating: "I am excited about the successful separation, a strategic move that underscores our commitment to long-term value creation. This decision reflects our determination to continuously create value for stakeholders and ensure Solvay's continued success. Working in close collaboration with experienced and highly qualified executives, we are positioned to work closely with the management leadership team that has positioned Solvay as a leader in basic chemicals. Prevailing megatrends present attractive opportunities for value creation. Leveraging our leadership and insights, we will confidently carry Solvay into the future." Solvay CEO Philippe Kehren added: "Our mission at Solvay is to harness the power of chemistry to create sustainable products addressing the world's most pressing challenges. This commitment includes delivering process innovations and sustainable products while minimizing our environmental footprint. With the simplification brought about by the separation, Solvay is prepared to strengthen its past performance in achieving solid margins in the top quartile of the industry, generating cash and delivering attractive returns. Our objective is to create lasting value for employees, communities, customers and shareholders through our integrated approach."   Source