Tuesday, 24 April 2018 - 0:09
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Solvay

Solvay announces 600 job cuts globally

Belgium-based Solvay yesterday informed stock markets that it has started a reorganization plan especially involving its business in France. As part of the program, the company will reinforce its Lyon R&D site and its Brussels R&I site. By contrast, the…

Solvay makes expansion attempt in South America through acquisition

Brazilian economic-financial portal Valor Economico has reported today that Belgium-based multinational Solvay is looking for acquisition targets in South America. Solvay is targeting not only the group’s core segments, but also agrochemicals, petrochemicals and cosmetics. Solvay is currently generating approximately…

BASF acquires Solvay’s Polyamide unit for €1.6bn

As it was already known, Solvay was searching for a buyer of its Polyamide division and investors were not surprised today as it was announced that the company has sold the asset to Germany-based BASF. BASF paid €1.6bn, corresponding to…

Solvay to divest its polyolefin cross-linkable compounds business

Belgium-based Solvay sold its polyolefin cross-linkable compounds business to Italy’s Finproject. Such compounds are used in the wire and cable, as well as plumbing tubes industries, and the business has offices and plants in Roccabianca, Italy, . Solvay is in…

Solvay in talks to sell polyamide division

Solvay is in talks with Kingfa, Ineos and Access Industries to sell its polyamide division, as Belgian newspaper De Tijd reports. At the moment, the three bidders have not allegedly placed any concrete offers. Solvay could receive between €800m and…

The market of cathode material for lithium batteries

The market of cathode material for lithium batteries is undergoing profound transformation, with new dynamics resulting from partnerships being created among the bigs in the business. Johnson Matthey, maybe the top player in the business, has recently entered into a…

New Solvay H202 plant opened in China

Belgium-based Solvay has announced that a new large plant for hydrogen peroxide production has been opened in Zhenjiang, China. The new plant, with a capacity of 60,000 mT pa of high-concentration and high-purity H2O2 will serve both the local market…

Solvay looking for a buyer for polyamide division

Solvay is reportedly planning to sell its polyamide business, the most likely buyer of which is the US-based Celanese. Polyamides generated 1.4 bn. euros ($1.6 bn.) in revenue last year. Solvay’s commercial move is due to the Company looking to…