Sector News

Solvay Creates new Global Business Unit Special Chem

April 1, 2015
Chemical Value Chain
In the context of simplifying and improving efficiency of its overall Group structure, Solvay announced today the creation of a new Global Business Unit  that will integrate the GBUs Rare Earth Systems and Special Chemicals as well as the Fluorine Business* of GBU Aroma Performance.
 
The new GBU Special Chem with annual sales of about € 850 million and 3,100 employees worldwide in 2014 will be led by Hua Du and headquartered in Seoul, South Korea and will be reported within the Advanced Materials Operating Segment.
 
“With its increased scale and enhanced innovation capabilities, Solvay Special Chem is better positioned to capture growth opportunities, and will focus on leveraging our technology and market position in auto-catalysts and fluor specialties to drive new growth in targeted markets, namely in Automotive and Electronics”, said Roger Kearns, member of Solvay Executive Committee.
 
This new business reporting will be effective as from April 1, 2015. 
 
Source: Solvay 

Related News

September 24, 2020

INEOS signs industrial wind power contract with Engie

Chemical Value Chain

INEOS has concluded the largest ever purchase contract of wind energy for heavy industry in Belgium. The 10-year agreement with energy producer ENGIE, for the purchase of renewable electricity will […]

September 22, 2020

Saudi Arabia’s SIIG and Petrochem in merger talks

Chemical Value Chain

Saudi Industrial Investment Group (SIIG; Riyadh) and National Petrochemical Co. (Petrochem; Jubail, Saudi Arabia) say they have started talks over a potential merger of the two companies. SIIG and Petrochem […]

September 22, 2020

Solvay to cut hydrogen peroxide capacity in Europe under realignment

Chemical Value Chain

Solvay has launched its Peroxides for the Future (P4F) program, a multi-year plan to adapt its peroxides industrial footprint in EMEA and make product available where customers need it most. […]