Solvay reshapes its operating structure

By David Eldridge
EUROPEAN PLASTICS NEWS

Published: January 17, 2013 1:38 pm ET
Updated: January 17, 2013 1:44 pm ET

Related to this story

Topics Materials Suppliers
Companies & Associations

BRUSSELS -- Solvay SA has announced a new business structure which reflects the Brussels-based group's integration of Rhodia SA, the French materials group it acquired in 2011.

Rhodia's polyamides business has been placed into an operating segment called Functional Polymers along with Solvay's chloro-vinyls business. This segment mainly supplies to the construction and infrastructure, automotive and electrical/electronics industries.

Specialty polymers – fluoropolymers, fluoroelastomers, fluorinated fluids, semi-aromatic polyamides, sulfone polymers, aromatic ultra polymers, high-barrier polymers and cross-linkable high-performance compounds – are part of an operating segment called Advanced Materials, which also includes silica, rare earths and special chemicals. End markets for these materials are advanced transportation, healthcare, energy efficient tires, automotive emission control, smart devices and hybrid vehicles batteries.

The other operating segments are Consumer Chemicals, Performance Chemicals and Corporate Business and Services.

Jean-Pierre Clamadieu, CEO and chairman of Solvay's executive committee, said: "Today's Solvay is the result of the successful integration of Solvay and Rhodia and an extensive transformation. Few groups would have been able to bring about such major changes in such a short period of time.

"Through the mobilization of our teams, we have managed to convert the two former companies into one of the 10 largest chemical companies worldwide. Our new signature, 'Asking more from chemistry,' is more than a pledge; it's a vision and a challenge to which we are fully committed."

Solvay said its new executive committee "is responsible for the group's vision, setting mid and long-term strategy, monitoring delivery of results and optimizing resource allocation across businesses. It is collectively responsible for overall value creation and for the preservation of the group's global interests".

The executive committee has six members: Jean-Pierre Clamadieu, Bernard de Laguiche (CFO), Gilles Auffret, Vincent De Cuyper, Roger Kearns and Jacques van Rijckevorsel. Each member of the committee supervises dedicated operating segments and corporate functions.


Comments

Solvay reshapes its operating structure

By David Eldridge
EUROPEAN PLASTICS NEWS

Published: January 17, 2013 1:38 pm ET
Updated: January 17, 2013 1:44 pm ET

Post Your Comments


Back to story


More stories

Image

Wittmann Battenfeld betting on big for future sales

April 24, 2015 12:34 pm ET

Five hundred visitors packed into MacroPower Days, about twice as many as Wittmann Battenfeld GmbH officials initially expected — proof, they...    More

Image

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events