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

Fire at Texas plant could impact polypropylene market

April 1, 2015 11:21 am ET

No injuries were reported in a March 30 fire at an ExxonMobil Chemical propylene unit in Beaumont, Texas — but the incident could affect the...    More

Image

Solegear raising funds as it debuts on TSX Venture stock exchange

April 1, 2015 11:08 am ET

A fledgling bioplastics company has raised capital for growth and obtained a listing on the TSX Venture stock exchange.    More

Image

Lanxess merges PU additives into Rhein Chemie division

April 1, 2015 9:17 am ET

German resin company Lanxess AG has combined the activities of the former Rhein Chemie and its Lanxess functional additives business into a new Rhein ...    More

Image

North American Pipe unit lab to focus on 'modern, innovative' formulations

March 31, 2015 3:25 pm ET

North American Specialty Products LLC — a unit of North American Pipe Corp. — has opened a new material science lab in Leola, Pa.    More

Image

Polymer Additives, Lubrizol expansions win tax incentives

March 31, 2015 10:22 am ET

Proposed expansions by Polymer Additives Inc. in Cuyahoga County, Ohio, and Lubrizol Corp. in Lake County, Ohio, were among 12 projects statewide that...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events