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

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

Songwon acquires division of India's SeQuent

April 24, 2014 12:22 pm ET

Songwon Industrial Group of South Korea has signed a deal with SeQuent Scientific Limited, India to acquire SeQuent's specialty chemicals business.    More

PET recycler will use Czech technology

April 24, 2014 12:11 pm ET

A Polish company intends to employ a Czech developed recycling technology to recycle PET bottle waste at a new processing plant under construction in ...    More

Image

Closed Loop Recycling out to become biggest milk bottle recycler in the world.

April 24, 2014 11:55 am ET

The new plastic milk bottle recycling line at Closed Loop Recycling is part of a 12 million pound ($20.1 million) investment strategy which CLR...    More

Image

Shoemaker hopes to tip balance of military running shoes in US companies' favor

April 24, 2014 10:56 am ET

Boston-based athletic shoe maker New Balance and its supplier Rogers Foam Corp. are joining forces to lobby support for a proposal that the U.S....    More

Image

Plastics News Now: Simpsons go Lego, Pharrell Williams gets into recycled plastic

April 24, 2014 8:45 am ET

Lego has teamed up with "The Simpsons" for a special episode, we see the trends at the International Home + Housewares Show and musician Pharrell Will...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events