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

Image

2014 leaves some resin firms in the black while others struggle

January 23, 2015 2:37 pm ET

On the financial side, 2014 was good for Hexcel Corp., so-so for Celanese Corp. and it could have been better for Omnova Solutions.    More

Image

Clariant's ColorForward predicts future consumer trends

January 23, 2015 1:33 pm ET

Clariant International Ltd. is marking a decade of color forecasting with the 10th edition of its ColorForward program.    More

Image

The future for PolyOne is colorful

January 23, 2015 1:28 pm ET

PolyOne Corp. is writing four color stories for 2016.    More

Image

Mexico's Polymer Solutions looks to grow, expand offerings with name change

January 23, 2015 12:03 pm ET

British biodegradable additives developer Symphony Environmental Technologies plc's Mexico distributor has changed its name from Plásticos...    More

Image

Ineos equipment failure may affect short-term PP supplies

January 21, 2015 4:27 pm ET

A recent equipment failure at a polypropylene resin plant operated by Ineos Group could affect short-term supplies of that material in North America.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

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

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

More Events