(CercleFinance.com) – Solvay announces an investment in PVDF production capacity in Europe to meet the growing demand for batteries for electric vehicles.
The €300 million investment supports a fully integrated and digitized PVDF business and will increase the capacity of Solvay’s site in Tavaux, France, to 35 kilotonnes, making it the largest PVDF production site in Europe.
“This investment, which will be completed by December 2023, reinforces Solvay’s global leadership in this area and allows it to take advantage of the growing demand for electric and hybrid vehicles,” the group said.