The Belgian chemist will separate its basic chemical activities from its specialty materials.
Solvay is about to write a new page in its history. The Belgian chemist founded 158 years ago announced on Tuesday a plan to split into two listed companies, one centered on basic chemicals (soda ash, peroxides, silica, etc.), the other on specialty materials (special polymers, composites, etc.). “It’s a great day for Solvay, hammered Ilham Kadri, CEO of the group, which achieved a turnover of 10.1 billion euros last year (+ 4.4% compared to 2019) for a net result of 1.04 billion. We will create two new industry leaders, each with a more precise strategic positioning. »
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No question for the leader, whose company published record results last year, to appear in a defensive posture. “It is Solvay’s performance that allows us to take bolder steps, says Ilham Kadri. We have built solid foundations. We are ready…
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