Solvay SA - Company Profile
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Business Description
Solvay SA (Solvay) is a chemical company. The company's primary activities include the production of soda ash, peroxides, silica, and fluorine, among others. Its products serve various industries such as agriculture, feed, and food, automotive, construction, consumer goods and healthcare, electronics, resources, environment, energy, and industrial applications.
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R&D Overview
Solvay has been actively involved in R&D initiatives focusing on process innovation and sustainability. The company is committed to developing a new, more sustainable process for producing soda ash, known as e.Solvay technology, which is an electrochemical process powered by renewable energy. Solvay SA has built a pilot production unit at its research center in Dombasle, France, to validate this new process at an industrial scale. Solvay operates joint laboratories with multiple establishments, including the French National Center for Scientific Research (CNRS), the University of Bordeaux, ENS Lyon, ECNU Shanghai, the University of Fudan, and the University of Lille. These units are responsible for managing the company's R&D activities and fostering collaboration in scientific research. As of December 2024, Solvay had six R&D centers and filed 601 patents and trademarks. The company has established major technology alliances with institutions such as CNRS, the University of Bordeaux, ENS Lyon, ECNU Shanghai, the University of Fudan, and the University of Lille. In FY2024, Solvay SA spent EUR34 million in R&D, which as a percentage of sales, stood at 1%.
Business Segments
Overview
It includes the manufacturing of products related, which act as a chemical intermediate. Products include soda ash, sodium bicarbonate, and peroxides. Industries served include building and construction, consumer goods, and food. The segment's capital expenditure stood at EUR234 million in FY2024, which decreased 20.4% YoY.
Performance
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Overview
It comprises corporate and other business services, such as the company's research and innovation. In FY2024, the segment's capital expenditure stood at EUR31 million in FY2024, which decreased 11.4% YoY.
Performance
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Overview
It manufactures and sells silica and derivatives; fluorine and rare-earth formulations; phenols and derivatives; polyamide derivatives; high-performance and bio-based solvents; functional and sustainable yarns and polymers. Products find applications in home and personal care, feed and food, automotive, electronics, agrochemicals, construction, paintings, hygiene, and home care, among others. The segment's capital expenditure stood at EUR90 million in FY2024, which decreased 25.6% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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