Solvay: New Business Unit Specialty Polymers
Solvay Advanced Polymers, Solvay Padanaplast, Solvay Solexis and SolVin PVDC are integrating their activities to act in future as a single, global business enterprise: Solvay Specialty Polymers.
The Global Business Unit, a specialty unit of Solvay Group, which represents approximately 15% of the Group’s total sales (approximately EUR 1.1 billion in 2010), will leverage the strengths from each business to secure its position as the benchmark for discovering, developing and delivering high-performance specialty polymers that meet the challenges facing society, today and in the future. Headquartered in Bollate, Italy, its activities employ over 2500 people across 26 locations throughout North and South America, Asia and Europe. The unit will strengthen its RD&T competencies through a reinvestment of 6% of its sales.
Solvay Specialty Polymers expects its transformation to be complete by the end of 2011.
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