Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Belgium
  4. Euronext Bruxelles
  5. Solvay SA
  6. News
  7. Summary
    SOLB   BE0003470755

SOLVAY SA

(SOLB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Solvay : adds new thermoplastic composite capacity in the United States

09/16/2021 | 09:05am EST

Solvay adds new thermoplastic composite capacity in the United States

A key driver for the world-class facility based in Greenville is growing demand from energy companies, supported by increasing aerospace and automotive demand

Greenville, September 16, 2021 --- Solvay announced today the installation completion of its new thermoplastic composites (TPC) manufacturing facility at its Greenville, South Carolina site. At full production capacity, the new line will add more than 30 positions at the 27,000-square-foot facility.

The project represents a major milestone in Solvay’s efforts to industrialize its TPC capacity. A key driver for the world-class facility is growing demand from energy companies, supported by increasing aerospace and automotive demand. The new product line will have the ability to manufacture unidirectional composite tape from a range of high-performance polymers including PVDF, PPS and PEEK.

“The TPC solutions that will be manufactured in our Greenville facility will help our energy, aerospace and automotive customers achieve better environmental responsibility by making cars and planes lighter, thereby reducing emissions,” said Mike Finelli, president of Solvay’s growth platforms. “Our new capacity and differentiated technologies will allow us to expand with our customers as TPCs gain momentum in a growing number of applications and play an important role in the energy transition.”

The Greenville facility is part of a series of recent strategic investments in line with the Group’s commitment to build the infrastructure required for the growing TPC market. Other recent commitments to the industry include Solvay’s addition of capacity for TPC tape in Anaheim (CA), two new R&I centers in Brussels (BE) and Alpharetta (GA), and Solvay’s membership in the TPRC consortium.

“Solvay’s expansion is yet another example of the unparalleled success companies are finding in South Carolina. We thank Solvay for their continued partnership with our state and look forward to their future growth in Greenville County and beyond,” said South Carolina Governor Henry McMaster.

Upon commercialization of the Greenville facility, Solvay will be uniquely positioned with proprietary technologies enabling the company to position the right product for the right application. Solvay’s TPC portfolio includes Evolite, which offers reliability and lower total cost of ownership in markets such as energy and automotive, and APC tapes, which offer significant weight and cost advantages in aerospace and urban air mobility applications.

Safe harbor

This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

Attachment


© OMX, source GlobeNewswire - EU Press Releases

All news about SOLVAY SA
05:13pBrazil's Unipar to receive $80 million deal settlement from Belgium's Solvay
RE
11/30Solvay Gets EPA Approval for Actizone F5 Disinfectant
DJ
11/30Not intended for U.S. Media – Solvay announces results of its tender offer to pur..
AQ
11/16Solvay Launches Reactsurf(R) 0092 Reactive Waterborne Emulsifier for Solid Epoxy Resin ..
CI
10/28GLOBAL MARKETS LIVE : Airbus, Hershey, Volkswagen, Facebook, Exxon Mobil....
10/28Solvay to invest 2 billion euros to reach carbon neutrality by 2050
RE
10/28Solvay SA Reports Earnings Results for the Third Quarter and Nine Months Ended Septembe..
CI
10/28Solvay SA Reports Earnings Results for the Third Quarter and Nine Months Ended Septembe..
CI
10/28Solvay Allocates $2.3 Billion To Reach Carbon Neutrality Before 2050
MT
10/28Solvay Beat Expectations With Rising Profit, Revenue in Third Quarter
DJ
More news
Analyst Recommendations on SOLVAY SA
More recommendations
Financials
Sales 2021 9 786 M 11 036 M 11 036 M
Net income 2021 739 M 834 M 834 M
Net Debt 2021 3 194 M 3 601 M 3 601 M
P/E ratio 2021 14,0x
Yield 2021 3,69%
Capitalization 10 713 M 12 042 M 12 080 M
EV / Sales 2021 1,42x
EV / Sales 2022 1,31x
Nbr of Employees 23 000
Free-Float 66,7%
Chart SOLVAY SA
Duration : Period :
Solvay SA Technical Analysis Chart | SOLB | BE0003470755 | MarketScreener
Technical analysis trends SOLVAY SA
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 103,85 €
Average target price 124,43 €
Spread / Average Target 19,8%
EPS Revisions
Managers and Directors
Ilham Kadri CEO & Non-Independent Director
Karim Hajjar Chief Financial Officer
Nicolas Jacques Boël Chairman
Philippe Warny Head-Research, Development & Technology
Hervé François André Coppens d'Eeckenbrugge Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SOLVAY SA5.65%11 907
SAUDI BASIC INDUSTRIES CORPORATION11.05%88 282
AIR LIQUIDE8.80%79 296
WANHUA CHEMICAL GROUP CO., LTD.9.29%48 095
GANFENG LITHIUM CO., LTD.50.20%33 158
LYONDELLBASELL INDUSTRIES N.V.-2.99%29 591