Solvay optimize soda ash business

Solvay to optimize soda ash business

4:47 AM, 19th December 2012
Solvay to optimize soda ash business
Solvay headquarters.

BRUSSELS, BELGIUM: Solvay announced the decision to proceed with the optimization of its global industrial footprint. The Group’s strategic intent is to reinforce its positioning by adjusting its production capacities in line with differentiated market dynamics and cost-competitiveness considerations. This will allow Solvay to improve the profitability and the cash generation potential of its soda ash business.

Demand for soda ash in emerging markets, North America, Eastern Europe and Middle East remains satisfactory while Western and Southern Europe are confronted with challenging conditions of long-lasting poor demand and overcapacity. In the European market, Solvay will continue to reinforce the competitiveness of its synthetic-based soda ash plants by leveraging operational excellence, energy efficiency and maintenance effectiveness.

“These contrasting macroeconomic patterns call for a regional adjustment. As a leading market player, we are determined to adjust our business and align our supply to the demand in the market, namely in the South of Europe and the Mediterranean area,” explained Pascal Juery, President, Essential Chemicals Global Business Unit, Solvay.

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