Creating two strong industry leaders
Power of 2 project
Solvay has been continually changing, transforming and reinventing for 160 years, but we have always remained true to our heritage of social responsibility and innovation excellence. Our Power of 2 project is the next bold chapter in our story: by separating Solvay into two independent, publicly listed companies, both of which are leaders in their respective fields, we would be able to unleash our full potential. We are on track to complete the separation by December 2023.
Creating two strong industry leaders
Two distinct groups of businesses emerged as we delivered our G.R.O.W. strategy and business optimizations three years ahead of schedule: Essential and Specialty chemicals. While both have bold ambitions and incredible potential, they have different – sometimes competing – needs, different operating requirements and different investment demands. The company would therefore be separated along the following lines:
EssentialCo
€5.5bn* 2022 net sales
EssentialCo would comprise the leading mono-technology businesses in the Solvay’s Chemicals segment, including Soda Ash, Peroxides, Silica and Coatis, and Special Chem.
SpecialtyCo
€7.8bn* 2022 net sales
SpecialtyCo would comprise Solvay’s Materials segment, including our Specialty Polymers and Composites businesses, our four Growth Platforms and the majority of Solvay’s Solutions segment, including Novecare, Technology Solutions, Aroma Performance, and Oil and Gas Solutions.
Educational webinar - Auto batteries
*estimate based on Solvay 2022 net sales
Speeches and presentations
Watch the manifesto of EssentialCo, an Essential Chemicals leader with resilient cash generation.
Watch the manifesto of SpecialtyCo, a pure-play Specialty leader with accelerated growth potential.
Ilham Kadri, CEO of Solvay, answered to 3 questions about the split into two companies.
Timetable
