First Half Year 2020
How did Solvay perform in the first half of 2020?
July 29, 2020 - Solvay began to feel the significant impact from the COVID-19 pandemic in the second quarter, with headwinds from aero, auto, oil & gas, and construction markets impacting volumes since April. Other markets were resilient, such as healthcare, agro/food, home & personal care and electronics.
We quickly adapted our organization to manage through the short-term challenges and focused our priorities on managing COSTS while driving CASH generation. We welcome this result considering the unprecedented times we are all facing, and keep working on best positioning Solvay to return to growth when the markets start to normalize.