American Depositary Receipts (ADR) program for US investors
Making it easy for US investors to buy Solvay shares
As an investor living in the US, you may be interested in diversifying your portfolio and investing in European companies. Investing in ADRs or ADS makes it easier for you to do so. Solvay being well anchored in the U.S., we decided to offer investors with an easy access to Solvay stock: since 2016, Solvay shares can be bought as american depositary receipts (ADRs) on the OTC.
In 2019, OTC Markets invited Solvay to present its value proposition to ADR investors during a virtual conference. Jodi Allen, Solvay IR Manager in the US, presented the Group's latest developments, namely its new G.R.O.W. strategy. Watch the webcast:
Watch a short presentation of Solvay
What should U.S. investors know about Solvay?
Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that address key societal challenges. We are headquartered in Brussels (Belgium) with around 24,100 employees in 64 countries.
We innovate and partner with customers worldwide in many diverse end markets. Our products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Our lightweighting materials promote cleaner mobility, our formulations optimize the use of resources and our performance chemicals improve air and water quality.
Solvay net sales were €10.2 billion in 2019, with 90% from activities where we rank among the world’s top 3 leaders, resulting in an EBITDA margin of 23%.
Our transformation positioned the company to have a more balanced global approach, strengthening our position in the US. Approximately one third of our sales are destined to the US, and our top 5 customers list contains some big US brands. Our asset base has also expanded and the US is now the country which hosts the largest amount of our workforce.
Solvay, well anchored in the US
As of 2019, Solvay employs 6,175 people at 38 industrial sites in North America, with 7 Research and Innovation Centers and 3 corporate locations in Alpharetta (Georgia), Houston (Texas) and Princeton (New Jersey).
With the acquisition of the US company Cytec at the end of 2015, Solvay reinforced its place in the aerospace and automotive markets, enabling the group to develop new products and technologies that meet the requirements of the next generation of sustainable mobility.
In 2019, Solvay announced the creation of its first horizontal strategic platform to accelerate the development of thermoplastics composites and the expansion of these materials capacity with a new production line at its U.S. facility in Anaheim, California. These lightweighting materials help lower emissions of planes and cars as they replace metal parts and facilitate their design and integration. The expansion aims at meeting strong demand growth from aerospace customers for this high performance material and Solvay’s proprietary and unique technology.
While we do business, we are also committed to being a responsible player and to ensure we contribute to the planet and society’s welfare at large.
In 2018, Solvay ranked 9th in the country with the most solar capacity installed, according to a report of the Solar Energy Industries Association (SEIA). Solvay is the only manufacturing company to make the top 10 list, which includes companies such as Apple, Amazon and Target.
Solvay takes clean energy seriously, which is why we are committed to further reducing our CO2 footprint globally. Specifically in the US, Solvay is following a roadmap to expand the solar program from the current levels reported by SEIA to much higher levels of solar and other renewable resources.
Our local sites are also involved in the support of local communities, schools, sports and education programs. See some initiatives below:
Starting your own research about Solvay
Start with Solvay annual report and the annual shareholders’ guide: the documents will give you a general overview of what’s happening with our business and will provide context for the numbers in the report.
Additional information and analytical tools that can help you in the evaluation of our business are available on our website, such as financial filings, conference call transcripts and webcasts, quarterly earnings updates and recent news.