Solvay acquires large-tow carbon fiber precursor manufacturer
Alpharetta GA, USA, Nov. 7, 2017 ---Solvay completed the acquisition of European Carbon Fiber GmbH (“ECF”), a German producer of high-quality “precursor” for large-tow (50K) polyacrylonitrile (PAN) carbon fibers. With this acquisition, Solvay is building the foundations to lead the adoption of composites in automotive applications, to serve select industrial markets, and to support the potential adoption of large-tow fibers in aerospace.
“The strategic acquisition of ECF enables Solvay to develop a portfolio of large-tow carbon fibers to complement our existing range of pitch and PAN aerospace grade carbon fibers. This comprehensive portfolio will place Solvay as a key supplier to the aerospace, automotive and industrial markets going forward. Thanks to this acquisition Solvay will leverage its polymers and materials science competencies to drive breakthrough innovation in large-tow carbon fibers,”said Carmelo Lo Faro, President of Solvay’s Composite Materials Global Business Unit (GBU).
Vertical integration into large-tow carbon fiber technology will position Solvay to ensure cost effective long-term security of supply to its customers.
Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability. Its lightweighting materials enhance cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 27,000 employees in 58 countries. Net sales were € 10.9 billion in 2016, with 90% from activities where Solvay ranks among the world’s top 3 leaders. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program.