Solvay expects low Rhine water levels to affect its polyamides operations
Lyon, France, August 16, 2018 – Solvay expects its Polyamides activities to be temporarily impacted by the severe drop in water levels along the Rhine river following the persistent heat and drought in Central Europe.
The situation is affecting raw material supplies and is generating production losses of intermediates required for the company’s nylon and isocyanate chains. Solvay expects that it may not be able to honor all confirmed orders for adiponitrile (ADN), hexamethylene diamine (HMD), nylon salt and adipic acid (AA) as well as certain polyamide (PA) resins, fibers and compounds over the coming days and weeks.
Solvay is doing its utmost to mitigate the effects of this extreme climate event on its deliveries.
Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end markets. Its 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. Its lightweighting materials promote 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 26,800 employees in 61 countries. Net sales were €10.1 billion in 2017, with 90% from activities where Solvay ranks among the world’s top 3 leaders, resulting in an EBITDA margin of 22%. 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. Financial figures take into account the announced divestment of Polyamides.
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