Solvay implements price adjustment for its polymer additives products
Saddle Brook, NJ - April 20, 2018– Solvay’s global business unit Technology Solutions announced today the implementation of a worldwide price adjustment of 8 to 12 percent across its polymer additives product portfolio. The adjustment is effective immediately and reflects rising raw material and transportation costs. The change will help Solvay ensure long-term reliability of supply and reinvest in its assets to support the sustainable growth of its customers.
For more details, please contact your local Solvay Technology Solutions sales or customer service representative.
About Solvay Technology Solutions
Solvay’s Technology Solutions GBU incorporates the Mining Solutions, Phosphorus Specialties, and Additive Technologies business lines. The combination of these businesses affords an opportunity for each business to maintain its unique leadership role while creating a strong, synergistic organization built with a team of experienced professionals focused on customer collaboration and intelligent innovation.
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.