Solvay to increase prices of Hydrogen Peroxide
Brussels, July 9th, 2018 --- Solvay raises prices by 130 € per dry metric ton in Europe for all hydrogen peroxide grades and derivates from September 1st, 2018. This change is due to the exceptional increase of key raw materials & utilities prices, in combination with a worldwide demand exceeding our current capacity. All existing contracts remain honored. The price movement will allow Solvay to continue to serve customers in a secure and reliable manner.
Solvay Peroxides is a worldwide market and technology leader in Hydrogen Peroxide. Providing functional qualities such as bleaching, oxidation or disinfection, it delivers innovative products and tailored services to the pulp, chemicals, aquaculture, food, mining, waste water treatment, home care and textile industries. SOLVAY PEROXIDES operates 19 plants in North and South America, Europe & Middle East, Asia and Australia. It runs the world’s biggest Hydrogen Peroxide plant in Map Ta Phut (Thailand). With its JV partner Peróxidos do Brasil, Solvay Peroxides is developing a new plant concept, myH2O2®, especially designed for installation at customer sites in remote locations. Innovation capacity and agility are two of GBU Peroxides’ strengths.
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.