Solvay streamlines acetate tow production to bolster efficiency and returns
Freiburg, October 16, 2014--- Solvay Acetow will streamline its acetate tow capacity to enhance production efficiency and returns, closing two of its smaller, less competitive workshops in Germany and in Brazil.
These two Rhodia® Filter Tow workshops in Solvay’s plant in Freiburg, Germany and in Santo André, Brazil, no longer meet Solvay’s demanding energy-saving targets and will be closed by the end of 2014.
As part of Solvay’s dynamic management of assets and drive for operational excellence, the Group focuses on enhancing the high-quality standards of its modern energy-efficient sites in Germany, Brazil and Russia, thereby securing its global competitiveness.
Solvay Acetow remains committed to these Rhodia® Filter Tow production facilities and to its customers and will guarantee, in line with market developments, the continuous supplies of its products and services through its worldwide network of plants.
SOLVAY ACETOW is a cellulose acetate tow leader in filtration applications for consumer goods as well as in plastic and textile. Acetow is a worldwide producer with five production sites and has almost a century of experience in his core competence acetylation. Its innovation strategy is based on two pillars: improving core business and diversification.
As an international chemical group, SOLVAY assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aeronautics or electricity and electronics, with one goal: to raise the performance of its clients and improve society's quality of life. The group is headquartered in Brussels, employs about 29,400 people in 56 countries and generated 9.9 billion euros in net sales in 2013. Solvay SA is listed as SOLB.BE on NYSE Euronext in Brussels and Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR).