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Solvay SA (SOLB.BR)

SOLB.BR on Brussels Stock Exchange

66.70EUR
3 Aug 2020
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Latest Key Developments (Source: Significant Developments)

Solvay Partners With UbiQD
Monday, 6 Jul 2020 

July 6 (Reuters) - SOLVAY SA ::UBIQD AND SOLVAY ANNOUNCE GREENHOUSE TECHNOLOGY DEVELOPMENT PARTNERSHIP.COOPERATION FOCUSES ON DEVELOPING AND COMMERCIALIZING NEXT-GENERATION QUANTUM DOT-BASED SPECIALTY AGRICULTURAL FILMS FOR GREENHOUSE COVERINGS.  Full Article

Solvay To Increase Soda Ash And Bicarbonate Production Capacity
Tuesday, 24 Sep 2019 

Sept 24 (Reuters) - SOLVAY SA ::REG-SOLVAY INCREASES ITS SODA ASH AND BICARBONATE PRODUCTION CAPACITY TO ADDRESS GLOBAL DEMAND GROWTH.COMBINED INVESTMENTS TOTAL EUR 185 MLN, SPREAD OVER NEXT THREE YEARS.600 KILOTONNES INVESTMENT WILL LEVERAGE ON EXISTING INFRASTRUCTURE AND IS SPREAD OVER NEXT THREE YEARS.NEW PRODUCTION LINE IS EXPECTED TO BE OPERATIONAL BY END OF 2020.  Full Article

Solvay Expands Its Aerospace Thermoplastic Composites Capacity In U.S.
Monday, 23 Sep 2019 

Sept 23 (Reuters) - SOLVAY ::REG-SOLVAY EXPANDS ITS AEROSPACE THERMOPLASTIC COMPOSITES CAPACITY IN THE US TO MEET STRONG DEMAND.NEW PRODUCTION LINE AT ITS U.S. FACILITY IN ANAHEIM, CALIFORNIA.  Full Article

Calix Says Solvay Joined Leilac Project Consortium
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - Calix Ltd ::SOLVAY JOINED LEILAC PROJECT CONSORTIUM.  Full Article

Solvay Places Bonds For 600 Million Euros
Friday, 30 Aug 2019 

Aug 30 (Reuters) - SOLVAY ::REG-SOLVAY PLACES BONDS FOR AN AGGREGATE NOMINAL AMOUNT OF €600 MILLION AND ANNOUNCES ITS INTENTION TO REDEEM THE OUTSTANDING US$800 MILLION NOTES DUE 2020 ISSUED BY SOLVAY FINANCE (AMERICA), LLC.PLACED SENIOR FIXED RATE BONDS FOR AN AGGREGATE NOMINAL AMOUNT OF EUR 600 MILLION PAYING A COUPON OF 0.5% AND HAVING ITS MATURITY DATE IN SEPTEMBER 2029.NOTES ARE EXPECTED TO BE LISTED AND ADMITTED TO TRADING ON REGULATED MARKET OF LUXEMBOURG STOCK EXCHANGE.  Full Article

BASF To Acquire Solvay's PA6.6 Global, Non-European Business
Friday, 16 Aug 2019 

Aug 16 (Reuters) - BASF SE ::BASF, SOLVAY AND DOMO CHEMICALS REACH AGREEMENT ON ACQUISITION OF SOLVAY’S POLYAMIDE BUSINESS.BASF, SOLVAY AND DOMO CHEMICALS AGREED THAT DOMO WILL ACQUIRE THE EUROPEAN PA6.6 BUSINESS FROM SOLVAY.TRANSACTION IS TARGETED TO CLOSE BY THE END OF 2019.BASF WILL ACQUIRE THE GLOBAL, NON-EUROPEAN PA6.6 BUSINESS FROM SOLVAY INCLUDING ITS 50% SHARE IN BUTACHIMIE’S ADIPODINITRILE (ADN) PRODUCTION ACCORDING TO THE AGREEMENT SIGNED IN SEPTEMBER 2017.PURCHASE PRICE TO BE PAID BY BASF ON A CASH AND DEBT-FREE BASIS WOULD AMOUNT TO €1.3 BILLION.AT CLOSING, APPROXIMATELY 700 SOLVAY EMPLOYEES WILL MOVE TO BASF.IN FRANCE, BASF AND DOMO WILL ALSO ENTER INTO A JOINT VENTURE TO PRODUCE ADIPIC ACID.BASF IS PLANNING TO INTEGRATE THE BUSINESSES INTO ITS MONOMERS AND PERFORMANCE MATERIALS DIVISIONS.  Full Article

Solvay Q2 Underlying EBITDA Down At 624 Million Euros
Wednesday, 31 Jul 2019 

July 31 (Reuters) - SOLVAY ::Q2 UNDERLYING NET SALES EUR 2.65 BILLION VERSUS EUR 2.60 BILLION YEAR AGO.2019 FULL YEAR OUTLOOK CONFIRMED.Q2 UNDERLYING EBITDA EUR 624 MILLION VERSUS EUR 643 MILLION YEAR AGO.FREE CASH FLOW TO SOLVAY SHAREHOLDERS TURNED POSITIVE TO EUR 33 MILLION IN H1.Q2 UNDERLYING PROFIT ATTRIBUTABLE TO SOLVAY SHAREHOLDERS EUR 318 MILLION VERSUS EUR 337 MILLION YEAR AGO.FREE CASH FLOW TO SOLVAY SHAREHOLDERS TURNED POSITIVE TO €33 MILLION IN H1.  Full Article

Solvay To Increase Capacity Of Hydrogen Peroxide Plants In Europe
Tuesday, 9 Jul 2019 

July 9 (Reuters) - SOLVAY ::TO INCREASE CAPACITY OF HYDROGEN PEROXIDE PLANTS IN EUROPE TO MEET MARKET DEMAND.FURTHER EXPANSIONS OF CAPACITY ARE PLANNED IN BERNBURG (GERMANY) AND VOIKKAA (FINLAND).DEBOTTLENECKING AT ITS HYDROGEN PEROXIDE PLANT IN JEMEPPE-SUR-SAMBRE (BELGIUM) ALLOWING AN INCREASE OF H2O2 PRODUCTION.  Full Article

Solvay Exercises First Call Option On EUR 700 Million Hybrid Bond
Wednesday, 3 Apr 2019 

April 3 (Reuters) - SOLVAY ::SOLVAY EXERCISES FIRST CALL OPTION ON A EUR 700 MILLION HYBRID BOND.REPAYMENT IS DUE ON MAY 12, 2019 AT END OF FIRST 5.5 YEARS.  Full Article

Solvac FY Net Profits Increase 4.6 Pct YoY In 2018
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - SOLVAC SA ::REG-SOLVAC: INCREASE IN NET PROFITS OF 4.6% COMPARED TO 2017.GROSS DIVIDEND OF SOLVAY REACHES EUR 3.75 FOR FISCAL YEAR 2018, UP TO 4.2 %..FY OPERATING LOSS EUR 1.4 MILLION VERSUS LOSS OF EUR 1.2 MILLION YEAR AGO.FY CASH INCOME EUR 111.8 MILLION VERSUS EUR 106.7 MILLION YEAR AGO.FY NET INCOME EUR 265.1 MILLION VERSUS EUR 328.4 MILLION YEAR AGO.  Full Article

UPDATE 1-Solvay Q2 earnings fall less than expected

BRUSSELS, July 29 Belgian chemicals group Solvay reported a smaller than expected fall in second-quarter earnings on Wednesday, thanks to cost-saving measures that accelerated due to the COVID-19 pandemic and some higher prices.