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504 Carnegie Center , Princeton, NJ, 08540, US
Plan is to build the plant in Neom, Saudi Arabia by 2030.
By: DAVID SAVASTANO
Aims to establish itself as a leading industry benchmark in essential chemicals, setting high standards in decarbonization and social responsibility.
Will partner for the advanced materials & additives market in EMEA.
Solvay’s research, innovation and administration activities will relocate to meet the Group’s evolving needs.
EssentialCo to be an essential chemicals leader including additives with resilient cash generation.
The business will be integrated into the Performance Materials and Monomers divisions of BASF.
By: Anthony Locicero
Thomas Papasso worked for Orion Engineered Carbons and Evonik, and most recently for Solvay.
This transaction is targeted to close by the end of 2019.
The divestment process started in Q4 2018.
BASF offered commitments to meet concerns of the EU Commission.
Honors European scientists who have been long-standing pioneers in the field of colloids and interfaces.
Solvay registered 403 dossiers, taking the total to 854 dossiers since REACH entered into force in 2007.
The purchase price on a cash and debt-free basis would be €1.6 billion.
Has worked at Siegwerk, DuPont Performance Coatings, Lanxess, Rockwood and Solvay.
Acquisition will be incorporated into the ELANTAS Electrical Insulation division.
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