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Thursday, 5 October 2017

Solvay raises global sulfone polymer production with new Indian unit and U.S. expansions

Solvay S.A.    

Published: 07:30 CEST 05-10-2017 /GlobeNewswire /Source: Solvay S.A. / : SOLB /ISIN: BE0003470755

Solvay raises global sulfone polymer production with new Indian unit and U.S. expansions

 

Brussels, October 5, 2017 --- Solvay is expanding its global production capacity in sulfone polymers in India and the United States to address significant demand growth from mainly the medical and water treatment industries for this high-performance thermoplastic material.

 

As part of Solvay's earlier announced plan to lift sulfone polymers capacity by more than 35% in the next 5 years. Solvay is constructing a new production unit, dedicated to polyethersulfone (PESU) in Panoli, India. Capacity increases are also occurring in the U.S. at Solvay's polymer and monomer units in Marietta (Ohio) and Augusta (Georgia), via investment and process optimizations.


"Solvay's expansion firms up our leading position in sulfone polymers which benefit from booming demand in fast-growing industries such as water purification and healthcare," said Augusto Di Donfrancesco, President of Solvay's
Specialty Polymers Global Business Unit. "Our customers can rely on us for their long term supply worldwide from such key regions as the United States and Asia."

 

Construction of the new unit in Panoli is underway and production should reach full capacity mid 2019.

 

Solvay's sulfone polymers Radel® PPSU (polyphenylsulfone), Veradel® PESU (polyethersulfone) and Udel® PSU (polysulfone) are applied in a range of highly competitive industries, such as aerospace, automotive, water and electronics as well as consumer and construction markets.

 

 

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Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability. Its lightweighting materials enhance 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 27,000 employees in 58 countries. Net sales were € 10.9 billion in 2016, with 90% from activities where Solvay ranks among the world's top 3 leaders. 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.

 

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This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Solvay S.A., Rue de Ransbeek, 310, Bruxelles B-1120, Belgique
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