The world leading European chemicals giant – Solvay Chemicals is 150 year old Belgian company which has pioneered various chemical innovations and processes in its time and for future the company has also fanatical to an enormous projects. The founder of Solvay Ernest Gaston Solvay had developed and patented a process for manufacturing soda ash using seawater, ammonia and carbolic acid. The Solvay group which the European Chemicals giant had astoundingly kept hold of its manufacturing secrets even after surviving from two world wars and is now headquartered in Brussels.
Ernest Gaston Solvay had set up his first plant in Charleroi, the Belgian town that Ryanair made eminent when it called it Brussels and within few decades, the company gradually expanded into other countries such as UK, Germany, Russia and USA. In the early 1950s, the company had resumed its worldwide expansion and in the present day it has global revenue of Euro 10 billion with 70 plants worldwide, a presence in 55 countries, 29,000 employees and 13 major global R&D centers with 2,000 researchers and registered 500 patents in the past three years.
In 2008, deprived by the pharmaceutical business the company now focus on producing chemical and plastic like soda ash, peroxide, silica, food and flagrance, flavours and many others. Moreover, in next two years the company will invest BNG 55 millions for a new distiller in Devnia based in Bulgaria. The Devnia plant is the largest of its kind in Europe and the construction of new distillery will be noted as the largest soda ash plant of Europe which will considerably reduce the production costs, consume less steam and emit less CO2. Almost 90% of its production is being used for exportation.
The year 2013 for Solvay Chemicals had showed a mixed one with sales of Euro 10 billion and operating profit of Euro 1.6 billion, as its turnover and operating profit had slightly plummeted. In May 2013 the European chemical giant had announced a joint venture with Swiss based Ineos Group. In November 2013, the European Commission commenced a thorough investigation into the proposed 50-50 deal, where the two the chemical giants Solvay SA and Ineos Group AG had offered to sell a number of plants across Europe which they said would create the third largest chorvinyls business in the world.
Furthermore, in Asian and pacific region the sales surged to 6pc to almost 30pc of group sales and in India and consolidation in China and Thailand, the presence of the company was being enhanced with an increasing capacity. Today upto two-fifth of the company sales is in the high-growth countries and one-third of its workforces. Moreover in the countries like Russia, China, India and South Korea, half of the Solvay investments are now being commenced.
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