Solvay S.A. : Solvay increases global derivatized guar production
Brussels, February 11, 2013 --- Solvay announced that it has finalized
plans to increase its global derivatized guar production by 40 percent with
the completion of recent expansions in the USA and China. Derivatized guar is
a polymer produced froma bean grown mainly in India. Its inherent natural
properties make it an ideal bio-based solution for applications in the oil and
gas industry as a gelling agent, in hair care as a conditioner, and in
agrochemicals as an anti-drift formulation.
"These expansions represent a significant step in the execution of our 2016
growth ambition," Solvay Novecare President Emmanuel Butstraen said. "They
enhance our leadership position and will support the growth plans of our
customers and their innovation needs."
The expanded Vernon, Texas USA derivatized guar facility will serve Solvay's
customers in the dynamic North American oil and gas market. The increased
capacity at Solvay's Zhangjiagang, (Jiangsu province) China site will help its
home and personal care customers meet growing regional demand for high-end
hair care products. With a third facility in Melle, France, Solvay is the only
guar supplier with production capabilities in North America, Europe and Asia.
In addition, Novecare's leadership in processing technologies give it added
flexibility to meet its customers' individual product development needs.
Solvay also enjoys a 50-year joint venture partnership with an Indian-based
leader in guar gum and guar extracts, helping secure its raw material supply.
"With our expansion investments, global footprint and security of supply, we
are uniquely positioned to be the preferred provider for our customers,"
Novecare, one of Solvay's major Global Business Units generated net sales of
approximately €1.6 billion in 2011 and is a global leader in developing
surfactant, solvent and specialty polymer solutions. Serving the
agrochemicals, coatings, home and personal care, industrial, and oil and gas
markets, Novecare's technology platforms are built on leading positions in
surfactants, amines, phosphorus derivatives, natural & synthetic polymers and
monomers, and eco-friendly solvents.
SOLVAY is an international chemical Group committed to sustainable development
with a clear focus on innovation and operational excellence. It is realizing
over 90% of its sales in markets where it is among the top 3 global leaders.
Solvay offers a broad range of products that contribute to improving the
quality of life and the performance of its customers in markets such as
consumer goods, construction, automotive, energy, water and environment, and
electronics. The Group is headquartered in Brussels, employs about 31,000
people in 55 countries and generated EUR 12.7 billion in net sales in 2011
(pro forma). Solvay SA SOLB.BE) is listed on NYSE Euronext in Brussels and
Paris (Bloomberg: SOLB.BB - Reuters: SOLBt.BR).
Lamia Narcisse Erik de Leye Maria Alcon-Hidalgo Patrick Verelst
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Source: Solvay S.A. via Thomson Reuters ONE
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