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. Follow us on twitter @SolvayGroup 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. Media Relations Caroline Jacobs Amandine Grison Media Relations Media Relations +32 2 264 1530 +33 1 40 75 81 49 Investor Relations Kimberly Stewart Jodi Allen Geoffroy Raskin Bisser Alexandrov +32 2 264 3694 +1 9733573283 +32 2 264 1540 +32 2 264 3687 To read this press release in PDF ------------------------------------------------------------------------------ This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Solvay S.A. via Globenewswire
Solvay S.A.: Solvay raises global sulfone polymer production with new Indian unit and U.S. expansions
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