Solvay S.A.

Solvay S.A. is a Belgian chemical company founded in 1863, with its head office in Neder-Over-Heembeek, Brussels, Belgium.

In 2014, it realized 10.21 billion € in revenues, 1.783 billion € of REBITDA, 43% of its sales in emerging high-growth countries, 90% of its sales in markets where it is ranked among the top three manufacturers. With 119 sites, Solvay employs 26,000 people in 52 countries.

History

Founded in 1863 by Ernest Solvay and his brother Alfred Solvay to produce sodium carbonate by the solvay process, the company has diversified into two major sectors of activity: chemicals and plastics. Before World War I, Solvay was the largest multination company in the world. It was formerly also active in pharmaceuticals, but agreed to sell that entire division to Abbott Labs for €4.5 billion in September 2009, a deal completed in February 2010.

In April 2011, the firm agreed to the €3.4 billion acquisition of French-based chemicals company Rhodia and achieved in September 2011.

Since January 2012, the new Solvay is listed on the NYSE Euronext in Paris and joined the CAC 40 index in September 2012 to replace PSA Peugeot Citroën. Solvay is historically listed on the NYSE Euronext in Brussels and part of BEL20 index.

Company

A company is an association or collection of individuals, whether natural persons, legal persons, or a mixture of both. Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms such as:

A company or association of persons can be created at law as legal person so that the company in itself can accept Limited liability for civil responsibility and taxation incurred as members perform (or fail) to discharge their duty within the publicly declared "birth certificate" or published policy.

Because companies are legal persons, they also may associate and register themselves as companies – often known as a corporate group. When the company closes it may need a "death certificate" to avoid further legal obligations.

Solvay

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