Posted by Chemlink in Chemlink Updates | 0 comments
Solvay’s decision to launch Syensqo – a standalone company that will run its speciality activities – was announced at the beginning of December 2023 following an extraordinary meeting in which 99.53% of shareholders supported the separation.
Benefitting from Solvay’s unique legacy and expertise, Syensqo’s mission to achieve a more sustainable future begins with its commitment to innovation and to becoming carbon neutral by 2040.
Its CEO, Dr Ilham Kadri, released the following statement:
“This is a historical moment. This turning point highlights the recognition and success of the in-depth transformation of Solvay in the past 5 years. I want to thank all our shareholders, board members and teams for their trust, and for making this ambitious project come true. I also wish the new Solvay a very bright future.
“I am now pleased to start a new chapter as CEO of the new specialty company Syensqo to deliver growth through exploring the technologies of tomorrow, with a strong management team and board.
“Our new pure play company, one of the largest in the world, will benefit from the rich heritage of Solvay. In particular, in carrying on the spirit of innovation of its founder Ernest Solvay, as a true science company at the service of disruptive technologies in lightweighting, electrification, digitalization, resource efficiency and biomaterials.
“Syensqo’s mission is to strengthen our innovation power to support our customers’ needs and environmental ambitions while delivering growth, and to become carbon neutral by 2040.”
How will this demerger affect you?
We’ll continue to provide our clients with Solvay/Syensqo’s entire product range so please rest assured that this demerger shouldn’t negatively affect you or your formulations in any way. In the short term it’s business as usual, but we can’t wait to see what the future holds with Syensqo at the helm – it’s looking very bright indeed!
If you’d like to find out more about the launch or if you have any specific queries or concerns relating to your formulation requirements, please don’t hesitate to get in touch by giving us a call on 0161 6292129.