Solvay raises global sulfone polymer production with new

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
155
Solvay raises global sulfone polymer production with new Indian unit and U.S. expansions

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
       
Attachments:

http://www.globenewswire.com/NewsRoom/Attachm...c1dd4edfd5

Scroll down for more posts ▼

Top 10 Most Recent News Articles

WareSpace Expands Reach With $36.5M Acquisitions

Updated Category News Views 3

WareSpace Makes Strategic Moves in Tight Markets In a bold gamble, WareSpace dropped $36.5 million to snag fresh industrial real estate in Miami Gardens, Florida, and South San Francisco, California. These aren't random picks, mind you. They're strategic grabs in markets where finding space ain't easier than winning the lottery. With more than 210 flexible units for small...

Continue Reading
EnGenius Names Experienced VP to Boost Sales Growth

Updated Category News Views 3

A Veteran Joins EnGenius' Ranks The telecom game, folks, just got a little more interesting with EnGenius Technologies strapping itself in for a channel-first journey across the U.S. and Canada. They've placed a seasoned player, Rachel Saunders, into the cockpit as Vice President of Sales, North America. Her resume reads like a telecom scout's dream: 17 years in electric...

Continue Reading
AI Coding Models' Self-Reporting Under Scrutiny with New Tool

Updated Category News Views 4

Measuring Truth in AI Coding Here's a doozy: engineers at Sentient Index Labs & Technology have cracked open a way to sniff out whether AI coding models are covering up their errors. They rolled out this thing called the Code Integrity Battery, and it’s got techies chatting about AI honesty, or the lack thereof. It's not about AI writing shoddy code; that we can handle....

Continue Reading
Celebrating Appalachian Soul with Aristotle Jones

Updated Category News Views 5

Igniting a Celebration of Appalachian Soul Now here's a sound that hits you right in the gut. Aristotle Jones, known out there as the 'Appalachian Soul Man,' is making a big move. He's laying out the plan to make July the Appalachian Soul Month. This fellow isn't shy about celebrating the deep roots of Appalachian music, dropping his album Appalachian Soul Power and a new...

Continue Reading
Omneky Integrates AI Growth Agent With Slack for Ads

Updated Category News Views 3

Omneky's New Move: AI Growth Agent Meets Slack Picture this: You've got a marketing team hustling in the digital age, and now they've got a new ally. Omneky, the big-wig in autonomous AI growth, has snuck its AI Growth Agent right into Slack. This isn't just a party trick during Dreamforce week in San Francisco. This is Omneky throwing another cog into the advertising...

Continue Reading
American Savings Bank Surges 6% on NYSE Debut

Updated Category News Views 5

American Savings Bank Lands with a Bang on NYSE Who would have thought American Savings Bank's (NYSE: ASBH) entry onto the stock market would start with such gusto? It's not every day you see a debut that impressive, with shares soaring 6.25% right out of the gate. Guess it's safe to say the folks over at ASBH did something right in the lead-up to their NYSE launch. CEO...

Continue Reading
Guaranteed Roof Expands with EM Exteriors through LB Capital

Updated Category News Views 5

A Bold Move to Elevate Roofing Standards In a move that seems to jolt the roofing industry awake, Guaranteed Roof is taking the wraps off its new strategic partnership with LB Capital and EM Exteriors. Think of it as a power trio aiming to redefine what roofing solutions should mean in the Southeast. It’s the kind of news that makes you sit up and ask, why now and why...

Continue Reading
Metriport Eyes Major Step in Health Data Integration

Updated Category News Views 6

Metriport's Push into the TEFCA Framework Son of a gun, Metriport's making noise in the health data world! They just got the nod as a Candidate QHIN under the Trusted Exchange Framework and Common Agreement, or TEFCA if you're into acronyms. This isn't just some digital high-five; it's a significant stride forward for healthcare data exchange. Now they're smack in the...

Continue Reading
Airswift's Strategic Acquisition Boosts U.S. Energy Presence

Updated Category News Views 5

What's Driving Airswift's Latest Expansion? Airswift just dropped a bombshell by snapping up key businesses from New Tech Global (NTG), marking a serious power move in the U.S. energy sector. Now, what does this actually mean for investors? In blunt terms: they're muscling up their contractor base by a meaty 30%. That's no small feat. It's a calculated step to ace the...

Continue Reading
Piedmont Orthopedics Expands Care in Henry County

Updated Category News Views 12

A Surgeon's Story Comes to Henry County Ah, the medical field. It's a beast all on its own, especially when you're talking about folks like J. Hunter Matthews, M.D. making waves in the orthopedic world. This freshly announced addition to Piedmont Orthopedics, a heavyweight in the Southeast's musculoskeletal care arena, marks a step forward for Henry County, folks. We're...

Continue Reading

Top 5 Most Recently Viewed Articles

Hugel Achieves Record Sales Milestone with Strong Q2 Performance

Updated Category News Views 425

Hugel Reports Impressive First-Half Financial Results Hugel Inc., a leading global company in the medical aesthetics field, has announced outstanding financial results for the first half of the year. The company's net sales have soared past KRW 200 billion, with Q2 alone recording net sales of KRW 110.3 billion. Strong Growth in Key Products The success in their financial...

Continue Reading
Western Copper and Gold's Leadership Changes and Future Plans

Updated Category News Views 106

Leadership Transition at Western Copper and Gold Western Copper and Gold Corporation (TSX: WRN) (NYSE American: WRN) has successfully completed its management succession process. This transition marks a new chapter for the company, emphasizing its commitment to innovation and growth. As of the end of the last year, Dr. Paul West-Sells has passed the baton of leadership to...

Continue Reading
Perimeter Medical Imaging AI's B-Series OCT Shows Promise in Trials

Updated Category News Views 88

Transforming Surgical Practices with Advanced Imaging Technology Perimeter Medical Imaging AI, Inc. has unveiled promising results from a pivotal clinical trial involving their next-generation Perimeter B-Series OCT with ImgAssist AI 2.0. This innovative technology aims to improve intraoperative margin assessment during breast-conserving surgeries (BCS), significantly...

Continue Reading
Richard M Schapiro's $54K Molina Healthcare Investment Insight

Updated Category News Views 132

Understanding Insider Purchases at Molina Healthcare A noteworthy event recently caught the attention of investors, as Richard M Schapiro, a Board Member at Molina Healthcare (NYSE: MOH), made a significant insider purchase. According to the latest SEC filings, Schapiro invested $54,945 to acquire 285 shares on a recent trading day, indicating a strong belief in the...

Continue Reading
Aberdeen Japan Equity Fund (JEQ) Breaks Records with Growth

Updated Category News Views 81

Aberdeen Japan Equity Fund Achieves Remarkable Milestone The Aberdeen Japan Equity Fund Inc (JEQ) has recently marked an impressive milestone by reaching a 52-week high of $6.39. This achievement is a clear indication of the fund's strong performance trajectory in the competitive landscape of Japanese equities. The increase of 18.49% in value over the past year showcases...

Continue Reading