Solvay
The Solvay Group, founded in 1863 by two brothers in Brussels, is today one of the leading global chemical companies, with about 29,000 employees in 55 countries and consolidated sales of 12.7 billion euros in 2011.
Solvay’s strategy has been characterized by continued international expansion and product portfolio diversification, while maintaining a strong focus on innovation and sustainability.
The group’s governance is family-controlled, with Solvac SA holding 30 percent of the capital.
In recent years, Solvay has undertaken major strategic transformations, including the sale of the pharmaceutical business in 2009 and the acquisition of the French chemical group Rhodia in 2011.
These transactions enabled reinvestment in sustainable chemistry and consolidated Solvay’s position as a leader in specialty chemicals.
The “Horizon” project, initiated with the support of McKinsey, defined the group’s strategy for the next 25-30 years, focusing on sustainability and technological innovation.
The group’s new organization includes a division into Global Business Units (GBUs) and Regional Business Units (RBUs), with headquarters located near major markets.
Solvay continuously invests in research and development, maintaining global leadership in areas such as specialty polymers and high-performance materials.
Social responsibility and concern for local communities are an integral part of Solvay’s corporate culture, which aims to add value through sustainable and innovative practices.