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Solvay in the United States - Trends-Tendances on PC

Solvay sets foot in the United States – Trends-Tendances sur PC

Last Thursday, Solvay announced quarterly results beyond expectations and a 30% increase in turnover. Net profit thus increased by 86.1% compared to the same period last year, to 509 million euros.

These good results can be explained by sustained demand on the group’s markets but also by the rise in prices that it dictated in key sectors such as the automobile and aviation.

These good results can be explained by sustained demand on the group’s markets but also by the rise in prices that it dictated in key sectors such as the automobile and aviation. In the process, Solvay announced the creation of a joint venture in the United States with Orbia, a Mexican petrochemical giant and specialist in basic materials. The two partners will create a mega-factory intended to produce one of the essential components of lithium-ion batteries. A project at 850 million euros which will benefit from the Biden plan against global warming, one of the components of which aims to fight against American dependence on Asian battery manufacturers. Benefiting from a $178 million grant from the Department of Energy, Orbia and Solvay will build the largest polyvinylidene fluoride production site in North America in the southeastern United States. This polymer is used as a binder and coating in batteries for electric vehicles.

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