Solvay
2019 Annual Integrated Report

2019 at a glance

10 Highlights of 2019

Solvay opened a new chapter in 2019. We welcomed our new CEO and took major steps forward to unleash the Group’s full potential: we unveiled our Purpose, introduced a new G.R.O.W. strategy and sustainability goals along with a new operating model. Meanwhile we continued to strengthen our strategic businesses, pushing ahead on collaboration with our customers, and expanding on new high-potential markets. Here is a selection of ten highlights of the year.

1

Ilham Kadri, Solvay’s new CEO

Ilham Kadri’s arrival gave a new impetus to the Group’s transformation to unleash its full potential. She began by listening to employees, managers and stakeholders around the world, their insights forming the foundation for our Purpose and Vision and for an in-depth strategic review.

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2

Solvay and Safran raise the temperature

Solvay strengthened its collaboration with Safran through a long-term agreement to supply high temperature composites and adhesives for several critical engine components. We also extended our supply agreement on demanding applications for the LEAP Engine.

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3

Improving competitiveness in soda ash and bicarbonate businesses

Solvay decided to develop 1.4 million tons capacity in soda ash and sodium bicarbonate to meet customers’ growing needs while improving energy efficiency and advancing energy transition projects at its sites to reduce CO2 footprint.

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4

Speeding up the development of thermoplastic composites

Solvay opened two dedicated thermoplastic composites (TPC) innovation centers in the US and Europe to speed up the development of these materials. The Group opened a production line in California to help meeting aerospace customers’ growing demand for our unique proprietary TPC technology.

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5

Launching our G.R.O.W. strategy

Our G.R.O.W. strategy will drive growth, cash and high return investments. Based on distinct business mandates with capital and resources discipline, and enabled by our new operating model, it will help us serve and innovate with our customers more effectively.

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6

Meeting booming demand in lithium batteries

Solvay is reinforcing its leadership in the lithium-ion battery market by more than doubling its production capacity of high-performance polymer Solef® PVDF at its site in Changshu, China. This investment in high-growth sustainable solutions supports our G.R.O.W. strategy.

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7

Seven Solvay products awarded the Efficient Solutions labels

The World Alliance for Efficient Solutions created by the Solar Impulse Foundation recognized the value of seven Solvay products as sustainable (and profitable) solutions for a cleaner environment.

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8

Unveiling our Purpose

We bond people, ideas and elements to reinvent progress. Inspired by insights from our teams, our Purpose expresses the connection, collaboration, innovation and progress inherited from our founder, and embodies our Vision to create shared, sustainable value for all.

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9

Ten goals focused on climate, resources and better life

An integral element of the Group’s G.R.O.W. strategy, our new 2030 sustainability program, Solvay ONE Planet, is aligned with Solvay’s Purpose. Ten goals will help us improve our impact on climate, resources and better life.

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10

Carolyn Bertozzi, Chemist of the Future

Professor Carolyn Bertozzi of Stanford University won our 2020 Chemistry of the Future prize for her invention of bioorthogonal chemical reactions performed in living cells and organisms. This will ultimately help diagnose and treat cancer as well as infectious diseases.

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