2016 First Quarter Earnings Highlights
Performance driven by sustained pricing power and excellence programs : Solvay was pleased to present a good set of results for Q1 2016. The Group achieved solid pricing power for the ninth successive quarter, leading to a record EBITDA margin of 21%.
SI2: Solvay’s high-flying innovations grounded in daily applications
Nearly every single one of you has a piece of “Solar Impulse” in your daily life. The energy-efficient and lightweighting solutions that Solvay has provided for the world’s first zero-emissions aircraft can be found in computers, mobile phones, buildings and residences, automobiles, airplanes and more. Not only are these applications making an impact today, but the prospects for what they could deliver tomorrow are huge.
Portrait of Bill Wood
Bill Wood joined Solvay with the 2015 acquisition of Cytec. Bill, a US citizen, has over 30 years’ experience in the advanced materials industry, and is currently President of the Composite Materials GBU.
Improving the storage capacity of renewable energies
The unpredictable nature of renewable energy limits the growth of technologies such as wind and solar power. This limitation means that electricity production units which utilize fossil-fuels are still necessary as they can generate energy in 10 seconds to a minute from start-up. A solution is needed to bridge the gap between intermittent renewable energy and fossil fuel energy generation.