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Solvay (company)

Solvay (company)
Company nameSolvay S.A.
Company typeSociété anonyme
Founder(s)Ernest Solvay
HeadquartersIxelles, Brussels, Belgium
Key peopleAloïs Michielsen (Chairman), Christian Jourquin (CEO)
ProductsChemicals and plastics
Revenue-7.109 billion (2010)
Operating income-305 million (2010)
Net income-1.777 billion (2010)
Total assets-14.01 billion (end 2010)
Total equity-6.839 billion (end 2010)
Employees16,785 (FTE, end 2010)

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:This article deals with the company named Solvay. For other meanings see Solvay.Solvay S.A. is a Belgian chemical company with its head office in Ixelles, Brussels, Belgium. It was founded in 1863 by Ernest Solvay to produce sodium carbonate by the solvay process. Since then the company has diversified to two major sectors of activity: chemicals and plastics. It was formerly also active in pharmaceuticals, but agreed to sell that entire division to Abbott Labs for -4.5 billion in September 2009, a deal completed in February 2010.

In 2010, the group’s consolidated sales amounted to -7.109 billion generated by its activity sectors. Solvay employs about 16,800 people worldwide and is listed on the NYSE Euronext in Brussels.

The firm agreed the -3.4 billion acquisition of French-based chemicals company Rhodia on 4 April 2011.

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