Solvay Continues Expansion in Greenville - Novemebr 2019
Press Release
Solvay breaks ground on Aerospace Resin Mixing plant in Greenville, TX, USA
Greenville, TX, November 6th 2019 --- Solvay held a groundbreaking ceremony at its Greenville, TX site to celebrate the start of construction for a new resin mixing facility where the company will manufacture products for high performance aerospace structural applications.
The City of Greenville, Greenville Board of Development, and Hunt County Commissioners were instrumental in supporting this capacity investment which will result in new local jobs for people in the City of Greenville, Hunt County and surrounding areas. "I am very proud that my team and I have been able to support this new investment and renew our continued support to a key regional employer such as Solvay” said Mayor David Dreiling, City of Greenville, Texas. “Solvay carefully selects sites for capacity expansions. Greenville TX is one of our largest sites and offers a knowledgeable and experienced workforce along with technology and infrastructure synergies to support the demanding market needs of our customers. The expansion will enable us to support strategic aerospace programs and further solidifies Greenville’s contribution to our company’s success. We are grateful for the local authorities ongoing advocacy” said Alain Faessler, Senior Executive Vice-President and Industrial Director for Solvay Composite Materials Global Business Unit. Solvay’s Greenville TX site currently has over 375 full time employees and recruiting efforts are ongoing.
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About Solvay Composite Materials Solvay’s new Global Business Unit Composite Materials is a global provider of technologically advanced lightweighting material solutions that enable our customers in the aerospace, automotive and other demanding industries to design, develop and efficiently manufacture high-quality, high-performance and complex composite structures. Composite Materials has the most extensive product portfolio, including prepregs, resin systems, adhesives and surfacing films, carbon fiber, textiles, tooling and vacuum bagging consumables, thanks to its leadership in advanced materials science, chemistry and application engineering. Solvay Composite Materials combines the former Cytec Aerospace Materials and Industrial Materials businesses. Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end-markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote cleaner mobility, its formulations optimize the use of resources, and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 24,500 employees in 62 countries. Net sales were €10.3 billion in 2018, with 90% from activities where Solvay ranks among the world’s top 3 leaders, resulting in an EBITDA margin of 22%. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris Bloomberg: SOLB.BB - Reuters: SOLB.BR), and in the United States its shares (SOLVY) are traded through a level-1 ADR program. (Financial figures take into account the planned divestment of Polyamides).