The acquisition of Cytec properly fits with Solvay’s approach, focused on sustainability and benefit 

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Moreover, Cytec will drastically reinforce Solvay’s sustainability profile as its choices are addressing planet’s challenges.

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Our clients and our workforce should expect to find out continuity and strong help of our present approach,” said Shane Fleming, CEO of Cytec.

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Solvay, a revolutionary chemical corporation which has a legacy rooted in founder Ernest Solvay's pivotal innovations during the soda ash process, is dedicated to providing vital solutions globally as a result of its workforce of above 9,000 employees. Since 1863, Solvay harnesses the power of chemistry to produce ground breaking, sustainable solutions that remedy the globe’s most important requires for example purifying the air we breathe plus the water we consume, preserving our foodstuff provides, guarding our health and nicely-staying, producing eco-pleasant clothes, making the tires of our vehicles more sustainable and cleansing and shielding our houses.

Solvay will convene, sooner or later, an extraordinary normal Conference of its shareholders to vote on the proposed legal rights concern. The Board of administrators of Solvac, Solvay’s key shareholder, has unanimously verified its support for that transaction and its intention to vote in favor of the capital improve.

Cytec can be a significant-expansion, significant-quality group with major marketplace positions. we have been wanting forward to working with its exceptional groups. This acquisition will generate worth for our stakeholders and can guidance our ambition to be a pacesetter in sustainable chemistry. This transaction will lead us to further accelerate our transformation.”