SOLVAY AND AIR LIQUIDE TO FORM A WORLDWIDE FLUORINE GAS BUSINESS JOINT VENTURE FOR HIGH-TECH INDUSTRIES
(Thomson Reuters ONE) -
Brussels, 16 January 2012, at 8:30 am (Brussels time)
SOLVAY AND AIR LIQUIDE TO FORM A WORLDWIDE FLUORINE GAS BUSINESS JOINT VENTURE
FOR HIGH-TECH INDUSTRIES
On-site fluorine production for flat panel display and silicon thin film
photovoltaic industries to cut greenhouse gas emissions and increase
productivity
Solvay and Air Liquide announced today they have entered into an agreement to
form a worldwide fluorine gas business joint venture. It will build, own and
operate modular on-site fluorine cleaning gas units for the flat panel display
and silicon thin film photovoltaic industries and thus offer these industries an
economic, reliable and environmentally-friendly product for cleaning
applications. Fluorine gas is a cleaning gas that has no global warming
potential and enables the customers to increase their productivity.
This partnership builds on both companies strengths. Solvay brings its 45 years
experience in running large-scale fluorine production and its raw materials
supply chain and Air Liquide its global presence, infrastructure and industrial
gas supply relationships with the leading electronics manufacturers.
Establishment of the joint venture is subject to antitrust approval.
Vincent De Cuyper, Group General Manager of the Chemicals Sector and Member of
the Executive Committee of Solvay said: "This partnership will help satisfy
growing world demand for environmentally-friendly cleaning gases. The
combination of market experience and know how from Air Liquide, the market
leader in gases for the electronic industry, and Solvay's proprietary
breakthrough modular technology, will enable our partnership to offer
significant economic benefits to its customers and bring at the same time
advantages for the environment".
François Darchis, Senior Vice-President and a member of Air Liquide's Executive
Committee commented: "This major step will allow Air Liquide to expand its offer
in the fast growing electronics market. Solvay brings its field-proven fluorine
production technology and expertise. By developing this non-greenhouse cleaning
solution alternative for our customers, Air Liquide reiterates its commitment to
environmental preservation. High-Tech solutions and the Environment are two of
the Air Liquide Group's growth drivers."
Air Liquide is the world leader in gases for industry, health and the
environment, and is present in 80 countries with 43,600 employees. In 2010, the
Group's revenues amounted to EUR 13.5 billion, of which more than 80% were
generated outside France. Air Liquide is listed on the Paris Euronext stock
exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx
50 indexes.
SOLVAY is an international chemical Group committed to sustainable development
with a clear focus on innovation and operational excellence. Its recent
acquisition of specialty chemicals company Rhodia created a much larger player,
which is realizing over 90% of its sales in markets where it is among the top 3
global leaders. Solvay offers a broad range of products that contribute to
improving the quality of life and the performance of its customers in markets
such as consumer goods, construction, automotive, energy, water and environment,
and electronics. The Group is headquartered in Brussels, employs about 30,000
people in 55 countries and generated EUR 12 billion in sales (pro forma) in
2010. Solvay SA is listed on NYSE Euronext (SOLB.BE - Bloomberg: SOLB.BB -
Reuters: SOLBt.BR).
For further details, please contact:
Lamia Narcisse Erik De Leye Maria Alcon Hidalgo Patrick Verelst
Corporate Press Officer Corporate Press Head of Investor Head of Investor Relations
RHODIA Officer Relations SOLVAY S.A
+33 1 53 56 59 62 SOLVAY S.A RHODIA +32 2 264 1540
lamia.narcisse(at)eu.rhodia.com +32 2 264 1530 +33 1 53 56 64 89 patrick.verelst(at)solvay.com
erik.deleye(at)solvay.com maria.alcon-
hidalgo(at)eu.rhodia.com
Press Release:
http://hugin.info/133981/R/1577630/492013.pdf
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Source: Solvay S.A. via Thomson Reuters ONE
[HUG#1577630]
Unternehmensinformation / Kurzprofil:
Datum: 16.01.2012 - 08:33 Uhr
Sprache: Deutsch
News-ID 104200
Anzahl Zeichen: 5447
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Town:
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Kategorie:
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