Solvay showcases the leading positions and growth prospects of its Soda Ash business
February 28 2023 - 2:45AM
Solvay showcases the leading positions and growth prospects of its
Soda Ash business
Solvay showcases the leading positions and growth
prospects of its Soda Ash business
The Group held a webinar focused on its Soda Ash &
Derivatives activities, to be a part of the future EssentialCo
Brussels, February 28, 2023 - 08:45
CET
Solvay held a webinar for the investment
community on its Soda Ash & Derivatives activities that will be
part of the future EssentialCo. This webinar marked a continuation
of Solvay’s series that began in December 2021 with an One Planet
roadmap update, followed in 2022 by the materials supplied to the
Automotive and battery industry, Consumer and Peroxides
markets.
Management shared the proven track record and
resilience of cash generation and margins of the Soda Ash
business. Soda Ash EBITDA organic growth is projected to
accelerate to approximately 10% per year in the next 5 years while
maintaining cash conversion above 70%, and investing in innovation,
capacity and energy transition. This is driven by:
- Strong scale and technology
leadership in synthetic and natural soda ash.
- Leveraging world-class,
competitive assets serving the export markets, and regional assets
serving local markets.
- Proven track record of cost
competitiveness, strong cash generation, resilient margins and
growth through the cycles.
- Reinvention of the Solvay process
with a cutting-edge innovation to improve competitiveness and
sustainability.
- Investments in capacity
expansions of soda ash and bicarbonate to support growth.
- Acceleration of our energy
transition projects based on new, sustainable and local fuels in
line with its carbon neutrality ambition.
A replay of this presentation is available on
Solvay’s Investor Relations website.
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