Solvay highlights innovation and growth opportunities in Aerospace & Defense market
March 01 2023 - 2:45AM
Solvay highlights innovation and growth opportunities in Aerospace
& Defense market
Solvay highlights innovation and growth opportunities in
Aerospace & Defense market
The Group held a webinar focused on activities in its Composite
Materials division
Brussels, March 1, 2023 - 08:45 CET
Solvay held a webinar for the investment
community on its activities serving the Aerospace & Defense
sector – which will become part of the future SpecialtyCo. Today,
this sector is addressed mainly by the Composite Materials
business, which is currently included in the Materials business
segment. This webinar marked the sixth webinar in Solvay’s series
that began in December 2021. Topics of the previous webinars were
an explanation of innovative materials supplied to the automotive
industry, an update on Solvay’s consumer-facing businesses, a
presentation on the Peroxides business, a description of the
Company's progress and future in Soda Ash & Derivatives, and an
ESG update.
Composite Materials have many benefits,
including reducing weight, increasing design freedom, and enabling
increased production throughput. These benefits can provide up to
25% increased fuel efficiency and thus, reduced greenhouse gas
emissions. This results in better aircraft that burn less fuel and
are therefore cheaper to operate.
Solvay’s technologies are on the roughly 8,000
passenger planes in the sky right now. The company has a balanced
exposure to commercial aviation, defense, and space & launch
which positions the company for continued growth. Solvay aspires to
grow this sector’s net sales by approximately 10% per annum across
the mid-term, driven by:
- The ongoing recovery in
commercial aviation following the effects of the COVID-19 pandemic
with good visibility on the industry’s order book backlog.
- Solvay’s broad and unmatched
Materials portfolio which includes specified applications on all
major aircraft programs.
- An innovation engine that
benefits from Solvay’s Growth Platforms that will focus on the
future needs of Commercial Aviation, Space & Launch, and
Advanced Air Mobility markets with novel composites and
processes.
- A global footprint which is
certified to supply the highly regulated aviation industry.
A replay of today’s presentation is available on Solvay’s
Investor Relations website.
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