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Solvay

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Reuters - 2 months ago

Belgium's Syensqo on track for worst day ever after top end forecast cut

UPDATE 3-Belgium's Syensqo on track for worst day ever after top end forecast cut Annual EBITDA seen in 1.4 bln to 1.475 bln euros range Q2 EBITDA 378 mln euros vs. 383 mln euros consensus Updates share move, adds Syensqo and JPM comments By Alban Kacher and Leo Marchandon Aug 1 (Reuters) - Syensqo's SYENS.BR shares fell 6% on Thursday after the company lowered the top end of its annual core profit and free cash flow forecast, as it does not expect a broader demand recovery in the final six mont
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Reuters - 2 months ago

Solvay to supply Europe with rare earth metals to reduce reliance on China

UPDATE 2-Solvay to supply Europe with rare earth metals to reduce reliance on China Rewrites throughout with details on the La Rochelle plant, CEO comments, context and background By Leo Marchandon and Alban Kacher July 31 (Reuters) - Belgian chemicals group Solvay SOLB.BR aims to supply Europe with rare earth metals for permanent magnets used in EVs and wind turbines from its refurbished plant in France, to help the continent reduce reliance on China, the company said.
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Reuters - 2 months ago

Solvay aims to produce 30% of EU's needs for critical components for EVs, wind turbines

Solvay aims to produce 30% of EU's needs for critical components for EVs, wind turbines July 31 (Reuters) - Belgian chemicals group Solvay SOLB.BR said on Wednesday it aims to supply 30% of the European market's needs for permanent magnets with rare earth materials from its facility in La Rochelle, France. The group confirmed that regular production should start in early 2025 in La Rochelle, the only facility in Europe able to process light and heavy rare earth materials at an industrial level.
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Reuters - 2 months ago

Solvay beats Q2 core profit view amid cost-cutting measures, ups guidance

UPDATE 2-Solvay beats Q2 core profit view amid cost-cutting measures, ups guidance Adds CEO and analyst quotes, details in paragraph 9 By Alban Kacher and Leo Marchandon July 31 (Reuters) - Belgian chemicals group Solvay SOLB.BR reported a stronger-than-expected core profit for the second quarter on Wednesday, as higher volumes and further improvements in fixed costs offset pressure from negative net pricing.
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Reuters - 2 months ago

Solvay core profit rises more than expected on higher volumes, cost improvement

Solvay core profit rises more than expected on higher volumes, cost improvement July 31 (Reuters) - Belgian chemicals group Solvay SOLB.BR reported a bigger-than-expected core profit for the second quarter on Wednesday, citing higher volumes and further improvements in fixed costs. Earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at 272 million euros ($294.43 million), compared with the 261 million euros expected by analysts in a company-provided consensus.
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Reuters - 2 months ago

Solvay Posts Q2 EBITDA Above Consensus

BRIEF-Solvay Posts Q2 EBITDA Above Consensus July 31 (Reuters) - Solvay SA SOLB.BR : Q2 REVENUE EUR 1,194 MILLION VERSUS COMPANY CONSENSUS EUR 1,203 MILLION Q2 EBITDA EUR 272 MILLION VERSUS COMPANY CONSENSUS EUR 261 MILLION EBITDA MARGIN 22.8% H1 ROCE 17.6% Q2 FREE CASH FLOW 230 MILLION TIGHTENS ITS GUIDANCE OF UNDERLYING EBITDA TO -10% TO -15%ORGA
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Reuters - 2 months ago

UBS, Degroof Petercam turn neutral on Solvay on short-term uncertainty

BUZZ-UBS, Degroof Petercam turn neutral on Solvay on short-term uncertainty ** UBS and Degroof Petercam take a neutral stance on Belgian chemicals company Solvay SOLB.BR , citing sluggish economic indicators and an uncertain outlook for key product soda ash ** Degroof Petercam lowers its rating to "hold" from "buy", as it sees limited potential for
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Reuters - 3 months ago

In race to regain rare earth glory, Europe falls short on mineral goals

INSIGHT-In race to regain rare earth glory, Europe falls short on mineral goals Updates 45th paragraph to broaden range of cost estimate to between $20 and $50 per vehicle By Eric Onstad LONDON, June 27 (Reuters) - Four decades ago, a rare earth processing plant on France's Atlantic coast was one of the largest in the world, churning out materials used to make colour televisions, arc lights and camera lenses.
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Reuters - 3 months ago

Companies forging a rare earths industry in the EU

FACTBOX-Companies forging a rare earths industry in the EU LONDON, June 27 (Reuters) - In the rare earths sector, the EU will struggle to meet most of its ambitious goals in new legislation designed to boost domestic output of critical minerals and reduce dependence on China. The EU's Critical Raw Materials Act (CRMA) targets that by 2030 the bloc will mine 10% of its requirements for strategic minerals, process 40%, and meet 25% of demand from recycling.
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Reuters - 3 months ago

In race to regain rare earth glory, Europe falls short on mineral goals

INSIGHT-In race to regain rare earth glory, Europe falls short on mineral goals By Eric Onstad LONDON, June 27 (Reuters) - Four decades ago, a rare earth processing plant on France's Atlantic coast was one of the largest in the world, churning out materials used to make colour televisions, arc lights and camera lenses. Its current owner Solvay SOLB.BR is racing to return the plant at La Rochelle to its former glory after years of diminished output as Europe seeks to boost production of the miner
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Reuters - 3 months ago

Solvay Signs Supply Agreement With Cyclic Materials

BRIEF-Solvay Signs Supply Agreement With Cyclic Materials June 18 (Reuters) - Solvac SA SOAC.BR : SOLVAY AND CYCLIC MATERIALS SIGN SUPPLY AGREEMENT FOR RECYCLED MIXED RARE EARTH OXIDE SHIPMENTS TO BEGIN IN LATE 2024 AGREEMENT EXTENDS PARTNERSHIP FORMED BY MOU SIGNED IN FEBRUARY 2023 Source text for Workspace: ID:nBw33vFvka Further company coverage:
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Reuters - 3 months ago

Western rare earths supply chain springs into gear

RPT-FACTBOX-Western rare earths supply chain springs into gear Repeats FACTBOX, no change to text MELBOURNE, June 17 (Reuters) - Global supply chains for rare earths are realigning to diversify away from top producer China to make permanent magnets used in products from electric vehicles to wind turbines and drones. Below are companies that have or are building production facilities for rare earth compounds, metals and magnets to reduce the West's current near-total dependence on imports from Ch
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Reuters - 3 months ago

Western rare earths supply chain springs into gear

CORRECTED-FACTBOX-Western rare earths supply chain springs into gear Corrects paragraph 20 to say MP Materials began producing rare earths oxides in 2023, not earlier this year MELBOURNE, June 17 (Reuters) - Global supply chains for rare earths are realigning to diversify away from top producer China to make permanent magnets used in products from electric vehicles to wind turbines and drones.
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Reuters - 3 months ago

Western rare earths supply chain springs into gear

FACTBOX-Western rare earths supply chain springs into gear MELBOURNE, June 17 (Reuters) - Global supply chains for rare earths are realigning to diversify away from top producer China to make permanent magnets used in products from electric vehicles to wind turbines and drones. Below are companies that have or are building production facilities for rare earth compounds, metals and magnets to reduce the West's current near-total dependence on imports from China.
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