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Solvay has laid the foundation stone for the expansion of its research and innovation center at its Shanghai Science and Technology Park
.
Meet the challenge and keep investing
Meet the challenge and keep investingKadri believes that the global macroeconomic environment is still full of challenges next year and there are many uncertainties, but Solvay's investment in China, especially in key technology fields, will not slow down
.
As of the end of October this year, Solvay has completed a series of investments in China: adding two sets of green environmental protection equipment to the Zhangjiagang production base, helping to improve the air quality inside and outside the factory area and reducing greenhouse gas emissions; establishing a joint venture with Sinopec Chuanwei, Set up a special chemical production plant for oil and gas fields with an annual output of 20,000 tons in Chongqing to produce chemical additives and high-performance products; join hands with China Venture Capital Fund Chuanliu Investment to inject capital into Chuanliu New Materials Fund to conduct new material research and development
.
Kadri said that continuous investment in China is a concrete manifestation of Solvay's new GROW strategy (G: Growth, R: Steady, O: Optimization, W: Success)
.
The new strategy released by Solvay is divided into three sectors: The first is the materials sector, which targets high-performance materials, including specialty polymers and composites, and provides innovative materials to the automotive lightweighting and aerospace industries
.
The second is the chemicals sector, including some very mature and important technologies, which are fundamental to many industries and will play a very important role in the further development of China in the future
.
The third is the solutions segment, which mainly provides key core technologies, such as consumer and industrial specialty chemicals, specialty chemicals, fragrances and functional chemicals
.
Data shows that Solvay's net sales in the Chinese market in 2018 reached 8.
52 billion yuan, accounting for about 10% of its global business.
China is a very important market for Solvay.
China has more than 2,500 employees and 11 production bases.
A research and innovation center
.
Innovation is the foundation of success
Innovation is the foundation of success According to Kadri, Solvay's philosophy is that innovation is the most important source of future prosperity and progress, and the key to differentiating itself from the competition
.
The expanded Shanghai R&D Center is designed to drive future innovation and growth to better serve the Chinese market and customers as well as the global market
.
She emphasized that China's R&D strength is very strong, and many innovative researches will be placed in China
.
R&D will revolve around sustainability, Kadri said
.
Solvay pays great attention to the life cycle of products, so it is necessary to consider whether raw materials meet sustainable development, whether products can be recycled at the end of their service life, and whether they can be reused as a new resource
.
Only in this way can Solvay continue to provide the market with green and sustainable solutions
.
Focus on high performance materials
Focus on high performance materials Kadri believes that China's high-performance materials market is vast and has unlimited business opportunities, which can provide many opportunities for the development of Solvay's high-performance materials industry
.
Solvay is a strategic partner of Commercial Aircraft Corporation of China, Ltd.
, providing composite materials for the C919 passenger aircraft
.
It is reported that the application rate of composite materials on the future CR929 wide-body passenger aircraft will exceed 50%.
Demand for advanced high-performance polymer materials in the automotive industry will also increase, Kadri said
.
In addition, the rise of the electronics industry, including the Internet, smart devices, smart terminals and 5G technology, will open up broad market prospects for Solvay's high-performance materials business
.
