Solvay inks definitive agreement to sell compounds business in Italy to Finproject SpA

10-Apr-17

Belgian specialty chemical manufacturer Solvay has signed a definitive agreement to sell its polyolefin cross-linkable compounds business in Italy to family-owned group Finproject SpA. Based in Roccabianca, Parma (Italy), these compounds are used in applications in the wire and cable, and industries, generating sales of € 82 mln in 2016. Finproject is a manufacturer of injection moulded foam, polyolefin-based compounds and PVC compounds.

“Following Solvay's transformation, polyolefin cross-linkable compounds no longer fit within the portfolio of high-performance specialty polymers. Solvay has consistently grown the value of this business and its divestment contributes to the upgrade of Solvay's specialties portfolio,” said Augusto Di Donfrancesco, president of Solvay's specialty polymers global business unit.