03.04.2017 • NewsElaine BurridgeCompoundsSolvay

Solvay Sells Polyolefin Compounds to Finproject

(c) Solvay
(c) Solvay

Solvay has sold another business as it pursues a transformation to a multi-specialty chemical group. This time, the Belgian company has agreed to sell its Italian polyolefin cross-linkable compounds business to family-owned firm Finproject for an undisclosed sum.

Based in Roccabianca, Parma, the division makes compounds that are used in wire and cable applications as well as in the pipe industry. It generated sales of €82 million in 2016.

Finproject, which is located in Morrovalle in Italy’s Marche region, makes injection molded foam, polyolefin-based compounds and PVC compounds that are used in footwear and other applications in the spa, automotive, furniture and safety industries.

The sale is expected to close in the second quarter of 2017, subject to the usual closing conditions.

Separately, Solvay has agreed to sell its 25.1% stake in National Peroxide to partner Wadia Group, boosting the Indian’s conglomerate shareholding to about 70.5%. Public shareholders hold about 29.5% of the Mumbai-listed company.

National Peroxide was formed in 1954 as a joint venture between the Wadia Group and Laporte and operates a 95.000 t/y hydrogen peroxide facility at Kalyan, Maharashtra. Solvay inherited the National Peroxide shareholding when it reorganized its Interox joint venture with Laporte back in 1992.

The transaction was due to complete by the end of March 2017.

Interview

Stability in Motion
Strategic Response to a Shifting Pharma Landscape

Stability in Motion

Stefan Oelrich, Member of the Board of Management and President Pharmaceuticals, Bayer, discusses navigating external volatility, reshaping its internal structures, and investing in future-ready capabilities to ensure sustainable growth.

Free Expert Insights

Dual‑Targeting Breakthroughs
Advancements in Bispecific Antibody Development

Dual‑Targeting Breakthroughs

Unlock the latest breakthroughs in bispecific antibody development! Download Wiley’s free Expert Insights eBook to explore cutting-edge dual-targeting strategies, advanced purification methods, and bioanalytical technologies transforming immunotherapy and cancer treatment.

most read

Photo
28.07.2025 • NewsChemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.