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SOLB Solvay SA News Story

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Brief: Solvay Consolidates German Footprint with 25 Mln Euros Spend and Workforce Cuts

Sept 18 (Reuters) - Solvay SA SOLB.BR:

IS TAKING MEASURES TO SECURE ITS LONG-TERM COMPETITIVENESS IN GERMANY

IS POSITIONING ITS BAD WIMPFEN SITE AS A GLOBAL HUB FOR NOCOLOKⓇ PRODUCTION, RESEARCH AND APPLICATION

PLANS TO ALLOCATE APPROXIMATELY EUR 25 MILLION - PRIMARILY IN 2026 - IN RESTRUCTURING EXPENSES AND STRATEGIC INVESTMENTS

WILL DISCONTINUE SELECTED PRODUCT LINES AT ITS BAD WIMPFEN SITE

MEASURES WILL RESULT IN A NET REDUCTION OF APPROXIMATELY 100 POSITIONS IN BAD WIMPFEN

RELOCATION OF NOCOLOK TECH CENTER, PRODUCTION OPERATIONS FROM GARBSEN TO BAD WIMPFEN

MEASURES WILL LEAD TO A NET REDUCTION OF AROUND 40 POSITIONS IN GARBSEN

GARBSEN SITE IS SCHEDULED TO CEASE OPERATIONS BY 2028

Source text: ID:nGNEc2JppK

Further company coverage: SOLB.BR

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 587 785 110;))

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