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Solvay strengthens its competitiveness in Germany through portfolio realignment and investments
Globenewswire· 2025-09-18 16:00
Core Insights - Solvay is implementing strategic measures to enhance its long-term competitiveness in Germany, focusing on the Bad Wimpfen site as a global hub for NocolokⓇ production and innovation [1][5] Group 1: Strategic Realignment - The company will discontinue certain product lines at the Bad Wimpfen site, including Trifluoroacetic Acid (TFA)-related organics by early 2026 and some inorganics like Hydrogen Fluoride by the end of 2026, resulting in a net reduction of approximately 100 positions [2] - A new state-of-the-art NocolokⓇ Paste & Paint facility will be established at Bad Wimpfen, consolidating operations and expertise from Garbsen, which is set to cease operations by 2028, leading to a net reduction of around 40 positions in Garbsen [3] Group 2: Financial Commitment - Solvay plans to allocate approximately €25 million for restructuring expenses and strategic investments, primarily in 2026, to support the transformation and long-term value creation [4] Group 3: Commitment to Employees - The company is committed to managing the impact of these changes on employees through close consultation with employee representatives, aiming for socially responsible solutions [4][5]