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Solvac is a Belgian holding founded in 1983, which groups the investments of the descendants of Ernest Solvay in Solvay of which it is the largest single shareholder with 30% of its shares. Jean-Pierre Delwart is President of the Board of Directors.
The company is a supporter of the Solvay Conferences that were started by Ernest Solvay in 1911. [ 17 ] On December 3, 2015, Solvay launched a share issue sent to existing shareholders, completing funding for the $5.5 billion purchase of Cytec Industries Inc. [ 18 ]
The name Syensqo is explained as follows: SY represents the first and last letters in Solvay. EN is a nod to Solvay’s founder, Ernest Solvay. SYENS refers to Solvay’s scientific heritage, which goes back to 1911, when Ernest Solvay brought 24 scientists together for the first Solvay Conference.
Solvay, New York and Rosignano Solvay, the locations of the first Solvay process plants in the United States and in Italy, are also named after him. Solvay died at Ixelles at the age of 84 and is buried in the Ixelles Cemetery. The portrait of participants to the first Solvay Conference in 1911. Ernest Solvay is the third seated from the left.
The town of Solvay grew around the Solvay Process plant. The Church and Dwight Company, producer of Arm & Hammer baking soda, which used material from the Solvay process, built a production facility nearby. Solvay Cable Road in 1910. The Hazard family invested in an affiliated business, the Semet-Solvay Company, formed in 1895.
Solvay Brussels School of Economics and Management, Brussels, Belgium; Solvay Institute of Sociology, Brussels, Belgium, part of the Université Libre de Bruxelles; Solvay Process Company (1880–1985), a former U.S. company that employed the Solvay process; Solvay S.A., an international chemicals and plastics company founded by Ernest Solvay
The Dow Jones Industrial Average, an American stock index composed of 30 large companies, has changed its components 59 times since its inception, on May 26, 1896. [1] As this is a historical listing, the names here are the full legal name of the corporation on that date, with abbreviations and punctuation according to the corporation's own usage.
In July 2015, Solvay announced its intent to acquire Cytec for a purchase price of US$5.5 billion. [3] In November 2015, Cytec Industries has obtain a shareholder's stake in Penso Holdings. [ 4 ] In December 2015, Solvay successfully completed its acquisition of Cytec.