Syensqo

Last updated
Syensqo SA
Company type Public
Euronext Brussels:  SYENS
BEL 20 component
Industry Chemicals
Founded2023;1 year ago (2023)
FounderAlfred and Ernest Solvay
Headquarters Brussels, Belgium
Key people
Ilham Kadri (CEO)
ProductsAdvanced materials and Composites
Number of employees
13,000 (2023)
Website www.syensqo.com

Syensqo is a Belgian multinational materials company, established in 2023 through the spin-off from Solvay. The current CEO is Ilham Kadri, who previously was the CEO of Solvay. Syensqo is publicly listed and joined the BEL 20 stock index soon after listing. [1] Syensqo researches and produces advanced materials for use in industry and consumer applications.

Contents

History

In 2022, Solvay announced the intention to separate into two independent stock listed companies. Solvay would retain its historic soda ash, Peroxides, Silica, and Coatis production, as well as the Specialty Chemicals division. The Materials, Composites, and Solutions divisions were split off into Syensqo. [2] The goal of separating the two companies was to give independence and flexibility in pursuing different strategies.

The split became effective on December 11th, 2023, with shares listed on Euronext Brussels and Euronext Paris. [3]

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References

  1. "Syensqo to join the BEL 20 on December 18". MarketScreener.com. 12 December 2023. Retrieved 27 March 2024.
  2. "Press Release: Solvay to unlock value by exploring a separation into two independent publicly listed companies" (PDF). Syensqo.com. Retrieved 27 March 2024.
  3. "Syensqo successfully launched on Euronext". Yahoo News. 11 December 2023. Retrieved 27 March 2024.