Rhodia Acetow has been renamed Solvay Acetow. The change comes in the wake of Solvay’s acquisition of Rhodia in September 2011. The name Rhodia will continue to be used for certain products, including Rhodia Filter Tow, Rhodia DE-Tow, Rhodia Coloured Tow, Rhodia FilterSorb and Rhodia Acetol.
Headquartered in Brussels, Belgium, Solvay became one of the top-10 players in the global chemical industry when it bought specialty chemicals maker Rhodia. The group, which celebrates its 15oth anniversary this year, employs about 29,000 people in 55 countries and generated net sales of more than €12 billion ($15.4 billion) in 2012.
The founding Solvay family remains a key shareholder in the business.
Solvay Acetow employs about 1,350 people and has five production sites worldwide.
Olivier Ferrary is taking over from Gérard Collette as general manager of Rhodia Acetow, which in 2011 became part of the Solvay Group.
A former manager of SDU Special Chemicals, Ferrary has held various responsibilities relating to chemicals and plastics within the Solvay Group. Collette will take over the management of Solvay’s industrial function and move to the company’s headquarters in Brussels.
During his tenure, Collette initiated projects to improve efficiency and diversify the company’s portfolio, which contributed to growth. Ferrary intends to continue this course.
Coinciding with the Solvay Group’s 150th anniversary in 2013, the company also released a new logo. The logo symbolizes the integration process, aimed at merging the two companies into a global player in sustainable chemistry.
Solvay offers a broad range of products in a variety of industries. Headquartered in Brussels, the group employs about 31,000 people in 55 countries and generated net sales of €12.7 billion ($16.82 billion) in 2011.
Rhodia Acetow is the world’s third-largest producer of cellulose acetate tow for cigarette filters. It has four production sites on four continents.