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Solvay to increase investments in USA and China

September 08/2010

LONDON (ICIS) -- Solvay will invest $4m (?3.1m) in a minority stake in Polyera Corporation, a materials developer from the printed electronics market based in Skokie, in the US state of Illinois, the Belgium-based chemicals group said on Tuesday.

The investment, in series-B financing for the US firm, complements similar investments Solvay has made in the emerging field of printed electronics, it said. Printed electronics is the emerging industry that relies on printing technologies to manufacture thin, lightweight and flexible devise substrates.

On 5 September, Solvay said that it would invest further in chemicals for electronics in China by building an electronic-grade hydrogen fluoride plant for its Lansol Fluorchem joint venture with a subsidiary of Sinochem Lantian.
Commercial products from the plant would be available later this year. Lansols chemicals are used particularly for the production of photovoltaic cells.

Solvay to increase investments in USA and China









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