Yahoo Finance Solvay and Boeing extend advanced lightweighting materials supply contract for large passenger aircraft
Brussels, March 7, 2016 --- Solvay and The Boeing Company announce that they have extended their contract through 2020 for the supply of high-performance, structural composite and adhesive materials used to lightweight Boeing`s large passenger aircraft for legacy programs such as the 737, 747 and 777 as well as current and future platforms, including B787, 737MAX and the 777X.
Solvay with the recent acquisition of Cytec is the world`s second largest maker of composite materials for the aerospace industry. Solvay`s newly created Composite Materials Global Business Unit, provides technologically advanced lightweighting materials addressing the requirements of aerospace manufacturers to reduce fuel consumption, CO2 emissions and maintenance time.
"Our composite technologies provide the right balance of sustainable performance and competitiveness to meet the industry`s evolving needs," said Jean-Pierre Clamadieu, Chief Executive of Solvay. "We look forward to a continued and mutually beneficial relationship with Boeing."
This extended contract includes delivering on specific supplier initiatives as well as long-term growth opportunities with current and future qualified Solvay products.
Solvay supplies a range of products for primary and secondary structure applications, such as flaps, doors, fairings and ailerons. Products include CYCOM® prepregs, adhesives and surfacing materials that offer high toughness and strength as well as tailor-made process materials solutions that lower manufacturing costs and save time as they offer excellent process repeatability.
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An international chemical and advanced materials company, Solvay assists its customers in innovating, developing and delivering high-value, sustainable products and solutions which consume less energy and reduce CO2 emissions, optimize the use of resources and improve the quality of life. Solvay serves diversified global end markets, including automotive and aerospace, consumer goods and healthcare, energy and environment, electricity and electronics, building and construction as well as industrial applications. Solvay is headquartered in Brussels with about 30,000 employees spread across 53 countries. It generated pro forma net sales of € 12.4 bn in 2015, with 90% made from activities where it ranks among the world`s top 3 players. Solvay SA (SOLB.BE) is listed on Euronext in Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR). |
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Source: Solvay S.A. via GlobeNewswire
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