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PVC leads strong Solvay Q2 performance


Solvay said its second-quarter profit more than doubled, led by price increases for PVC and soda ash although demand for speciality polymers slowed. Net income rose to €111m, up from €44m a year earlier. Earnings before interest, tax and special items jumped 27% to €219m.
“The second quarter of 2011 has been excellent for Solvay with demand supporting volume growth of 4% while we achieved prices 11% ahead of the same period last year,” said Solvay CEO, Christian Jourquin.
“Taken together this led to REBITDA and REBIT from continuing operations up by 12% and 27% respectively. We continue to trade in line with our expectations.”

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