Peter Anthony Clark's questions to SOLVAY S A /ADR/ (SLVYY) leadership • Q2 2024
Question
Peter Anthony Clark questioned the status of the Green River soda ash expansion project and the margin impact from the mix shift between the soft European container glass market and the stronger seaborne market.
Answer
CEO Philippe Kehren confirmed the Green River expansion is nearing completion and its costs are included in the updated full-year CapEx guidance of €300-€350 million. He described the margin impact from weak European container glass as 'moderate,' noting it is largely offset by strong demand from other segments like lithium carbonate and solar panels, highlighting the benefit of soda ash's diverse end markets.