Solvay chief seeks greater footprint in emerging markets

10/22/2013 | McKinsey Quarterly (free registration)

Solvay is restructuring its portfolio to increase its presence in emerging markets, says Chairman and CEO Jean-Pierre Clamadieu. The company expects to equally divide its sales among Europe, Asia and the Americas by the end of the year. "That will be a unique position in the global chemical industry. Asia gets a lot of attention these days, of course, but we shouldn't forget that North America is also a very attractive market because of the very favorable energy scenario which has developed there over the last three to four years," he said.

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