In 2020, we implemented our G.R.O.W. strategy, announced in November 2019, which sets differentiated mandates for our businesses and allocates resources accordingly. The crisis prompted a renewed focus on customers and in particular on key accounts: we adapted to meet their needs and accelerated strategic cost reduction programs. This resulted in a company-wide focus on cash generation that helped Solvay navigate the crisis effectively. In parallel, we also embarked on a series of minor divestments, having ensured that these businesses had been optimised and were “sale ready”. We also issued a new wide ranging and ambitious sustainability roadmap, Solvay One Planet. Motivated by our Purpose, Solvay leaders came together to ensure that we deliver and emerge from the Covid-19 crisis stronger and ready for the rebound.
G.R.O.W. strategy in action
AgRHO® S Boost (pictured)
AgRHO® S Boost is a macromolecule extracted from guar, a legume, which improves the plant's absorption of water and nutrients, boosts germination and ultimately increases yield.