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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Solvay SA | EU:SOLB | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.44 | -1.43% | 30.41 | 30.29 | 31.20 | 31.18 | 30.29 | 30.90 | 232,054 | 16:40:00 |
From Apr 2019 to Apr 2024
Cytec Industries Inc., a member of the Solvay Group, has filed a patent infringement lawsuit on behalf of its Polymer Additives business group in the Shenzhen Intermediate People's Court against Yantai Sunshow Specialty Chemical Co., Ltd. (Sunshow) following a lengthy investigation. The lawsuit, which requests injunctive relief, damages and attorneys’ fees, alleges that Sunshow is making and/or selling a product in violation of Cytec’s patent covering its CYASORB CYNERGY SOLUTIONS® V703 product - as verified by independent laboratory analysis.
“We take protection of our intellectual property very seriously,” said Domenico Romanino, Senior Vice President of Additive Technologies for Solvay Technology Solutions. “Solvay and its subsidiaries have invested heavily in terms of both time and money to develop its CYASORB CYNERGY SOLUTIONS® product platform and we rely on patents to help recoup our investment in new product development ventures that bring benefit to our customers around the world. When companies do not respect our patent rights, the Solvay Group will vigorously enforce those rights to the fullest extent of the law.”
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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 30,900 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).
View source version on businesswire.com: http://www.businesswire.com/news/home/20160914006381/en/
GBU Comms.Mark Wheeler, +1-609-860-3910
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