Solvay Adjusts Soda Production Capacity in Torrelavega
Solvay, in a statement released on February 23, 2026, announces a reduction in soda production capacity at its Spanish site in Torrelavega. This decision is in response to challenging global market conditions, characterized by persistent oversupply and high energy costs in Europe.
Starting from the third quarter of 2026, pending the required consultation, Solvay will reduce the soda production capacity of the Torrelavega site in Spain from 600 kilotonnes to 420 kilotonnes. The company justifies this measure by the need to enhance the competitiveness of its global assets in the face of global oversupply and high energy and carbon costs in Europe. The sodium bicarbonate operations are not affected. According to Etienne Galan, president of Solvay Soda Ash & Derivatives division, this reduction is part of a transformation strategy in the sector, including the deployment of carbon-free soda processes in the group's energy transition trajectory.
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The Torrelavega site will focus its efforts on serving the regional customer base for premium soda and sodium bicarbonate. The supply to customers remains guaranteed through the site and Solvay's global network. The operational adjustment aligns with the group's commitment to energy transition, including a major biomass project aimed at significantly reducing coal use. This optimization is expected to result in a maximum net reduction of 77 positions. Solvay affirms its commitment to managing this impact in close consultation with employee representatives, aiming for socially responsible solutions and supportive measures.
Challenging market environment, excluding potential recovery measures from Sadara, updated guidance reflects Middle East impact
Risks mentioned
Middle East conflict impact of approximately €-25 million on underlying EBITDA in Q3 2026
Continued shutdown of the Peroxide plant at the Sadara complex in Jubail, Saudi Arabia accounted for €-15 million in Q3 2026
Challenging market environment affecting Group performance in Q3 2026
Opportunities identified
Joint venture contractual framework includes mechanisms designed to recover lost profitability from Sadara shutdown
Group exploring all available avenues to mitigate financial impact of shutdown
Transformation program and focus on cash generation and cost savings targets
Outlook / guidance
Expected EBITDA: 730 millions d'euros
Management commentary: In light of these developments, Solvay has reviewed its full-year 2026 guidance. Excluding potential revenue or recovery measures from Sadara for the remainder of 2026, the updated guidance is: Underlying EBITDA between €720 and €740 million
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
