Brussels, Belgium – February 25, 2025 - 08:30 CET
In response to the recent announcements regarding the US imposition of trade tariffs, Syensqo is implementing strategic measures to address the potential impacts on its global operations and supply chains.
As a multinational company with a global footprint, Syensqo is assessing the potential ramifications of these tariffs and any reciprocal actions taken by other countries or regions. To ensure operational continuity, the company is conducting a comprehensive review of its value chains and sourcing strategies.
Additionally, Syensqo is evaluating shorter-term mitigation options, including the introduction of a temporary surcharge to offset the increased costs associated with the tariffs. The Company believes that these measures are essential to maintaining its ability to supply the high value solutions that its customers need.
Given ongoing macroeconomic and demand uncertainty that has impacted the chemicals industry over the last several quarters, the proposed U.S. trade tariff framework creates an additional challenge for its broader value chains.
At Syensqo, we are committed to navigate these challenges, while continuing to deliver value to our stakeholders. In this context, our priority is to ensure the continuity of our operations, maintain the high quality of service our customers require and we will take the necessary actions to achieve this.
This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates.
Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and health care applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity.