Philippe Kehren
CEO of Solvay
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Jun 8, 2026
Europe's competitiveness challenge: Energy, rare earths and industrial sovereignty
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Philippe KehrenGUEST
Indeed, we see, uh, more and more, uh, uncertainty and constraint hitting, uh, our, uh, businesses.
Philippe KehrenGUEST
And, and I think what is very important is to be, uh, close to your customers and to control your, uh, upstream value chains.
Philippe KehrenGUEST
And this is really what at Solvay we've been trying to do forever, I would say, since, uh, 1863, as you said, uh, when, when we started, uh, the company.
Philippe KehrenGUEST
Uh, we implemented our sites where the raw material and the energy were available to deliver a local market.
Philippe KehrenGUEST
So still today, we have eighty percent, uh, more than eighty percent, in fact, uh, of our sales that are done regionally, and I think that's very important to be, to be close to the market, close to your customers.
Philippe KehrenGUEST
Then, of course, over the years, uh, you know, the, the, the coal mines have shut down in Europe, and so we have to buy on the global markets, and, uh, and that has been the case for the past, uh, three, four decades.
D
7:23Danielle MylesHOST
Can European industry compete with the world's two biggest economies like it did in years past? And what is needed to make that happen?