SOLVAY Business Services Latvia SIA

Solvay is an international chemical and advanced materials company, with head office located in Brussels, Belgium. Solvay was founded in 1863 and its products serve diversified markets worldwide, from consumer goods to energy, with one main aim – to improve quality of life and customer performance.  Solvay has 26,800 employees on 135 sites in 61 countries.

Solvay’s strategy is to participate in reshaping the global chemical industry and to build a model of chemistry that addresses crucial issues - such as consuming less energy and reducing CO2 emissions, optimizing use of resources, improving quality of life, while at the same time continuing to drive value creation and profitable growth.

In December 2015, Solvay successfully acquired U.S based company Cytec, thus becoming world’s second largest player in aerospace composite materials.

Since 2010 Riga’s Solvay Business Services (former Cytec Global Business Services) has been crucial in achieving company’s goals. The various departments providing worldwide services include:

  • Procure to Pay, focusing on pursuing actions after an internal customer has expressed a need to purchase goods or services until payment is made to the supplier;
  • Order to Cash, ensuring a secure course between a customer order and its payment;
  • Record to Report, committing to establish finance activities from accounting data recording to the production of financial reports;
  • Customer Service, handling customer accounts & inquiries: 
  • Logistics, responsible for inbound shipments and inventory management;
  • Hazard Communication, providing Hazard assessment & assistance and raw material maintenance.

Riga’s office employs over 200 dedicated employees, which, apart from experienced specialists, consist of a significant percentage of young and talented graduates and undergraduates from Latvian Universities.

The representative of the company’s management team notes: “We primarily based our decision on the availability of a good pool of talented, well-educated and multi-lingual people. Also we took into account that Riga Airport provides fairly easy access into company's locations in Europe and North America. I am very pleased with the employees we’ve been able to attract, as well as with the office facility and the established operations.”