Pharmaceuticals Sector - Solvay

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46 Solvay Global Annual Report 2005 In Brazil, the 150 managers participating in this program gave it a very positive assessment. Even though the message has been delivered in different cultures, the “Living Values” seminar was particularly well received in all these countries, with comments like “the interactive exercises help us really grasp the meaning of these values” and “the presentation of behaviour examples rooted this session fi rmly in the real world.” In 2006 all Group employees who have not yet done so will be invited to take part in this half-day workshop at their plant or site, during which they will explore the Group Values in action in practical, everyday working situations. These 1 000 or so sessions indicate the importance the Group attaches to the implementation of its Values. Chinese recruitment drive To make a success of its industrial strategy, with its very clear objectives, in particular in Asia, to successfully complete ongoing projects and to initiate new ones, the Group needs new skills and talents from Asia. For this reason the Group is developing recruitment campaigns in China. Large numbers of students have already had an opportunity to get to know Solvay at conferences presented by Group managers at top Chinese universities. Our fi rst graduate recruits will soon be starting a two-year training program in our production units. The creation of a base of skills and talents in China is therefore under way. Annual assessment interviews: at least one Innovation objective for every manager Individual performance assessments pursue a double goal of raising our business effectiveness and contributing to personal development. This continuous process includes the annual assessment interview. In order to strengthen the commitment of all management staff to the Innovation drive supporting the Group’s growth strategy, all managers defi ned at least one Innovation objective to be achieved in 2006 during their assessment interviews at the end of 2005. This will help the Group meet the three Innovation challenges issued in 2003: – 20% of sales from products, markets or applications developed in the last fi ve years; – 50% of Innovation projects carried out with external partners (customers, authorities, universities, suppliers, etc.); and – 100% of Group entities engaged in at least one offi cially recognized Innovation project. European Works Council a partner in Sustainable Development The Solvay European Works Council, which was set up on a voluntary basis in 1995, celebrated its 10th anniversary by examining, together with representatives of senior management, the topic of “being players in a more sustainable development and society” during an international seminar held in Belgium in October 2005. At the end of this seminar, all partners agreed that for our Group, Sustainable Development is a priority that needs to be viewed as a state of mind to be developed, shared and put into practice, and to be better understood in all its dimensions through more active training and communication. The European Works Council was recognized as a strategic partner in the success of this effort, with Human Resources a vital role relaying the program to local representative bodies. With regard more specifi cally to the social aspect and human resources, emphasis was placed on three items: the climate of trust to be constantly cultivated within the enterprise, the need for unrelenting training, and the importance of maintaining and enriching the Group’s skills capital. The seminar also clearely showed that the success of this undertaking necessarily involves the proactive opening of the company towards all its outside stakeholders, and fi rst among them local communities. Corporate Communication In 2005, the Group’s Solvay Live magazine received a commendation from the UJJEF, a French association for Business Communication. Every year the UJJEF organizes grands prix, in various categories, based on several hundred dossiers submitted by agencies that assist business enterprises with their media publications. Solvay and the Créacom agency, with whom we produce our Solvay Live magazine, were one of the three nominees for the International Magazine Prize. Participation in this competition is a strong incentive for progress, and this commendation places Solvay Live among the best international internal company publications.
“ At the end of this seminar, all partners agreed that for our Group, Sustainable Development is a priority that needs to be viewed as a state of mind to be developed.” Human Resources Human Resources 47 Solvay Global Annual Report 2005
Page 1 and 2: Driven by the future Growth, Compet
Page 3 and 4: Highlights January 2005 Solvay fi n
Page 5 and 6: Activities Group sales 2005 = EUR 8
Page 7 and 8: Our Vision - Independent industrial
Page 9 and 10: here to stay, in our view irreversi
Page 11 and 12: Board of Directors and Corporate Go
Page 13 and 14: 4 Executive Committee and General M
Page 15 and 16: Such a strategy is possible only wi
Page 17 and 18: Specialities Solvay Specialties fro
Page 19 and 20: Key fi gures [EUR million] Pharmace
Page 21 and 22: Cardiometabolic Cardiovascular dise
Page 23 and 24: Cardiometabolics Fenofi brate, TRIC
Page 25 and 26: “ DUODOPA® entered Solvay’s pr
Page 27 and 28: Pharmaceuticals Sector Therapeutic
Page 29 and 30: Key fi gures [EUR million] Chemical
Page 31 and 32: Growth To speed up its growth, the
Page 33 and 34: Initiatives have also been launched
Page 35 and 36: “ The ‘Soil Remediation Reagent
Page 37 and 38: Key fi gures [EUR million] Plastics
Page 39 and 40: Innovation “Twin-Sheet Blow Mould
Page 41 and 42: Plastics 37 Solvay Global Annual Re
Page 43 and 44: which it was able to take advantage
Page 45 and 46: New Business Development Priority t
Page 47 and 48: Meeting The Science Days organized
Page 49: Human Resources The Group’s fi ve
Page 53 and 54: Sustainable Development 2005 saw th
Page 55 and 56: Accident frequency rate Persons wor
Page 57 and 58: Management Report New records for S
Page 59 and 60: Expenditure on the future by Sector
Page 61 and 62: Financial Statements The following
Page 63 and 64: Consolidated balance sheet EUR mill
Page 65 and 66: IFRS valuation rules The main accou
Page 67 and 68: 9. Impairment Every year the Group
Page 69 and 70: Notes to the fi nancial statements
Page 71 and 72: (2) Financial data by region These
Page 73 and 74: and the estimated fi nancial conseq
Page 75 and 76: The deferred taxes recorded in the
Page 77 and 78: 2005 Millions EUR Acquisitions Disp
Page 79 and 80: Neopharma On January 19, 2005 the S
Page 81 and 82: (around 300 persons) with a view to
Page 83 and 84: In 2005 the impairment tests on goo
Page 85 and 86: Solvay Group purchased 100% of the
Page 87 and 88: Post-employment benefi t plans are
Page 89 and 90: Actuarial assumptions used in deter
Page 91 and 92: Analysis of total fi nancial debt b
Page 93 and 94: In this way, at the end of 2005, th
Page 95 and 96: The following amounts relating to J
Page 97 and 98: PORTUGAL Fournier Farmaceutica Port
Page 99 and 100: List of fully consolidated Group co
Page 101 and 102:
Solvay Salz Holding GmbH, Hannover
Page 103 and 104:
CANADA Fournier Pharma, Inc., Montr
Page 105 and 106:
GREAT BRITAIN Inergy Automotive Sys
Page 107 and 108:
Summary fi nancial statements of So
Page 109 and 110:
Statutory auditor’s report to the
Page 111 and 112:
The Solvay share compared with the
Page 113 and 114:
Contacts: The Investor Relations Te
Page 115 and 116:
Shareholders’ Diary - May 9, 2006
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Pharmaceuticals Sector - Solvay

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