(MT Newswires) --Ilham Kadri, CEO of Syensqo, has announced that the company has reached a market capitalisation of almost 9 billion euros since its IPO around a month and a half ago. The company is active in several key sectors: automotive, with a presence in one in two electric vehicles; healthcare, with products used by 50% of haemodialysis patients worldwide; and areas such as resource efficiency, rare metal purification and bioproducts such as Guar shampoos. The company anticipates organic growth opportunities of €10 billion over the coming years. 

The geographical breakdown of Syensqo's revenues is 40% in the Americas, 36% in Asia and the remainder in Europe. In the United States, the company is investing $1 billion in a battery production plant, which is expected to support 5 million electric cars.

Syensqo predicts that 50% of the car fleet will be hybrid or electric vehicles by 2030, which will drive growth in its battery technologies. The company is also focusing on thermoplastic composites, green hydrogen and biomaterials.

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