Arkema is investing US$90 million on its Clear Lake Texas site to replace existing acrylic acid production units with modern facilities using the latest available technologies. Thus Arkema will position the Clear Lake site among the most competitive in North America while meeting growing demand in the region.
Arkema completed the acquisition of Den Braven, a leader in high performance sealants for insulation and construction in Europe, on 1st December. With this strong value-creating acquisition, Arkema confirms its long-term ambition for Bostik, and actively pursues the development of its High Performance Materials division.
Arkema announces a 25% Kynar® PVDF capacity increase on its Changshu platform near Shanghai. This project will help meet the strong demand, in particular in new energies and water treatment applications. This investment will support the Group’s ambition in Technical Polymers, and is part of its strategy to speed up the growth of its High Performance Materials division.
Arkema announced today plans to construct a new leading class polyester powder resin manufacturing facility, the first of its kind in India, on its existing resin platform in Navi Mumbai, Maharashtra. The project, which represents an investment of approximately $US 15M and is targeted for completion in 2018, includes a new manufacturing unit and a dedicated new laboratory to provide both application development and technical support. The new facility will support customers in the fast growing powder coating market.
The R134a market in Europe is set to undergo an inevitable decline from 1st January 2017 following regulatory changes affecting fluorinated gases for automotive air conditioning taking effect on that date. In this sharply declining market, Arkema has decided to put forward to the Central Works Council today a project for the closure of the R134a fluorogas plant at its Pierre-Bénite site (France). This proposed closure would not result in any redundancies.
To support its customers’ growth around the world, in particular in the sports, consumer electronics and automotive markets, Arkema continues to expand its specialty polyamides production capacities in China and the United States.
Bostik, the specialty adhesives business line of Arkema, has developed its cementitious product manufacturing capacities, based on its world-class Polymer Modified Binder (PMB) technology, with the opening of a new plant in Helsingborg, Sweden. As a leading global adhesive specialist for construction, consumer and industrial markets, Bostik is extending its presence to serve growing market demand in Northern Europe and the Baltic region.
Bostik, the specialty adhesives business line of Arkema, has expanded its cementitious products manufacturing capacities, based on its world-class Polymer Modified Binder (PMB) technology, at its Seremban plant in Malaysia. As a leading global adhesive specialist for construction, consumer and industrial markets, Bostik will be able to serve growing construction market demand in Central Malaysia, North Malaysia and Sabah regions.
Some 7,400 employees and former employees have subscribed for 998,072 shares, totalling €42.1 million, as
a result of a share capital increase operation reserved for Arkema employees, which has just closed. Setting
yet another record in terms of monies invested and with a high participation rate, this fifth such operation
once again reflects employees’ confidence in the strategy and development of their Group.
Bostik, the specialty adhesives business line of Arkema, has expanded its cementitious powder production capacities, based on its world-class Polymer Modified Binder (PMB) technology, with the opening of a new plant in the Philippines. As a leading global adhesive specialist for construction, consumer and industrial markets, Bostik will be able to serve construction customers in the high growth Mindanao and Visayas regions with a new manufacturing plant in Misamis Oriental.
Arkema announces a project to divest its Activated Carbon and Filter Aid business to American group Calgon Carbon, a leader in activated carbon and in purification and filtration solutions. With this project, Arkema continues to refocus its business portfolio on its core business and to implement its divestment program.
Building on its excellent results and steady progress over the last 10 years in terms of workplace safety and environmental footprint reduction, Arkema has now joined the best in class, and has decided to strengthen its long-term targets on these issues. Accordingly, the Group has set itself a new ambitious Corporate Social Responsibility framework by 2025, underpinned by the firm commitment of its employees, its technological know-how, and a targeted investment policy.
At its meeting on 2 March 2016, the Board of Directors decided to propose to the Annual General Meeting on 7 June 2016 the renewal of the term of office of Mr Thierry Le Hénaff, Chairman and Chief Executive Officer of the Company.
Arkema had an option, until early 2016, to increase its stake in Taixing Sunke Chemicals, a production joint
venture which owns and operates acrylic acid and butyl acrylate production units in Taixing, China, and
therefore access an additional 160,000 tons per year acrylic acid capacity.