Arkema files a new complaint with the European Commission against Honeywell for abuse of dominant position with respect to patents covering the use of the refrigerant 1234yf in car air conditioning systems.
Arkema announces the acquisition by Bostik of CMP Specialty Products, the flooring and floor preparation business of US based specialist CGM. This business, which generated U$15 million sales in 2016, offers strong synergies with Bostik. This acquisition fits perfectly with Bostik's strategy to expand in the growing US construction market and to offer its customers a complete range of innovative solutions for the flooring market. This acquisition is also fully part of the Group strategy to accelerate its growth in specialty adhesives with bolt-on acquisitions.
Thierry Le Hénaff, Arkema Chairman and Chief Executive Officer, inaugurates the new specialty molecular sieve capacity at the Honfleur plant today. This new plant will enable the Group to support its customers’ growth in the refining and petrochemicals markets, in particular in Asia and the Middle East. This investment of some €60 million supports the development of the High Performance Materials segment, represents one of the Group’s growth drivers, and consolidates its n° 2 world ranking in molecular sieves.
Arkema has just successfully brought on stream new Kynar® PVDF capacities on its Changshu platform near Shanghai. With this 25% increase in its production capacities in China, Arkema, which runs PVDF production plants on 3 continents (Europe, North America and Asia), has consolidated its world leading position in PVDF.
Arkema announces that it filed its 2016 Reference Document with the French Autorité des marchés financiers (AMF) on 30 March 2017.
This document is available under the heading Investor Relations in section Financials / Annual reports of the Group’s website under the following link: www.finance.arkema.com
Arkema recently doubled the capacity of their Kepstan® PEKK (Poly-Ether-Ketone-Ketone) product line in France and confirms its future investment at its Mobile site (Alabama, United States) in a world-scale PEKK plant expected to come on stream in the second half of 2018.
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.