Arkema has finalized the first stage of its acrylics assets acquisition project in Taixing, China, and now has access to a modern and competitive 160,000 t/year acrylic acid production capacity in Asia for the sum of US$ 240 million. This investment will enable the Group to serve its customers in China and in Asia in growing markets such as superabsorbents, paints, adhesives and water treatment.
• Proposed acquisition of Bostik, number 3 worldwide in adhesives and part of Total’s specialty chemicals
• New milestone in Arkema’s transformation in line with the Group’s strategy
- Reinforcing Arkema’s profile with the integration of a low cyclical and low capital-intensive activity with sales of €1.53 billion
- Strategic priorities well aligned: innovation, expansion in emerging countries and operational excellence
• High value creating project
- Significant potential for improving Bostik’s operating margin
- Well identified synergies
- Cash flow accretive from first full year and EPS accretive from second year
- Execution facilitated thanks to common culture
• Offer made on basis of €1.74 billion enterprise value (11 times EBITDA)
• A fully secured funding
As part of a plan to improve the profitability of its fluorogas business, on September 9th Arkema presented to the Zaramillo plant’s personnel representative bodies a project for the closure of fluorogas productions at its Spanish site.
The European fluorogas industry has been severely impacted for several years by a competitiveness gap with China and the United States. Hence the Zaramillo site is faced with this European environment as well as structural problems, which have prompted this proposed closure of the fluorogas productions.
As part of its procurement policy for strategic raw materials, Arkema has reached an agreement for the supply of propylene with Enterprise Products Partners L.P., a leading United States midstream Energy Company.
• €1,520 million sales, 3.3% down on 2Q’13 at constant business scope and exchange rate
• €206 million EBITDA (2Q’13 at €273 million)
- Continuing challenging market conditions in fluorogases
- Following a good 1st quarter, temporary unfavourable factors in polyamides and lower volumes than expected in acrylics
- Solid performance in the other product lines
• Good resilience of EBITDA margin at 13.6% in this temporary more challenging environment
• Further cost optimization plan of €50 million over next three years
• €1,106 million net debt, slightly down on end of June 2013
Arkema announces the start-up of its new plant for the production of methyl acrylate, an acrylic acid derivative used in the manufacture of polymers for water treatment, elastomers and engineering polymers. This investment, on its Clear Lake site in Texas, represents the last phase of a $110 M investment plan intended to strengthen Arkema’s rankings in the US acrylics market.
During Arkema’s Combined Annual General Meeting held on May 15th 2014 and chaired by Thierry Le Hénaff, Chairman and Chief Executive Officer of the Group, the shareholders, representing 63.19% of the voting rights, adopted by a very large majority all the resolutions approved by the Board of Directors.
CECA , Arkema’s Filtration and Adsorption subsidiary, and Saudi company Watan Industrial Investment have set up a joint venture, majority-owned by Arkema, which will operate an oilfield production chemicals blending plant and storage facility in Saudi Arabia. Based within the Dammam industrial city, the new site will enable CECA to meet the high demand for oilfield production chemicals in the Gulf region.
• €1,523 million sales, 0.7% up at constant exchange rate and scope of business
- Volumes 3.3% up
- -2.6% price / product mix effect mostly in fluorogases
• €213 million EBITDA, down 9% (7% up excluding fluorogases)
- EBITDA 19% up in High Performance Materials supported by volume growth
- Confirmation of good resilience of Coating Solutions in a mixed environment
- In Industrial Specialties, beginning of the year impacted by more challenging market conditions than last year in fluorogases
• 14.0% EBITDA margin
• €77 million net income Group share (Q1 2013: -€30 million)
• €1,007 million net debt stable compared to end March 2013
Corporate - Finance - Products - Social responsibility
The new electrolysis unit at Arkema’s Jarrie plant near Grenoble, France, inaugurated today, marks a new milestone in the site’s modernisation. This €100 m investment has enabled the facility to adapt to the latest regulations on industrial risks (‘PPRT’) and to convert its mercury electrolysis to the membrane technology, thereby pre-empting the mandatory deadline by several years.
Some 6,000 employees and former employees have subscribed for 491,502 shares totalling €31.5 million as part of the capital increase operation reserved for Arkema employees, which has just closed. Setting yet another record in terms of amount invested and number of participants, this latest operation is a reflection of the employees’ confidence in their Group’s strategy and prospects.
• €6.1 billion sales close to 2012 sales at constant scope of business and foreign exchange rate, supported by volumes up by +1.4%
• Solid EBITDA margin close to 15%
• €902 million EBITDA (down 7% at constant scope of business and exchange rate)
- Sharp improvement in High Performance Materials results in Q4, but full year performance down compared to the high basis of comparison in 2012
- 5% EBITDA growth in Coating Solutions supported by capex and improvement in the decorative paint market in North America
- Performance of Industrial Specialties impacted by market conditions in Fluorogases
• €923 million net debt (1x EBITDA)
• 4Q'13: adjusted net income up 4.5% on last year, driven by sharp improvement in High Performance Materials
• Proposed dividend of €1.85 per share (€1.80 for 2012)
Arkema and Jurong Chemical, China’s leader in acrylic acid, announce the creation of Sunke, a joint venture in which Arkema will have a majority interest, comprising the assets of Jurong’s acrylic acid production site in Taixing opened in 2012.
This acquisition, in the wake of Arkema’s recent startup of its coating resins and Coatex production plants on the Changshu site, will enable the Group to accelerate the development of its Coating Solutions segment in China and in Asia and to assist its customers in particular in fast-growing markets such as superabsorbents, paints, adhesives, water treatment, etc.
It represents a new milestone in Arkema’s growth strategy and the achievement of its 2016 targets, in particular by strengthening the Group’s position in high growth countries. Finally, it provides the Group with a highly competitive acrylic monomer industrial footprint in Asia.
Production capacity for Arkema initially will be 160,000 t/year for a $240 M investment, with the option to raise it without delay to 320,000 t/year for a further $235 M investment.
Arkema, the world’s second leading producer of organic peroxides, announces the construction of a new organic peroxide plant on its Changshu site in China. This investment will help double the site’s production capacity.
Arkema announces a plan to divest its two South African subsidiaries, Arkema Resins Proprietary Limited and Harveys Composites Proprietary Limited to South African company, Ferro Industrial Products Proprietary Limited, specializes in the production and distribution of coatings and materials for composite markets. Through this divestment, Arkema will dispose of non-strategic activities - such as resins for composite materials - which represent few synergies with the remainder of its coating activities.
Arkema has officially started its new 60,000 MTY emulsion polymers facility on its Changshu platform. The plant, part of Arkema’s Coating Resins business unit, will serve customers in the Asia Pacific region with a full line of waterborne emulsion polymers for coatings and adhesives applications.
SOLID PERFORMANCE IN 3RD QUARTER IN A LESS FAVORABLE ENVIRONMENT THAN LAST YEAR
• €1,495 million sales, close to 3Q’12 at constant exchange rates and scope of business
• €233 million EBITDA and 15.6% EBITDA margin
- Gradual improvement in oil and gas and photovoltaic markets for High Performance Materials segment
- Stability in Coating Solutions segment with marked improvement in volumes in North America
- Industrial Specialties segment affected by more challenging market conditions in fluorogases and PMMA in Europe
- Negative impact of the strengthening of the euro on the quarter’s performance
• Net debt down to €1,033 million since 30th June 2013
• Ongoing targeted growth capex in emerging regions
• Emphasis on competitiveness in Europe
Yusuke Ueda, Sumitomo Seika CEO, and Marc Schuller, Arkema Executive Vice President, have today inaugurated the new Sumitomo Seika superabsorbent plant on the Carling site (Moselle, France) in the presence of the local and regional authorities.
This major investment, made in partnership with Arkema, will enable Sumitomo Seika to meet increasing demand for superabsorbents in Europe.
Arkema, the world’s second largest producer of organic peroxides, and Saudi investment company Watan Industrial Investment have signed an agreement for the construction of an organic peroxide production site on the Al Jubail platform, Saudi Arabia. The facility, requiring an investment of about US$ 30 million, will be the very first organic peroxide plant in the Middle East region
SOLID PERFORMANCE IN A CONTRASTED ECONOMIC ENVIRONMENT
• €1,629 million sales, 1.7% down at constant exchange rate and scope of business
• Volumes +3.5% up, mainly supported by Coating Solutions segment
• €273 million EBITDA and 16.8% EBITDA margin
• €112 million net income Group share, i.e. 7% of sales
The Fonds Stratégique de Participation (FSP), a mutual fund created by four major French insurance companies – BNP Paribas Cardif, CNP Assurances, Crédit Agricole Assurances through its subsidiary Predica and Sogécap (Groupe Société Générale) – in order to support long-term investments in listed companies, has announced that it now owns 6% of Arkema's share capital.
Arkema is announcing a 15% debottlenecking of its bis-peroxide capacity in both its Spinetta (Italy) and Franklin (Virginia) factories. This new capacity will allow Arkema to respond immediately to strong demand in the synthetic rubber crosslinking industry, in particular in Asia, and to support recent developments in fast-growing markets.
In line with previous announcements, Arkema has brought on stream additional acrylic acid capacity at its Clear Lake, Texas, site. A ramp-up period is planned to continue over the next few months associated with commercial qualification of newly manufactured products. This project will improve reliability and increase competitiveness of the Clear Lake plant and brings the site to a nameplate capacity of 270 KT per year.
• Approval of all the resolutions proposed by the Board of Directors
• €1.80 dividend per share to be paid on June 11th 2013
• Renewal of directors’ term of office of Messrs Bernard Kasriel, Thierry Morin, Marc Pandraud and Philippe Vassor, all of whom independent directors
• Ratification of the appointment of Mrs Victoire de Margerie, independent director
May 31st 2013 marks the completion of the second phase in the REACH* registration process. Arkema, through its highly dedicated teams, has registered 123 substances with the European Chemicals Agency (ECHA).
Arkema and Jayant Agro have signed a joint venture agreement whereby Arkema will acquire a stake of some 25% in Ihsedu Agrochem, a subsidiary of Jayant Agro, specializing in the production of castor oil. This joint venture aims to develop castor oil production in order to provide Arkema with long-term secure and competitive access to this strategic raw material for the manufacture of its biosourced polyamides.
On March 27th 2013, the Lyon commercial court opened insolvency proceedings with continuation of activities for a six-month observation period against the company Kem One SAS.
As part of the financing of the observation period, Arkema points out that its contribution amounts to €68.7 million.
Arkema announces that it has acquired a majority stake in AEC Polymers, a French manufacturer of structural adhesives. AEC Polymers recently developed a range of methacrylate glues (SAF® range) based on an Arkema technology, which boast unrivalled mechanical properties. AEC Polymers will join the Group’s new products and new technologies incubator.
The Lyon commercial court has decided to open insolvency proceedings with continuation of activities for a six-month observation period against the company Kem One SAS, corresponding to the upstream part (chlorine / caustic soda electrolysis and PVC production) of the various businesses sold by Arkema to the Klesch Group.
Arkema has just seen, much to its surprise, the press release published today by the Klesch group which calls into question the terms of the divestment by Arkema of the Vinyl Products segment - which has now become Kem One - on July 2nd 2012.
Arkema’s Board of Directors, at a meeting held on November 7th 2012, decided to propose to the next ordinary general meeting on June 4th 2013 the appointment of Mrs Victoire de Margerie as Director of Arkema.
On October 6th 2012, in the presence of the Prime Minister of Malaysia, CJ and Arkema invited 500 guests for the Ground Breaking Ceremony of their project in Kerteh, in the State of Terengganu in Malaysia.
On October 5th , 2012, Arkema successfully completed the issue of an additional €250 million tranche to its original bond due April 30th 2020, increasing its size to an aggregate amount of €480 million.
Announced on July 16th this year, the project for the acquisition by the Arkema subsidiary Coatex of an acrylic additives and emulsions production site from Brazilian company Resicryl, was closed on October 1st 2012 as scheduled. This transaction fits perfectly with the Group's strategy to increase its presence in high-growth countries, particularly in Latin America, and strengthen its downstream integration of its acrylics activities.
On October 1st 2012 Arkema finalized the divestment of its tin stabilizer business announced in July 2012 to PMC Group, specialized in the manufacture of performance chemicals and plastics. This operation is fully in line with Arkema’s ambition to be a world leader in specialty chemicals and advanced materials and with the target, announced at the Investor day mid-September, to divest around 400 million euros of sales between 2012 and 2016.
At an Investor Day taking place today in Paris, Arkema presents its 2016 ambition to become a world leader in specialty chemicals and advanced materials. With a selective and profitable growth strategy, the Group targets sales of 8 billion euros and an EBITDA margin of 16% in 2016 while maintaining gearing below 40%. Beyond, the Group intends to maintain its pace of development and aims to achieve sales of 10 billion euros with an EBITDA margin close to 17% in 2020.Confident in its long term prospects, Arkema announces that its dividend per share will already show a significant step-up in 2012 and targets beyond a 30% payout ratio on adjusted net income.
Arkema has brought on stream, several weeks ahead of schedule, the 50% increase in its fluorinated polymer production capacity at its Changshu site announced early 2011. This new capacity will enable the Group to consolidate its leading position in this high added value product line which offers significant growth prospects. Arkema now has major production capabilities for Kynar® PVDF on the three continents of Europe, North America and Asia, and so will be able to accommodate the growth of its customers around the world.
Arkema has announced a project for the sale of its tin stabilizer business to PMC Group headquartered in Mount Laurel, NJ, a manufacturer of performance chemicals and plastics. With this proposed divestment of organometallic products, including Thermolite® tin stabilizers, Fascat® catalysts, and fine chemicals, Arkema continues to refocus its activities on fast growing core specialty businesses.
The world leader in PVDF fluoropolymer, an innovative and fast-growing (+7% p.a.) performance material, Arkema announces a major project for the development of its Kynar® PVDF business in Europe. Over €70M are to be invested into the Pierre-Bénite site in France, in particular to increase Kynar® PVDF production capacity by 50%, and so support customers in high-growth applications.
Total, SOBEGI (a Total and GDF-SUEZ subsidiary) and Arkema today inaugurated the « Lacq Cluster Chimie 2030 » (LCC30) project in the presence of Messrs Lionel Beffre, Pyrénées Atlantiques Prefect, Alain Rousset, Conseil Régional d’Aquitaine President, Georges Labazée, Conseil général des Pyrénées-Atlantiques President, and David Habib, Mayor of Mourenx and MP, together with around one hundred local elected officials and industry representatives from the Lacq region. LCC30 represents the culmination of many years of studies conducted by the three partners in order to put forward an exemplary industrial redevelopment of the site and establish the economic activity and employment in the Lacq region over the long term. The three partners will be investing 154 million euros (M€) to transform the Lacq industrial platform into a pole of excellence in fine chemicals and specialty chemicals. This investment has the backing of the State and of local authorities.
Arkema and CEA are to extend their existing collaboration in photovoltaics to the field of micro-electronics and organic electronics by setting up two joint research laboratories. These public-private mixed laboratories will enable the development of new ultra high performance materials and their integration within manufacturing processes in growth areas of the electronics sector in France.
With 6,150 employees and former employees subscribing for 535,013 shares totalling 29.2 million euros, the third capital increase operation reserved for Arkema employees has set a record in terms of amount invested and number of participants. This operation is a reflection of the employees’ confidence in the development of their Group. The share of Arkema’s capital held by its employees now stands at 5.5%.
Arkema has finalized the acquisition of Chinese companies Hipro Polymers, a producer of specialty biosourced polyamides 10.10, and Casda Biomaterials, the world’s leading producer of sebacic acid processed from castor oil.
Announced on November 8th 2011, this project to acquire the specialty alcoxylate business of SEPPIC* was finalized on December 31st 2011 as planned. This specialty chemicals range will enable Arkema to extend its surfactant range and bolster its positions in industrial niche markets with high growth potential.
Opening by the European commission of proceedings concerning anti competitive arrangements and abuse of a dominant position as regards the commercialisation of a new fluorine refrigerant (1234yf) for car air conditioning
Divestment of Vinyl Products business segment to the Klesch Group, specializing in the development of commodity-related industrial activities Creation of an independent and integrated leader in the European PVC industry, to be headquartered in Lyon. Establishment of a dedicated management team from Arkema, as well as a strong financial structure at the service of an ambitious industrial project. Transfer with no restructuring of the industrial plants: the employees concerned by this project retain the specific terms of their employment contracts. Arkema refocuses on its specialty activities: Industrial Chemicals and Performance Products segments.
Arkema announces a project to acquire Chinese companies Hipro Polymers, a fast-expanding producer of biosourced polyamide 10.10, and Casda Biomaterials, world leader in sebacic acid, derived from castor oil and used in particular to manufacture this polyamide 10.10.
Arkema today presented to the Central Works Council a project for the new organization of the chlorochemicals and hydrogen peroxide activities at its Jarrie site. The project, which aims to minimize significantly the local community’s exposure to risk as part of the Technological Risk Prevention Plan (“PPRT”), entails the conversion of mercury electrolysis in particular. It will also help consolidate the site’s hydrogen peroxide manufacturing activity while improving the competitiveness of the chlorochemicals operations.
Arkema has announced a project to acquire the industrial applications specialty alcoxylate* business of SEPPIC**. This new product range would allow Arkema to extend its surfactant range and bolster its positions in industrial niche markets with high growth potential.
At a press trip to China on October 11th and 12th, Thierry Le Hénaff, Chairman and Chief Executive Officer of Arkema, will inaugurate two new units on the Group’s Changshu site near Shanghai, for the production of fluorinated polymers (PVDF Kynar®) and rheology additives (Coatex). At the same time, he also announced the creation of a Research and Development Center on the same site.
Announced last December, Arkema’s acquisition from Total of coatings resins from both Cray Valley and Cook Composites and Polymers, and the photocure resins of Sartomer has been approved by the antitrust authorities in all countries concerned and is now final. Arkema is pleased to welcome these new businesses, which complement its offering to the coatings market and strengthen the downstream integration of its acrylics business. Representing sales of €850 million, these new activities enable Arkema to become one of the world’s leaders in the materials market for coatings and paints.
Arkema and Canada Fluorspar Inc. (CFI) today have signed a memorandum of understanding that will enable both groups to develop a fluorspar mine in St. Lawrence (Newfoundland, Canada). The investment of some C$ 100 million will provide Arkema with long-term competitive access to strategic feedstock for its fluorochemicals operations in North America.
Arkema has just brought on stream successfully and on schedule its new Kynar® PVDF production fluorinated polymer plant at its Changshu site in China. With this additional capacity, Arkema now boasts significant VF2 and PVDF production resources on three continents - Europe, North America and Asia -, and so can provide superior service to its customers in each region.
CJ CheilJedang (CJ Group) and Arkema have agreed a Memorandum of Understanding to build a bio-methionine and thiochemicals platform in South East Asia (Malaysia or Thailand). This project entails the construction of the world’s first world-scale methyl mercaptan integrated bio-methionine plant, which will enable CJ to respond to strong demand for methionine, a sulfur amino acid widely used for animal feed in Asia, and Arkema to better serve its Asian customers from a new industrial platform. The project represents overall investments of $400m split equally between both partners.
The European Competition authorities recently approved an overall aid package by the French State for PPRT financing. Accordingly, the State may now subsidize part of the PPRT at the Jarrie (Isère - France) chemical platform.
Arkema plans to assume ownership of Total’s coatings resins and photocure resins activity (*) mid-2011. On completion of the acquisition, Arkema will have a unique and comprehensive portfolio of coatings materials and technologies. The current acquisition is the latest in a series of acquisitions over four years that will make Arkema a leading supplier serving paint and coating producers around the world. Arkema will present this new positioning through its comprehensive offering focused on innovation and sustainability to the main market players at the European Coatings Show held in Nuremberg from March 29 to 31 2011.
Create a global leader in the Coatings materials market Reinforce downstream acrylics activities in specialty polymers Around €850M sales Implement major development synergies New growth drivers in Asia Arkema announces a project to acquire the Coatings Resins (Cray Valley and Cook Composite Polymers) and Photocure Resins* (Sartomer) businesses of Total’s Specialty Chemicals activities for a €550M enterprise value. Fully in line with its strategy to bolster its specialty product activities, this project would establish Arkema as a leader in the global coatings resins market. It would further increase the downstream integration of its acrylics chain, while offering major potential for growth and synergies.
November 30th 2010 marks the completion of the initial phase in the REACH registration process. Arkema, through its highly dedicated teams, has registered 140 substances on time with the European Chemicals Agency (ECHA).
During its Investor Day that takes place today in Paris, Arkema announces its 2015 targets and emphasizes its growth strategy for the next five years. At the end of this new development phase, in 2015, Arkema has the ambition to generate above 1 billion euros EBITDA, corresponding to 14% (1) EBITDA margin.
With a view to strengthening its high performance polyamide offering in Asia, Arkema announces a threefold production increase at its Changshu plant near Shanghai by 2013. These new polyamide capacities will help Arkema meet the sharply growing demand from its Asian customers, in particular in the automotive and energy markets.
Arkema announced today an ambitious investment plan for its Acrylics sites in Clear Lake and Bayport, Texas. This plan will target acrylic acid and its esters, and will focus on growth opportunities seen for applications in water treatment, super absorbent polymers and enhanced oil & gas recovery. This investments program, for a total amount of $110 M over 3 years, reinforces Arkema’s commitment to the Acrylics chain and its ambition as the #3 global supplier of Acrylics to grow this core strategic business while boosting its competitiveness.
Arkema has announced the acquisition of French company PIEZOTECH which designs and manufactures electroactive fluorinated polymers, thereby enhancing its portfolio with a new range of ultra high performance materials. These specialty polymers will soon have high added value applications in many sectors, including robotics, aerospace, textile, automotive and electronics.
Arkema has announced the construction of a latex plant in China to produce a range of emulsion polymers for use primarily in the coatings and adhesives markets. Arkema will invest $30 million in the new plant located on its Changshu platform. Start-up is expected in late 2012.
Arkema awarded Pierre Potier prize for Kynar Aquatec®, a solvent-free paint resin for more energy-efficient air-conditioning Launched in 2005 by Union des Industries Chimiques (UIC – French Chemical Industries Association) and Fédération Française des sciences pour la Chimie (FFC – French Federation for Chemical Sciences) under the aegis of the French Ministry for Industry, the Pierre Potier prize rewards companies that bring out innovations in the field of sustainable development. This year, Arkema has won top prize with Kynar Aquatec®, a PVDF (polyvinylidene fluoride) resin available for the first time as an aqueous formulation for the manufacture of roofs that reflect sunlight, therefore help reduce air-conditioning costs and achieve major energy savings.
Arkema and SolVin announce the conclusion of an agreement for the purchase, effective July 1st 2010, of their reciprocal minority interests within their joint production entities for VCM (Vinylfos and Vinilis) and PVC (Vinylberre and Vinilis).
The Chinese company Qinghai Salt Lake Industry Group Co., Ltd has opted for Arkema’s PVC production processes for a 230 kT PVC Suspension production plant, a 35 kT PVC Emulsion plant, and a 6 kT Chlorinated PVC plant. As part of the cooperation agreement reached in November 2008 with Arkema, Aker Solutions will prepare the basic engineering for two of the plants initially.
Arkema and Daikin have announced the successful startup of the HFC-125 world-scale production plant built on the Changshu site, China, as part of the Arkema Daikin Advanced Fluorochemicals Co. Ltd joint venture (ADAF), owned 60 % by Arkema and 40 % by Daikin.
The success of this second share capital increase reserved for Arkema employees underlines their confidence in the Group’s development project. Some 3,400 Arkema employees and former employees from 17 countries have subscribed to 824,424 shares in total, increasing the employees’ holdings in Arkema share capital to almost 5 %.
The company Anhui Hwasu Co, Ltd, a subsidiary of the Chinese group Huaibei Mining, has opted for Arkema’s production process for its new 1,000,000 ton PVC production plant in Luquiao, Anhui Province. This project entails two consecutive phases, with the first to be launched in 2011, and will represent the world’s largest PVC production plant. As part of the cooperation agreement reached in November 2008 with Arkema, Aker Solutions will prepare the basic engineering for the plant.
Arkema’s Board of Directors, at a meeting held on November 9th 2009, decided to propose to the next Ordinary General Meeting on June 1st 2010 the appointments of Mrs Isabelle Kocher and Mrs Claire Pedini as Directors of Arkema.
Arkema has presented to its Balan facility’s trade union representatives a plan to shut-down a 30,000 ton PVC production unit on the site in order to strengthen the competitiveness of its Balan plant (France).
Work to extend Arkema’s Kynar® PVDF resin plant in Calvert City (United States / Kentucky) is nearing completion. This latest debottlenecking of around $20 M will ensure a 15% increase in the plant’s production capacity from early 2010.
Colombes, France and Midland, Michigan. – August 3, 2009 – Arkema and The Dow Chemical Company have entered into an agreement for Dow to meet FTC required divestitures related to its acquisition of Rohm and Haas Company. This comes ahead of the November 27, 2009 deadline.
Arkema and its subsidiary Altuglas International today presented to their respective Central Works Councils plans for the reorganization of both the Arkema Carling site and the Altuglas International PMMA Sheet business.
As a guest at a meeting of Institut Français des Administrateurs (IFA), Thierry Le Hénaff, Chairman and CEO of Arkema, spoke about the « role and responsibility of Boards of Directors in preparing the 2009 Annual General Meetings ».
As part of the recentering of its vinyl compound production activities, Arkema announces the sale of its Vanzaghello industrial site activity, just outside Milan, to the Italian company Industrie Generali spa.
As part of its strategy to further expand in performance materials, Arkema announces the acquisition of the US company Oxford Performance Materials, Inc. (OPM), maker of polyether ketone ketone ultra-high-performance technical polymers marketed under the brandname OXPEKK®, with sales of the order of $ 2 M.
CECA, Arkema’s Specialty Chemicals business unit, has today announced the acquisition of the Italian company Winkelmann Mineraria. This company’s main activity is expanded perlite manufacture for the agro-food market, and its annual sales are of the order of € 6 M.
Arkema announces a project to acquire the Organic Peroxide Business of the American company GEO Specialty Chemicals. With annual sales of approximately $ 30M, this business will reinforce the Performance Products segment of Arkema, in line with Arkema’s transformation strategy.
Arkema France presented today at an Extraordinary Central Works Council a project for the reorganization of two industrial sites within the Vinyl Products segment. This plan includes: the closure of aluminium chloride production on the Jarrie site (France) and vinyl chloride / vinyl acetate copolymer production on the Saint-Auban site (France), two structurally loss-making businesses which impact the segment’s results; the adaptation of organizations of these sites to the new industrial scope, and the reduction of production costs in excess which affect their results. As part of this reorganization, some support functions of Arkema’s Saint-Auban site would join a platform gathering several industrial players involved in new businesses, in particular the production of photovoltaic silicon. This industrial platform would enable these various players to benefit from many synergies, in particular by pooling industrial services and supply of utilities.
At a Central Works Council meeting of Alphacan, an Arkema group subsidiary, the management has informed the trade unions of a project to reorganize the French activities of its Profiles business, which would result, in particular, in the closure of the Hasparren site (France). This project will be discussed at an Extraordinary Central Works Council meeting on December 11.
Arkema France today presented to the Central Works Council a project for the future organization of its goods and services procurement, aimed at centralizing within the Lyon region all purchasing functions for its various industrial sites.
Arkema and Aker Solutions have signed a memorandum of understanding for global cooperation on marketing Arkema’s proprietary PVC technology. Under the terms of this proposed cooperation, Arkema will provide its proprietary technology and start-up technical services, whilst Aker Solutions will supply process design, engineering and construction services.
On October 14th 2008 Arkema was awarded the ‘Fils d’Or’ top prize for best individual shareholder department in the CAC-Mid100 category at a financial communication event organized by La Vie Financière, Les Echos and Synerfil.
The world leader in hydrazine chemistry, Arkema has invested nearly € 10 M in its Lannemezan industrial facility (France) where the world’s largest hydrazine hydrate plant operates an efficient and environmentally sound process.
Effective September 1st 2008, Frédéric MAROT-ACHILLAS, currently Managing Director of the PVC Business Unit, is being appointed Managing Director of the Technical Polymers Business Unit. On the same date, Bertrand JAUSSEME will be joining Arkema as Managing Director of the PVC Business Unit.
On Monday August 18th around 1.45 p.m, a small explosion on an electrolysis cell of one of our three chlorine units (which produce chlorine, hydrogen and caustic soda) of our Lavera plant started a fire.
Arkema, the world leader in the odorization of natural gas and liquefied petroleum gas (LPG), announces the acquisition of Odor-Tech Inc. which specializes in the production, storage and marketing of odorant blends for the gas market. The contribution from this activity, which reported sales approaching $ 8M in 2007, will bolster Arkema’s position in the NorthAmerican odorants market.
The management of Alphacan, an Arkema subsidiary, yesterday presented to the Central Works Council a draft reorganization plan to improve the Company’s competitiveness by optimizing its structures and reducing its operating costs.
The European Commission today has given its green light for the funding by OSEO¹ , amounting to € 46 M out of a total cost of € 107 M, of the Genesis program, coordinated by Arkema, which is opening the way for the development in Europe of an innovative and competitive sector in nanostructured materials.
The success of the first share capital increase underlines the personnel’s confidence in and commitment to Arkema’s industrial project aimed at creating value over the long term. Some 4,000 employees from 19 countries have subscribed to 618,462 shares in total, thereby doubling the quota of employee shareholding to over 2 %.
Arkema has announced a plan to reduce greenhouse gas emissions from its Forane® 22 production plant at the Changshu industrial facility in China, by incinerating HFC 23, a by-product of HCFC 22 manufacture.
REGULATED INFORMATION Arkema informs its shareholders that they will be shortly invited to the Combined General Meeting (ordinary and extraordinary) to be held on Tuesday, May 20th, 2008 at 4.30 p.m. at the Palais des Congrès, 2 place de la Porte Maillot, 75017 Paris.
Arkema today announced the proposed acquisition by its subsidiary CECA of the "Activated Carbon and Regeneration" business of SNF Italia, a subsidiary of the SNF FLOERGER group. This activity, based in Italy, achieves annual sales of the order of €4 M in the European environment market.
Arkema today presented to the Central Works Council a proposed agreement with Japanese company Sumitomo Seika for the sale to Sumitomo Seika of its business in superabsorbent polymers which will be toll-manufactured by Arkema on its Carling industrial site.
Arkema has today presented to the Central Works Council a project for the creation of two Shared Services Centers (SSCs) for its Human Resources and Accounting functions. These centers would be based in the Lyon region and at Arkema’s Headquarters in Colombes.
Arkema has today presented at an extraordinary meeting of the Works Council a draft plan to reorganize its Serquigny industrial facility by enhancing its productivity through organizational changes. The plan involves a € 13 M investment for the manufacture of new generation products.
Pierre CHANOINE will be appointed, on February 1st, member of Arkema's Executive Committee, succeeding Philippe GOEBEL. Pierre CHANOINE will remain in charge of the Fluorochemicals Business Unit and will supervise the Technical Polymers and Specialty Chemicals (CECA) Business Units.
The management of the Arkema Marseille Saint-Menet facility has today presented to an extraordinary meeting of the Works Council a plan for the site’s future aimed at consolidating its activities over the long term by enhancing its reliability and competitiveness, which would entail the loss of 48.5 jobs, and by increasing its production capacity by 10%.
2007 financial target raised: 20% EBITDA growth confidence for 2008 thanks to density of internal projects undertaken: productivity, growth and portfolio management confirmation of 12% EBITDA margin target for by 2010
- strategic partnership with Daikin for the production and marketing of new generation refrigerant fluids in the Asia-Pacific region - construction of a Kynar® fluorinated polymer (PVDF) production plant on the Changshu industrial platform - doubling of production capacity for heat-stabilizers in Beijing
Arkema and Daikin join forces to produce and market new generation refrigerant fluids in Asia-Pacific, creating the region’s leader for fluorinated gas. Arkema announces the creation of two joint ventures in partnership with Daikin, one for the production of HFC-125 on the Chinese site of Changshu, and the other for the marketing in the Asia-Pacific region of refrigerant fluid blends. The expertise of both companies in HFC production and blending associated with their market position establish this partnership as the leader for refrigerant fluids in the Asia-Pacific region.
Arkema announces the planned acquisition of the Coatex group currently wholly owned by the Omya Group. This first acquisition is fully in line with the external growth strategy announced by Arkema for its core business, aiming at reinforcing high added value activities.
The senior management of CECA, Arkema’s Specialty Chemicals business unit, presented a plan to recenter its specialty surfactant business to the Central Works Council on June 14th 2007. This project includes in particular the acquisition of Akzo Nobel’s anticaking additives and the divestment of its commodity primary amine activity.
The management of the Vlissingen site have presented a plan for the site’s future to the Company Works Council in order to restore the competitiveness of this facility which is part of Functional Additives business unit. The Company Works Council will give its advice on July 11.
Arkema announces the sale to the company Hexion Specialty Chemicals of its Urea Formaldehyde Resins business, based on the Leuna site in Germany. The sale of this activity, which reports annual sales close to € 100 M, falls in line with Arkema’s strategy for a selective management on its asset portfolio.
Arkema announces the sale to Taminco of its Specialty Amines activity produced in the Riverview (Michigan) facility. Part of the Thiochemicals business unit, this activity generates sales of some $ 72 M. This divestment is part of Arkema’s strategy for a selective management of its asset portfolio.
Arkema informs its shareholders that they will be shortly invited to the Combined General Meeting (Ordinary and Extraordinary) to be held on Tuesday, June 5th, 2007 at 4 p.m. (on second notice) at the Palais des Congrès, 2 place de la Porte Maillot, 75017 Paris*.
Arkema is reorganizing its Vinyl Products business segment, by splitting its Chlorochemicals and PVC business unit into two separate business units: Chlorine/Soda and PVC. The other two business units, Vinyl Compounds and Pipes/Profiles (Alphacan), remain unchanged. Moreover, the Vinyl Products business segment will have its own industrial management structure for its entire activity. As part of this reorganization, Otto Takken, Vinyl Products Vice President, has announced the following appointments: Frédéric Marot-Achillas, Group President PVC business unit, Denis Tual, Group President Chlorine/Soda business unit, Gérard Robert, Industrial Director for the Vinyl Products business segment.
Refocusing of the Pierre-Bénite plant on its most efficient activities to turn it into a competitive European site in Fluorochemicals. Creation in Pierre-Bénite of a world-scale IT hub. Relocation to Saint-Fons of the PVC business unit team. Firmly anchored in the Rhône-Alpes region with 8 facilities and some 2,500 direct jobs, the Arkema Group has chosen the Lyon region to set up its worldwide IT hub in Pierre-Bénite and to transfer the personnel of its PVC business unit to Saint-Fons. Arkema’s senior management have today presented to the Central Works Council a draft plan to restore the competitiveness of the Pierre-Bénite plant by strengthening its most efficient activities and shutting down its structurally loss-making production plants. This plan demonstrates Arkema’s commitment to turn the Pierre-Bénite facility into the flagship site of its Fluorochemicals business in Europe, and to remain a major and efficient economic player in the Rhône-Alpes region.
To improve its position in the global DMDS (dimethyl disulfide) market and better meet customer needs, Arkema has announced a 30% increase in the production capacity of its Lacq plant (France / Pyrénées-Atlantiques).
The world’s third leading hydrogen peroxide producer, Arkema is launching a major expansion plan at its Jarrie facility (Isère - France) in 2007. Overall investments of some € 7 million will help enhance the plants’ reliability and increase commercial grade hydrogen peroxide production capacity by 10% to 115,000 metric ton per year, therefore consolidating the site’s long-term competitive position.
The management of the Arkema Lacq - Mourenx facility has today presented to the Works Council a project for the site’s future designed to restore its competitiveness by optimizing its operation and investing into the development of its growth activities.
Arkema, a leading French chemical company and Essar Chemicals Ltd., part of India's Essar Group, have announced the signing of a Memorandum of Understanding to study the feasibility of a 50/50 joint venture in India for the production and commercialization of acrylic acid and esters.
The management of Soveplast’s Chantonnay facilities (France / Vendée) has today presented to the Works Council a project for the future of its activities designed to restore the site’s competitiveness by optimizing its organization and investing into the development of new products.
Following a successful startup mid-2005, Arkema announces a 15% capacity increase for its High Content Ethylene – Vinyl Acetate (HC EVA) copolymer production plant at its Balan industrial facility. This capacity increase will come on stream at the end of 2006, and will allow Arkema to pursue its development strategy in growth markets, while consolidating its commercial rankings in particular in Europe.
Thierry Le Hénaff, Arkema President and CEO, has today signed the Global Charter of the ICCA (International Council of Chemical Associations) that commits signatory companies to a sustainable development drive by improving their safety, health and environmental performance, and by fostering dialog with all stakeholders.
Arkema presented today to its Central Works Council a project for the future of its Headquarters presently based in Paris La Défense, designed to streamline organizations and reduce the operating costs.
Arkema today submitted to the Central Works Committee a plan to shut down operations at the Loison-sous-Lens production plant in northern France, due to recurring losses and a cost structure that is no longer aligned with market demands.
Arkema announces three projects to reinforce the competitiveness of its Performance Products segment. These projects concern the Technical Polymers, Additives, and Specialty Chemicals business units. The implementation of these three projects should result in the reduction of 91 positions overall*.
Arkema has today presented to the Works Council of its Serquigny industrial facility a project concerning the Rilsan® polyamide powder production units, aimed at boosting the competitiveness of the site while consolidating Arkema’s world leading ranking in this area over the long term.
CECA, Arkema’s Specialty Chemicals business unit, has today presented to a Central Works Council extraordinary meeting a project for the closure of its operations at its Pierrefitte-Nestalas industrial facilities (France / Hautes-Pyrénées), and the future growth of its Phosphorus Specialties business, in particular through new production capacities in China, with the aim of restauring the competitiveness of this activity.
Arkema, worldwide leader in the high performance technical polymer polyvinylidene fluoride (PVDF) distributed under the tradename Kynar®, announces that it intends to increase its production capacity at its Calvert City (KY, USA) facility by over 2,000 tons a year. The investment is expected to be $12 million.