In line with its ambition to expand in high growth regions, Bostik, subsidiary of Arkema, extends its production capacities in Bangalore (India). This new hot melt pressure sensitive adhesives (HMPSA) production units will enhance the global adhesives specialist ability to serve customers in the Disposable Hygiene market.
Arkema and Hydro-Québec, through its subsidiary SCE France, have announced the signature of a partnership for the creation of a joint laboratory for research and development in the energy storage sector. More specifically, this laboratory will focus its work on the development of a new generation of materials for the manufacture of lithium-ion batteries, in particular new electrolytes (solvents, lithium salts, etc.) and conduction agents (carbon nanotubes, conductive polymers, etc.).
The annual combined general meeting of Arkema’s shareholders approved on 2 June 2015 the distribution of a €1.85 dividend per share for 2014 with an option for each shareholder to receive the payment of its entire dividend in new Arkema shares. The issue price of the new shares has been set at €61.64.
As part of its sponsorship, Bostik will participate in the famous Tour de France ‘Publicity Caravan’ which accompanies the race. Three eye-catching promotional vehicles will take part in this unique spectacle and will treat spectators to a variety of gifts and giveaways while they await the riders. The vehicles will promote Bostik’s brands and adhesive products with the famous Bostik gecko playing a prominent role in the designs.
To support its customers’ growth, in particular in the refining and petrochemicals sector of Asia and the Middle East, Arkema, through its subsidiary CECA, an adsorption and filtration specialist, announces a project to double production capacity for its specialty molecular sieves. This capacity extension, representing capital expenditure of some €60 million, will take place in France on the Honfleur site dedicated to molecular sieves, with start-up scheduled for summer 2016.
At its Capital Markets Day organized today, Arkema presents its strategy and its ambition for the coming years and confirms its mid- and long-term objectives. On this occasion, the Group also details the success of its in-depth transformation achieved since its stock market listing and the projects and strategic orientations that will drive its future growth.
• Christophe Villain is being appointed Managing Director of the Fluorogas business unit
• Michelle Williams is being appointed Managing Director of the PMMA (Altuglas International) business unit
• Manny Katz is being appointed Managing Director of the Hydrogen Peroxide business unit
• Romuald de Haut de Sigy is being appointed Managing Director of the Organic Peroxides activity
• Erwoan Pezron is being appointed Managing Director of the Technical Polymers business unit
For the first time in France, a Boeing 737-800 from the fleet of Air France-KLM subsidiary, Transavia, features a unique livery and logo which will promote Bostik's new branding and identity across Europe. This unique contract between two French companies with international ambitions and operations highlights the expertise of Bostik, a specialist in adhesives for aerospace applications.
Providing local communities with a regional and competitive source of energy to supply existing district heating sums up the objective of the draft technical study recently signed by the Grand Lyon area and a number of manufacturers operating in the Vallée de la Chimie, including Arkema.
Arkema plans to divest its Sunclear subsidiary, its plastic and aluminium sheet distribution business, to BF Invest, a historical commercial partner of Sunclear. This project is consistent with its program to divest €700 million sales aimed at pursuing the Group’s strategy to refocus on its core business.
On March, 12th 2015, Chinese traditional Arbor Day, all the employees and subcontractors of the Arkema’s hydrogen peroxide plant at Shanghai have seeded a special tree. This tree called “Energy-saving commitment tree” gave the start to a program of energy savings promotion in the whole factory.
Arkema Poland won the 1st Award among small firms (up to 50 people) in the regional stage of the contest "Employer - organizer of safe work" organized by the Polish State Labor Inspectorate. Our Polish plant located in Inowrocław manufactures molecular sieves (CECA).
On 4 June 2015, in the presence of His Royal Highness the Sultan of Terengganu and the Federal and State Government authorities of Malaysia, Arkema and CJ invited 500 guests to the inauguration ceremony of their joint platform on the Kerteh site in Terengganu.
Altuglas® Signature is the result of the research of Altuglas International. The implementation of a unique process facilitated the development of this luxury line of acrylic sheet:an original collection of 7 fine-thread, lace or non-woven materials, included in the acrylic sheet
Arkema’s shareholders, who represented 62.5 % of the shares carrying votes, adopted all the resolutions submitted to the annual general meeting held today, in particular:
- Approval of the 2014 Company’s and consolidated financial statements
- €1.85 dividend per share with option for payment in shares
- Composition of the Board: approval of renewal of terms of office and appointment
Effective 1st July 2015, Arkema has named Richard Rowe as CEO of Arkema Inc., the group's operations in North America. Rowe succeeds Bernard Roche, CEO since 2008, who is retiring after 42 years with the Arkema organization.
With expertise in sulfur chemistry spanning over 50 years, Arkema is the world’s n° 1 for gas odorants, and offers the largest product range for the odorization of natural gas and liquefied petroleum gas (LPG). The Group will take part in the World Gas Conference held in Paris from 1st to 5th June to showcase its portfolio of odorant products and its unique Odorflex® service package for distributors and end-customers.
The many programs rolled out by Arkema which Gérard Langlais, Director of Sustainable Development at Arkema, were addressed at the "Fast Mitigation for High-Emitting Sectors" conference organized by the BSR association on Friday 22 May in Paris.
Innovative 2014, styled in a consumer magazine format, acquaints shareholders, journalists, students… with Arkema’s activities simply and concisely. This latest report aptly illustrates the Group’s growth strategy: combine performance, innovation and sustainable development.
Arkema’s Board of Directors, at a meeting on 5 May 2015, decided to propose to the forthcoming annual general meeting on 2 June 2015 the appointment of Mrs Hélène Moreau-Leroy as Director of Arkema for a four-year term. Hélène Moreau-Leroy is Chairman and CEO of Hispano-Suiza (Safran Group) and has been a member of the Safran Executive Committee since 1st July 2013.
Arkema, the world’s number 1 for specialty polyamides, expands its offering with Rilsan® S, a new biosourced polyamide 6.10 range, partially processed from castor oil. Manufactured at its Zhangjiagang facility in China, it closes the gap between long-chain polyamides and PA6/PA6.6.
Arkema will exhibit its Platamid® high performance copolyamide hotmelt adhesives at Techtextil, the only dedicated show for technical textiles and nonwovens covering all industries, held May 4 to 7, 2015 in Frankfurt (Germany). The Group will present its new soft hand Platamid® grade dedicated to the sportswear, apparel and undergarment market and to technical textiles.
Marketed under the trademark Evatane®, Arkema's EVA products are functional polyolefins used in diverse industrial applications, including hotmelt, cable, multilayer packaging film, technical polymer modification, solar panel, petroleum additives, bitumen and ink.
Arkema joins in the celebration of the World Day for Safety and Health at Work, which since 2003 has been organized by the International Labour Organization (ILO) on April 28 every year with the aim of preventing occupational accidents and diseases. Arkema is putting in place a large number of initiatives to promote and heighten awareness of a "safety culture" across its sites around the world.
Arkema, a world leader in materials for coatings and paints, has a multi-technology and multi-product offering, unique in the coatings and paints industrial market. The Group is showcasing its complete offering at the European Coatings Show in Nuremberg from April 21 to 23, 2015 (Hall 4A - Stand 328).
The Coating Resins business of Arkema has expanded acrylic resin manufacturing capacity in Araçariguama, Brazil by 60 percent. The new reactor will enable manufacturing of Arkema’s product chemistries previously unavailable in the region.
Drawing on some thirty years’ experience in bottle glass coating, Arkema’s Glass Coating Department teams have come to the realization that the sector’s players need to be better informed of the issue and challenges of a proper use of glass coating products.
Japan is a key country for Arkema and its performance products. Arkema has an R&D center in Kyoto dedicated to high performance polymers and an application laboratory in Yokohama dedicated to coatings.
Water is one of the global challenges of the 21st century, and a major concern for both man and industry. To mark World Water Day, this Sunday 22 March, Arkema presents its solutions for contributing to provide quality water accessible to everyone, and reaffirms its undertaking as a committed chemicals manufacturer to address environmental requirements.
Building on two years of success on board Lalou Roucayrol’s trimaran, Arkema speeds up innovation and scales up its involvement in sailing. The Group is committed to a further four years, and opens a new chapter. Indeed it will participate in the building of a prototype, a Mini 6.50 monohull, which will house all its latest technologies. In the meantime, the Multi50, a veritable « formula 1 » of the seas, will continue to amply benefit from Arkema’s latest innovations in order to be all set for the Route du Rhum race in 2018.
Arkema has developed Orevac® 18341, a new maleated polyethylene for the production of halogen-free flame retardant (HFFR) compounds used in cable applications. Orevac® 18341 is especially useful in improving water ageing resistance.
Arkema is actively developing its new Kepstan® PEKK (Poly-Ether-Ketone-Ketone) ultra high performance polymer with applications in the fields of carbon fiber composites and 3D printing. Success in these fields has prompted Arkema to increase its production capacities in France now and in the United States in the near future.
Composite solutions for lighter materials represent one of Arkema’s key research areas. The Group recently launched a number of innovations for the aerospace, automotive, yachting and wind power sectors.
• €5,952 million sales, 1.4% down on 2013 at constant scope of business and foreign exchange rate
• €784 million EBITDA (€902 million in 2013), with €162 million EBITDA in 4Q, at the same level as last year
• 2014 EBITDA margin down at 13.2%, but remains solid in a market environment impacted by fluorogases and acrylics
• €167 million net income Group share, stable compared to 2013
Arkema reinforces its organic peroxide operations with the acquisition of Italian company Oxido, a European player in the formulation of organic peroxides used primarily in synthetic rubber crosslinking.
To expand its current offer to the composites industry, Arkema is launching the Polystrand® range of products in Europe, featuring a full range of glass-reinforced thermoplastic tapes and prepregs. These high performance materials are giving access to lightweight, recyclable and structural composites, for the automotive, transportation, energy, consumer and construction markets.
Arkema has a new grade of Kynar® PVDF resin that provides a whole new set of properties for PVDF. Kynar® UHM™ resin has a high flexural modulus, heat deflection temperature, abrasion resistance, tensile strength, pressure capability and, at the same time, offers excellent creep resistance.
Arkema and Jurong Chemical announce today that they have concluded an agreement regarding the next steps of their cooperation in Acrylics in China. This agreement extends, until January 2016, the period for Arkema to exercise its call option to access a total of 320,000 t/year acrylic acid production capacity.
Kynar 500® PVDF resin, a pioneering fluoropolymer chemistry that provides coatings with remarkable durability, weather resistance and color retention properties, marks its 50th anniversary as demand continues to be strong in architectural applications, where exceptional performance is required.
Effective 3 February 2015, Bernard Pinatel, currently CEO of Bostik, is being appointed a member of Arkema’s Executive Committee. He will succeed Pierre Chanoine who is retiring. Meanwhile, the structure of Arkema’s business segments is changing in the wake of the acquisition of Bostik.
Arkema finalized the acquisition of Bostik, the world’s no. 3 in adhesives, on 2 February. With this acquisition, the Group reaches a new milestone in its development, and confirms its ambition to become a world leader in specialty chemicals and advanced materials. Bostik’s growth prospects and the complementarities identified between the two groups will sustain the success of this high value creating project.
· First thiochemicals industrial platform in Asia
· Strengthening of Arkema’s world leading position in this product line
· Development in a fast growing region, in particular in the animal feed, petrochemicals and refining markets
In 2006, the first Responsible Care® Charter was signed in France by the French Union des Industries Chimiques and its member companies, including Arkema. By signing this latest charter, Arkema renews its commitment to sustainable growth while continuously working towards improvements in safety and the protection of health and the environment in accordance with the guiding principles of the ICCA(*).
A world leader in high performance polymers, Arkema offers a diverse range of materials for the manufacture of prototypes and functional technical short runs, using the laser sintering technology, the 3D printing/UV curing process, or molding for high-tech parts. Arkema will showcase its product range at the 20th edition of EuroMold, held in Frankfurt from November 25th to 27th. This is the opportunity for Arkema to position for the first time on medical applications, with its fine powders for laser sintering.
Arkema becomes the ninth member of the TfS initiative, founded in 2011 by BASF, Bayer, Evonik Industries, Henkel, Lanxess and Solvay. The initiative has been built over sustainability best practices, principles to which Arkema adheres such as United Nations Global Compact and the Responsible Care® global charter as well as established standards like International Standard Organization (ISO), International Labor Organization (ILO) and many others.
Lalou Roucayrol sails across the finish line in second position in the Multi50 class of the prestigious transatlantic solo race. On board the Arkema-Région Aquitaine trimaran and its on-board innovations, he has broken his own record in a Multi50 boat by almost 4 days.
Arkema boasts world-unique expertise in glass coatings for returnable bottles. The chemical Group is the only company to offer bottlers a glass protection technology, Kercoat®, which delays the onset of white marks and scuffing. It also offers a masking product, Opticoat®, to help conceal scratches. Kercoat® and Opticoat® complement each other and so considerably improve the appearance and service life of bottles. Arkema will present both solutions at the Brau tradeshow in Nüremberg from November 11 to 13 2014.
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.
Arkema, a chemicals world major, CEA, a research public body in energy and technological innovation, and Arjowiggins Creative Papers, the world leader in technical paper, have set up the first European initiative to promote collaborative innovation in the field of printed electronics.
In order to guarantee flawless bottles to bottle manufacturers, Arkema developed major technological innovations in protective coatings, combined with an audit and training service, and a product certification that is unique in the profession. This comprehensive approach, Certin™ Advance, helps bottle manufacturers considerably improve the service they supply to their customers in the beverage industry.
Arkema will be presenting this Certin™ Advance program at the upcoming Glasstec 2014 trade show (stand G03, Hall 13) in Düsseldorf from 21 to 24 October.
Chillventa, the leading trade fair in the refrigeration, air-conditioning, ventilation and heat pump markets in Europe, is being held in Nuremberg from 14 to 16 October 2014. Arkema will be showcasing its refrigerant substitutes designed to address the definitive ban on recycled R-22 and other HCFCs (2nd generation refrigerant gases) at the end of 2014. Arkema will also be presenting its refrigerant solutions to help users adapt to the latest F-Gas regulation.
Arkema’s stand will be located in Hall 1 (Stand 214).
Arkema offers a comprehensive portfolio of technical polymers : the Group is the only chemical company in the world to offer the three families of long chain polyamides (polyamide 10, 11 and 12) and also PVDF fluoropolymers, adapted to all plastics technologies; injection moulding, extrusion technology or thermoforming. At Fakuma 2014, Arkema will display its latest innovations, espacially oriented for demanding industrial and automotive applications.
Arkema will participate at the Composites Europe fair in Düsseldorf, from October 7th to 9th, and at the CAMX Expo in Orlando, Florida, from October 14th to 16th. Arkema will showcase its new range of Elium®, the first thermoplastic resins that can be processed on the same equipment as thermoset resins. Several RTM live demos will be performed with the Patriot Thermoplastic Innovator injection machine from Magnum Venus Products (MVP), to demonstrate the ease of processing of this new technology.
• 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
The intermediate products of Arkema are used in many processes in the chemical industry: solvents, diluents, thickeners, reagents, synthesis intermediates, acid scavengers, neutralizing agents and reaction initiators. Its range of hydrazine derivatives, amines, oxygenated solvents and other synthetic intermediates based on sulphur chemistry (e.g. methane sulfonic acid, thioacetic acid) or fluorinated chemistry are indispensable. They are used not only in pharmaceutical but also in cosmetic applications.
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.