Arkema sells its Vinyl Compounding activity in Vanzaghello, Italy, to Industrie Generali spa

02/09/2009    Press Release

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.

" This divestment falls in line with Arkema’s drive to refocus its vinyl compound range on high-tech applications, in particular in the medical equipment market, an area in which our other Italian site, in Samarate, enjoys world-renowned expertise ", states René Maillot, Managing Director of Arkema’s PVC Compounds Business Unit.

The Vanzaghello activity generates annual sales of the order of € 22 M, and employs 19 people, who will be joining IGS on March 1st 2009, the effective date of the sale.

Arkema is a leading player in vinyl compounds, with industrial facilities in five European countries: Resinoplast (France / Reims), Resil (Belgium / Ghent), Plasgom (Spain / Barcelona), Resitech (Germany / Leipzig), and Resilia (Italy / Samarate and Vanzaghello).

A global chemical company and France’s leading chemicals producer, Arkema consists of three strategically related businesses: Vinyl Products, Industrial Chemicals, and Performance Products. Arkema reports sales of 5.7 billion euros. Arkema has 15,200 employees in over 40 countries and six research centers located in France, the United States and Japan. With internationally recognized brands, Arkema holds leadership positions in its principal markets.