The Group’s results are in line with expectations, in a first quarter marked by the coronavirus outbreak in Asia and its spread to Europe in March. Stripping out the coronavirus impact, the Group’s performance, in a less favorable economic environment than in 2019, was supported by the resilience of Specialty Materials and, in particular, strong growth of the Adhesive Solutions segment. Moreover, the balance sheet and liquidity levels remain very solid.
In 2019, Arkema achieved a high-level financial performance driven by specialty businesses in an increasingly challenging economic context. The Group generated a record amount of cash whilst maintaining an ambitious level of investments for its future growth.
Arkema is taking action with an ambitious climate plan that is aligned with the Paris Agreement(1). As such, the Group has set a new strategic environmental objective: to reduce its absolute greenhouse gas (GHG) emissions by 38% in 2030 compared to 2015.
On November 15 Arkema inaugurated, in the presence of Thierry Le Hénaff, the Group’s Chairman and CEO, and Hervé Morin, President of the Normandy Region, a new Global Center of Excellence for 3D Printing within its Cerdato Research & Development Center in Serquigny, Normandy (France). Arkema and the Normandy Region intend this new center of excellence dedicated to additive manufacturing based on high-performance polymers, to be of benefit to companies and training organizations in the region, as part of a collaborative initiative striving for swift adoption of these new production methods.