To support the strong worldwide demand in ultra-high performing powders for industrial applications, in particular in the coatings, composite and 3D printing markets, Arkema is to expand its global production capacity at its Mont site (France) by more than 50%. This investment of around €20 M will come on stream in the second half of 2019.
Arkema confirms a detailed investment review, with its partner Novus International, Inc., to double production capacities at Arkema’s Beaumont Thiochemicals site in the United States. This project will support the strong global growth in the animal nutrition market and further strengthens Arkema’s world leading position in high value-added sulfur derivatives.
Arkema has announced the proposed acquisition by the Bostik-Nitta joint-venture of the industrial adhesives of Nitta-Gelatin Inc., as well as the construction of a new world-scale adhesives plant in Japan. These operations will enable Bostik to supply its Japanese customers in the buoyant nonwoven markets for hygiene applications and in the packaging, labelling, transportation and electronics industrial markets.
Effective 1st June 2018, Marie-José Donsion is joining Arkema as Group Chief Financial Officer, replacing Thierry Lemonnier who is taking retirement. Marie-José Donsion will also sit on the Executive Committee.
Over 8,000 Arkema employees have subscribed for 610,405 shares totaling €50 million as part of the sixth capital increase reserved for them. The amounts invested and the high participation rate highlight the employees’ confidence in the Group’s long-term strategy.
Arkema has just successfully brought on stream new Kynar® PVDF capacities in its Calvert-City plant in the United States. With this 20% increase in its US production capacities, Arkema will further support its customers’ strong demand in the region.
To complement its major project in the bio-based polyamide 11, Arkema announces a 25% expansion in its global polyamide 12 polymers production capacities to support its customers’ strong demand in Asia.
Bostik, the Specialty Adhesives business line of Arkema, continues to expand its manufacturing capacities with the opening of a new facility in Gujarat. Together with its existing plant in Bangalore, the new plant will serve the fast growing demand in India for adhesives in industrial markets.
Arkema will increase fluoropolymer (Kynar® PVDF) capacity at its Calvert City plant in the United States by some 20%. The expansion is fueled by strong demand in the new energies and water management markets as well as in more traditional applications (chemical process industry and high performance cables). In line with the strategy presented at its recent Capital Markets Day, this investment, scheduled to start mid-2018, further supports Arkema’s ambition to accelerate the development of its advanced materials, one of the key pillars of its future growth.