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.
Ahead of the next general meeting of shareholders to be held on May 19, 2020, the Arkema Board of Directors, at their meeting today, unanimously decided to propose the renewal of the directorship of Mr. Thierry Le Hénaff, for a period of four years.
Arkema announces the acquisition by Bostik of LIP Bygningsartikler AS (LIP), the Danish leader in tile adhesives, waterproofing systems and floor preparation solutions. Leveraging its strong brand, LIP is a first-class player in the Scandinavian market, recognized by construction professionals for its high-quality products. With strong geographic and commercial synergies, the project will enable Bostik to offer its customers an extended range of high value-added solutions, while boosting its presence in Nordic countries.
This summer, Arkema successfully brought on stream a new 90,000-ton acrylic acid reactor at its Clear Lake, Texas site to support the growth of its North American customers in the superabsorbents, paints, adhesives and water treatment markets.
Effective 1st October 2019, Béatrice Zilm is being appointed Arkema’s Financial Communication Vice President. She replaces Sophie Fouillat who, on the same date, is being appointed Corporate Economy and Strategic Planning Vice President within the Group’s Corporate Strategy Division.
Arkema announces a project to acquire Lambson, a company specializing in photoinitiators for curing, a technology meeting the demands of cutting-edge markets such as electronics, 3D printing, digital ink, composites and high performance coatings. These solutions will complement the offering of Sartomer, a global leader in photocure resins, while helping speed up its development in this fast-growing market. This deal will further strengthen the share of specialties in Arkema’s product portfolio, in line with its long-term ambition.
Arkema announces a project for Bostik to acquire Prochimir, a company specializing in high performance thermobonding adhesive films. This acquisition would enable Bostik to broaden its offering of solvent-free thermobonding solutions earmarked for many fast-growing industrial applications in the automotive, construction, textile and medical markets. It would position Bostik among world-leading players in thermobonding films, and is part of Bostik’s strategy to expand through acquisitions targeting leading technologies in a market that remains fragmented.
On July 1st 2019, Arkema completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining and infrastructure markets. The acquisition of this profitable, resilient and low capital intensive business, which has an accretive impact from the first year, is another milestone in Arkema’s growth journey towards specialties that contributes to further reinforcing the Group’s profile.
The combined annual general meeting of Arkema’s shareholders was held on 21 May 2019 at Théâtre des Sablons in Neuilly-sur-Seine, France, under the chairmanship of Thierry Le Hénaff, Chairman and Chief Executive Officer.
Arkema reaches another milestone in its journey of growth in specialties with the planned acquisition of ArrMaz, a US-based leader in specialty surfactants for crop nutrition, mining and infrastructure.
Arkema has chosen the location of Jurong Island in Singapore to build its new world-scale plant dedicated to the manufacture of the amino 11 monomer and its flagship Rilsan® polyamide 11 resins. With this 50% increase in its global capacities announced in July 2017, the Group supports strong demand from its customers in Asia for high-performance bio-sourced solutions addressing the major opportunity of material lightweighting in particular.
Arkema announces that it filed its 2018 Reference Document with the French Autorité des marchés financiers (AMF) on 11 April 2019. This document is available under the heading Investor Relations in the Financials/Annual Reports section of the Group's website under the following link : www.finance.arkema.com
Arkema has successfully started up the 30% capacity extension of its photocure advanced liquid resin production plant in Nansha, located south of Canton, China. Inaugurated today, this new production line will help to meet the strong demand in Asia in the electronics, 3D printing, adhesives and inkjet printing markets. This investment supports Sartomer’s strategy to develop cutting-edge solutions for advanced and sustainable curing technologies.
The Board of directors decided on 3 April 2019 to propose the appointment, for a 4-year period, of Ian Hudson as independent director and the renewal of the terms of office of Victoire de Margerie, Hélène Moreau-Leroy and Laurent Mignon. In addition, the Board decided to appoint Hélène Moreau-Leroy as senior independent director as of 21 May 2019.