Arkema announces an innovative and long-term partnership with Nutrien Ltd, the largest integrated agricultural company in the world, for the supply of anhydrous hydrogen fluoride to Arkema’s Calvert City (KY) site. This project has many advantages as it secures a competitive access to anhydrous hydrogen fluoride, the main raw material for fluorine chemistry, it supports the growth of fluoropolymers in the attractive segments of water treatment, electronics and batteries, and it offers greater environmental protection than more traditional production processes.
The combined annual general meeting of Arkema’s shareholders was held on 19 May 2020, at the Company’s headquarters in Colombes, France, under the chairmanship of Thierry Le Hénaff, Chairman and Chief Executive Officer.
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.
At a Strategy Update meeting on April 2, Arkema presents its ambition to become a world leader in Specialty Materials realigned around three coherent businesses with attractive growth prospects: Adhesive Solutions, Advanced Materials, and Coating Solutions. The Group unveils its roadmap and its objectives for 2024 at this event. In the context of Covid-19, Arkema also provides an update on the management and the consequences of this unprecedented health crisis.
In response to the COVID-19 epidemic and the health situation, Arkema has decided to repurpose a production line in order to manufacture, starting today, 20 tons of alcohol-based solution per week to be distributed free of charge and as a matter of urgency to hospitals in France.
Arkema is carrying out a capital increase reserved for the current and former employees of the Arkema Group in thirty countries, including France (representing 98 % of the employees of the Group). The subscription period will take place from March 6, 2020 to March 19, 2020 (inclusive).
Thierry Le Hénaff drives change at Arkema’s Executive Committee, in particular through a broader and more diversified representation of the Business Lines, with a view to continuing to adapt the Group to the challenges of today’s and tomorrow’s world.
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.
Arkema announces the proposed divestment of its Functional Polyolefins business to SK Global Chemical, a major chemicals player in South Korea and a subsidiary of SK, the large South-Korean corporation. With this project, Arkema continues its shift towards specialty chemicals and advanced materials.
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.