Arkema will inaugurate a new first-class polyester resin manufacturing facility in Navi Mumbai, Maharashtra on February 13, 2019. This new facility also includes a dedicated laboratory to provide both application development and technical support. The facility will help Arkema better serve customers in the fast growing powder coating market throughout India, as well as the Gulf Region and surrounding countries.
Arkema is expanding in engineering adhesives with the announcement of the acquisition of Afinitica, a Spanish company specializing in instant adhesives, also known as cyanoacrylates. This small targeted acquisition will enable Bostik to develop a solid position in adhesives used in markets with strong growth potential, including electronics and medical equipment, and in many other durable goods manufacturing applications.
Barrday Inc., a major player in the composite market, and Arkema announce the creation of a joint venture to manufacture and market carbon fiber and specialty polymer tapes for the growing oil and gas industrial market.
Arkema announced a project to increase its linear mercaptans production capacities to support the demand growth of polymers for transportation and electronics markets. This incremental investment would increase the Houston (Texas) plant’s manufacturing capacity by up to 30 percent.
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.