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.
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.