Eager to sustain its customers’ strong growth, in particular in automotive, 3D-printing, and in consumer goods markets such as sports and electronics, Arkema announces an investment plan of some 300 million euros over five years in the biosourced polyamide 11 chain. This major investment will enable the Group to increase by 50% its polyamide 11 global production capacities. The project falls in line with Arkema’s strategy to speed up its development in advanced materials, one of the key pillars of its future growth, sustained by a unique portfolio of innovations around the main sustainable development trends.
Arkema today announces a project to double its methyl mercaptan production capacity at its Kerteh site in Malaysia to support the strong growth of the animal feed, petrochemical and refining markets in Asia and to strengthen its world leading position in high value added sulfur derivatives.
To support the growth of Sartomer, the world leader in specialty photocure resins, Arkema announces a project to expand by over 30% production capacity at its Nansha facility in China. This new production line will in particular help meet strong customer demand in Asia in the electronics, 3D-printing and inkjet printing cutting-edge markets.
Presenting its long-term growth strategy at its Capital Markets Day on 11 July, Arkema affirms its determination to speed up its development in specialties, which should account for more than 80% of the Group’s sales by 2023. Confident to achieve its 1.3 billion euro EBITDA target in 2017 and in line with its objectives set out for 2020, Arkema announces ambitious financial objectives for 2023 supported by the announcement of several major investment projects in Asia, its innovation drive to address main societal challenges, and its bolt-on acquisition strategy in adhesives.
Arkema, the main sponsor of the Sail for Water NGO, today celebrates the safe return of the crew and the positive outcome of this human and humanitarian adventure. Arkema is committed to universal access to drinking water, and so develops innovative solutions for more efficient and effective filters, which the mission undertaken by the Sail for Water NGO was indeed able to put to the test and validate.
On June 2nd, global leading specialty chemicals company Arkema launched “Better Life, Better Future - ChemArt Innovation Inquiry Program” at Zhangjiagang Lvfeng School, a school for migrant workers’ children in Jiangsu Province. The program furthers and expands the long-term CSR project “Arkema ChemArt Green Innovation Class” under the same theme, deenpening Arkema’s CSR in China. In the meanwhile, “Better Life, Better Future” is officially released as a CSR brand at Arkema. Mr. Ludovic Fortin, General Manager of Arkema (Suzhou) Polyamides Co., Ltd located in Zhangjiagang, attended the opening ceremony. It was followed by a wide range of volunteering activities carried out by employees from Arkema China.
On 28 April 2017, Arkema takes part in the World Day for Safety and Health at Work. Sponsored by the International Labour Organization (ILO), this event focuses on the prevention of occupational accidents and diseases. The Group, which aims to rank among the best chemicals manufacturers in terms of safety, is stepping up its awareness initiatives, in particular through its peer observation program.
Thierry Le Hénaff, Arkema Chairman and Chief Executive Officer, inaugurates the new specialty molecular sieve capacity at the Honfleur plant today. This new plant will enable the Group to support its customers’ growth in the refining and petrochemicals markets, in particular in Asia and the Middle East. This investment of some €60 million supports the development of the High Performance Materials segment, represents one of the Group’s growth drivers, and consolidates its n° 2 world ranking in molecular sieves.
Arkema has just successfully brought on stream new Kynar® PVDF capacities on its Changshu platform near Shanghai. With this 25% increase in its production capacities in China, Arkema, which runs PVDF production plants on 3 continents (Europe, North America and Asia), has consolidated its world leading position in PVDF.
Composites solutions for lightweighting materials represent one of Arkema’s main research vectors. The Group today offers innovative solutions for recyclable high performance composites geared for the automotive and wind power sectors.
Initiated at the time of its 10th anniversary and in line with its CSR commitment, Arkema has set up an Education Fund, its purpose being to help finance projects put forward by Arkema employee volunteers involved in promoting education. Under this new scheme, the Group backs its employees’ work, involvement and commitment around the world. For this first session launched in January 2017, nine educational associations have been singled out.
Arkema completed the acquisition of Den Braven, a leader in high performance sealants for insulation and construction in Europe, on 1st December. With this strong value-creating acquisition, Arkema confirms its long-term ambition for Bostik, and actively pursues the development of its High Performance Materials division.
Arkema Group, the global leading specialty chemicals company, is attending the Chinacoat 2016 tradeshow in Guangzhou, from 30 November to 2 December (Hall 10.2-Stand C25-34). At the trade show, Arkema is introducing a comprehensive range of high performance and durable solutions for paints and coatings, including acrylic monomers, coating resins, high performance additives from Coatex, a broad product range from Sartomer, and Kynar® PVDF for coatings.
Arkema announces a 25% Kynar® PVDF capacity increase on its Changshu platform near Shanghai. This project will help meet the strong demand, in particular in new energies and water treatment applications. This investment will support the Group’s ambition in Technical Polymers, and is part of its strategy to speed up the growth of its High Performance Materials division.
Arkema announced today plans to construct a new leading class polyester powder resin manufacturing facility, the first of its kind in India, on its existing resin platform in Navi Mumbai, Maharashtra. The project, which represents an investment of approximately $US 15M and is targeted for completion in 2018, includes a new manufacturing unit and a dedicated new laboratory to provide both application development and technical support. The new facility will support customers in the fast growing powder coating market.
To support its customers’ growth around the world, in particular in the sports, consumer electronics and automotive markets, Arkema continues to expand its specialty polyamides production capacities in China and the United States.