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Arkema announces three investments
Arkema today unveiled its long-term growth strategy, confirming its goal
of accelerating the development of specialty chemicals and achieving more than 80% of the Group's sales by 2023.
Arkema announced that over the next few years, the Group will pursue strategic growth through innovation, complementary acquisitions and expansion of its high-growth regional business, with a strong focus on specialty chemicals
.
For the attractive but still fragmented adhesive market, Arkema is actively involved in market consolidation, with a focus on lightweight materials, bio-based polymers and consumer product designs
.
Arkema also announces three investment plans:
Significant increase in production capacity of the bio-based PA11 series in Asia Over the next five years, the Arkema Group plans to invest around EUR 300 million in a world-class plant in Asia, focusing on the production of Rilsanö PA11 bio-based polyamide
derived from castor oil.
The plant will also produce aminoundecanoic acid monomer and its polymer Rilsan?PA11, which is expected to be fully commissioned by the end of 2021
.
The new plant will be Arkema's second production site for aminoundecanoic acid monomers, complementing its historic first site in Marseille
, France.
Increasing production capacity of its Sartomer light-curable resins in China Arkema will build a new production line at its Sartomer Nansha site in southern Guangdong, China, with an increase of more than 30% dedicated to UV, LED and EB (electron beam) light-curable resins, which is expected to start production
in early 2019.
The new line will produce innovative, high-performance light-curable resins for cutting-edge applications in
the electronics market.
Malaysia doubles sulphur chemical capacity At the same time, Arkema plans to double the production capacity of methyl mercaptan at its production site in Kerteh, Malaysia, to support strong growth in the animal feed, petrochemical and refining markets in Asia and strengthen its world leadership
in high value-added sulfur derivatives.
