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The Arkema Group recorded strong growth in volume in the third quarter compared to the second quarter; demonstrating exceptional cash creativity in a still uncertain environment
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On November 4, 2020, Arkema held a board meeting to review the Group's consolidated financial statements for the third quarter of 2020
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Thierry Le Hénaff, Chairman and Chief Executive Officer of Arkema Group, said: "The second quarter was deeply affected by the COVID-19 health crisis, and by the third quarter, global demand recovered, especially thanks to construction Strong growth in the relevant market segments
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In a still volatile and uncertain context, Arkema continues to demonstrate its robustness thanks to the team's responsiveness and day-to-day commitment
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In the medium to long term, Arkema will continue to implement its strategy announced on 2 April
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(1) Specialty Materials consists of three business segments: Adhesive Solutions, Advanced Materials and Coating Solutions
Outlook 2020
Outlook 2020In the fourth quarter, the second wave of the new crown pneumonia outbreak in many countries, especially in Europe, may have an impact on global demand
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As a result, Arkema will continue to focus on factors within its control, in particular cost reduction initiatives and strict management of working capital and capital expenditures
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The Group will also continue to implement its long-term strategy, especially the targeted acquisitions and innovations in major industrial projects and specialty materials to meet the opportunities for sustainable development requirements of customers, as well as conduct a strategic review of the intermediates business, to help the Group in 2024.
The ambitious goal of becoming a pure specialty material manufacturer in 2018
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