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(Arkema) -- Arkema presented to the
Central Works Council a plan for the spinoff and divestment of its Vinyl
Products activities. By refocusing on its specialty activities, namely
Industrial Chemicals and Performance Products, Arkema would continue to
implement its growth strategy in innovative solutions dedicated to sustainable
development and in emerging economies. Accordingly, our Group should assert its
place as a major world player in specialty chemicals, explains Thierry Le
Henaff, Arkema Chairman and Chief Executive Officer.
Since its creation, Arkema has developed world-leading positions in
Industrial Chemicals and Performance Products. At the same time, the Group has
initiated a major program to improve the competitiveness of its Vinyl Products
business segment.
At the end of 2010, the Group reaffirmed this strategy, and announced its
firm ambition for accelerated growth in the specialty chemicals within its
Industrial Chemicals and Performance Products business segments, while
continuing to boost the competitiveness of its Vinyl Products segment. The
pursuit of this strategy in the coming years requires significant investments to
secure the long-term success of each of these activities.
Perspectives of development of the polymers markets, pricing issues and
other important aspects will be discussed at The Polymers
Summit-2011, which will be held in Moscow on November 30, 2011 at the
Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea
of the Summit is to find a "the golden mean" between producers and converters.
When producers receive exactly such margin of production, which helps them to
invest in production expansion in order to substitute polymers imports, and the
converters receive such price of feedstock that helps them to compete imported
finished products. The Summit site gives an access to the live video of the
Summit, speakers" presentations, as well as opportunities to ask questions or
make appointments to any Summit partcipant.
mrcplast.com
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