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Arkema forms JV with Crackless Monomer Co to produce engineering adhesives

January 20/2021

MOSCOW (MRC) -- Arkema is investing in Taiwan-based cyanoacrylate solutions supplier Crackless Monomer Co (CMC), which will enable its subsidiary Bostik to accelerate the development and production of high value-added engineering adhesives, said the company. 

CMC, which will be 51%-owned by Bostik for an investment of around USD11m, will produce specialty cyanoacrylate monomers on an industrial scale, the company said in a statement.

The cyanoacrylate monomers are dedicated notably to the electronics, medical equipment and "DIY" markets, the company said.

CMC is a joint venture between Bostik and Taiwanese company Cartell Chemical Co.

As MRC reported earlier, Arkema said in June, 2020, that it had finalized the divestment of its functional polyolefins business to SK Global Chemical. The divestment was announced last year. Arkema says the sale forms part of its strategy to refocus the group�s activities on specialty materials.

We remind that Russia"s output of chemical products rose in November 2020 by 9.5% year on year. At the same time, production of basic chemicals increased in the first eleven months of 2020 by 6.6% year on year, according to Rosstat"s data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-November 2020 output. November production of polymers in primary form rose to 896,000 tonnes from 852,000 tonnes in October. Overall output of polymers in primary form totalled 9,240,000 tonnes over the stated period, up by 17.1%  year on year.

Arkema is a global manufacturer in specialty chemicals and advanced materials, with 3 business segments - High Performance Materials, Industrial Specialties, and Coating Solutions - and globally recognized brands. The Group reports annual sales of EUR8.8 billion. Buoyed by the collective energy of its 20,000 employees, Arkema operates in close to 55 countries.


mrcplast.com
Author:Anna Larionova
Tags:PVC, EPVC, SPVC, Arkema, Kem One (Arkema).
Category:General News
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