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Arkema goes towards 100% specialty chemicals 2024 target

June 01/2021

MOSCOW (MRC) --  Arkema is edging towards its goal of transformation to a pure play specialty materials company by 2024, said th company. 

Thierry Le Henaff said the company will achieve 90% of the objective this year, following the sale of its EUR510m sales polymethyl methacrylate (PMMA) business to Trinseo (closing expected mid-2021) and functional polymers to South Korea�s SK Global Chemical in 2019.

A season yet again disrupted by Covid, but which gave us the opportunity to come up with new forms of engagement at local level, and to prove throughout the year that Arkema was a major partner of women"s football. Partnerships with local women"s football clubs have multiplied since our sponsorship of the FIFA Women"s World Cup in France in 2019.

In France, but also in the United States, 11 of our sites have partnered the women"s branches of football clubs in their region to help develop amateur women"s football. From financing equipment and shirts to contributing to funding the training of coaches, this support aims to provide these clubs with the means to welcome and train young female players of all levels in optimum conditions.

The club of Carrieres sur Seine, in France, sponsored by Arkema "Our sponsorship of Division 1 of women"s football in France gives us legitimacy to help develop the practice of football among young women at all the small clubs near our plants. With these outreach initiatives launched by our plants in the regions in which the Group operates, we want to support these clubs to attract more players and give them the means to train in good conditions. For us, the message is simple: women must be able to find their place on the football pitch and in industry, two historically male worlds."

Congratulations to the communication teams at our French sites in Colombes, Carling, CERDATO in Serquigny, Coatex Genay, GRL in Lacq, Mont, Bostik Privas, Villers-Saint-Paul, Jarrie, as well as our Cary and King of Prussia facilities in the United States, for their commitment to these local clubs.

As per MRC, Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, announced the closing of the previously announced transaction to acquire Arkema�s polymethyl methacrylates (PMMA) business. PMMA is a transparent and rigid resin with a wide range of end uses that augments Trinseo�s existing offerings across several end markets including automotive, building and construction, medical and consumer electronics.

According to ICIS-MRC Price report, in Russia, Nizhnekamskneftekhim"s PS prices remained unchanged in May. Prices of Nizhnekamskneftekhim"s GPPS were in the range of roubles (Rb) 192,000-203,000/tonne, CPT Moscow, including VAT, whereas HIPS prices were at Rb196,000-207,000/tonne CPT Moscow, including VAT. At the same time, May prices of Penoplex"s material fell by Rb15,000/tonne to Rb204,000-206,000/tonne CPT Moscow, including VAT.
Author:Anna Larionova
Tags:acryl, akrilonitril, PVH, EPVC, PVC paste, SPVC, metilmetakrilat (MMA), metilamin, hlormetan, MMA (metilmetakrilat), Arkema, Kem One (Arkema), SK Corporation, Trinseo (Styron).
Category:General News
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