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Arkema continues speciality focus

Arkema has complete the sale of its Functional Polyolefins business to SK Global Chemical as previously announced. This is said to be in line with the company’s strategy of refocusing on speciality materials by 2024, as is another new deal with integrated agricultural company Nutrien in the US.

Functional Polyolefins was part of Arkema’s PMMA activity, making ethylene copolymers and terpolymers for the food packaging, cable, electronics and coatings markets. It had sales of about €250 million/year, an and 130 employees, all of whom will transfer to SK.

Arkema to focus on speciality materials

Arkema has held a strategy update meeting, at which it presented “its ambition to become a world leader in speciality materials, realigned around three coherent businesses with attractive growth prospects”. By 2024, it aims to be a pure player in this field with “a resilient and focused portfolio, characterised by high profitability and strong cash generation”.

Azelis buys in Turkey and Lebanon

Azelis has agreed to acquire Ekin Kimya, a major Turkish distributor of speciality chemicals, pharmaceutical and lab chemicals and food ingredients, from Aktas Dıs Ticaret and individual shareholders.

Arkema brings two expansions onstream

Arkema has announced that it has brought a new 90,000 tonnes/year acrylic acid reactor at its site in Clear Lake, Texas, at a cost of about $90 million. This replaces two 45,000 tonnes/year reactors, which have been decommissioned.

Arkema to buy US surfactants maker

France’s Arkema has agreed to acquire ArrMaz, a US manufacturer of speciality surfactants for crop nutrition, mining and infrastructure applications. This is due to be completed in the summer, subject to regulatory approvals.

Castor bean projected extended

Arkema, BASF, Jayant Agro-Organics, an Indian castor oil specialist, and civil society body Solidaridad are to extend their ongoing Pragati project in sustainable castor bean production for a further three years in order to reach more Indian farmers and end users. In particular, it aims to double the number of farmers participating in India’s Gujarat state to 7,000.

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