Arkema Continues to Refocus Functional Additives Business
Year:2009 ISSUE:17
COLUMN:M & A, BUSINESS & TRADE
Click:204    DateTime:Jun.16,2009
Arkema Continues to Refocus Functional Additives Business     

Arkema announced on May 5th the sale of two families of additives produced in China to the Hoe Seng Co Pte Ltd group (Singapore): ceramic opacifiers and polyester resin catalysts.
   Production of these additives is based in southern China, on the Guangzhou site which employs 105 people and accounts for annual sales of the order of Euro 13 million.
   "The sale of these non-strategic activities for Arkema will enable us to focus our resources on the development of other core business segments in which we offer genuine added value and hold leading positions," explains Richard Rowe, Managing Director of the Functional Additives business unit.