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Arkema has decided not to exercise its option to increase its rights to acrylics capacities in China

- Press release
Finance - Corporate
Arkema had an option, until early 2016, to increase its stake in Taixing Sunke Chemicals, a production joint venture which owns and operates acrylic acid and butyl acrylate production units in Taixing, China, and therefore access an additional 160,000 tons per year acrylic acid capacity.

As the financial terms of the option no longer reflect current market conditions for acrylics in China, Arkema has decided not to exercise this option.

Therefore, Arkema keeps its initial rights to acrylic acid capacities thus supporting the development of its downstream acrylic activities in Asia and its customers’ growth in the region.

In line with its strategy to further strengthen its High Performance Materials segment, the Group could allocate part of the unused funds to make bolt-on acquisitions.

Contacts

Véronique OBRECHT
Corporate Press relations
Arkema
Sophie FOUILLAT
Investor relations
Arie TAIEB
Investor relations
cn
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