24.10.2016 17:56:00
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Arkema increases its Kynar® fluoropolymer capacities in China
Regulatory News:
Arkema (Paris:AKE) announces a 25% Kynar® PVDF capacity increase on its Changshu platform near Shanghai. This project will help meet the strong demand, in particular in new energies and water treatment applications. This investment will support the Group’s ambition in Technical Polymers, and is part of its strategy to speed up the growth of its High Performance Materials division.
Through this investment, Arkema, which operates production facilities on the three continents - Europe, North America and Asia - consolidates its world-leading position in this business.
Following the doubling of its Kynar® fluoropolymers production capacity in Changshu since 2012, this latest 25% increase in the plant’s capacity will enable Arkema to further support the growth of its customers in Asia, in particular in the new energies (batteries and photovoltaics) and water management markets, as well as in the traditional markets of coatings and industry.
This investment demonstrates the success of the Group’s R&D in the development of innovative applications that address the major issues of sustainable development as well as tomorrow’s challenges.
"With this investment, Changshu will become the largest PVDF plant in Asia. Thanks to its outstanding operating performance in terms of quality, reliability and responsiveness, this plant is a real asset for our customers of this strategic region for the Group”, stated Erwoan Pezron, Global Group President for Arkema’s Technical Polymers business.
A designer of materials and innovative solutions, Arkema shapes materials and creates new uses that accelerate customer performance. Our balanced business portfolio spans high-performance materials, industrial specialties and coating solutions. Our globally recognized brands are ranked among the leaders in the markets we serve. Reporting annual sales of €7.7 billion in 2015, we employ approximately 19,000 people worldwide and operate in close to 50 countries. We are committed to active engagement with all our stakeholders. Our research centers in North America, France and Asia concentrate on advances in bio-based products, new energies, water management, electronic solutions, lightweight materials and design, home efficiency and insulation. For the latest, visit www.arkema.com
Arkema
420, rue d’Estienne d’Orves – F-92705 Colombes Cedex
– France
Tel.: +33 1 49 00 80 80 – Fax: +33 1 49 00 83 96
A
French société anonyme (limited company) with share capital of
€754,701,730 – Registered in Nanterre: RCS 445 074 685
arkema.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20161024006054/en/
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