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Biomaterials

Arkema plans to exit intermediate chemical businesses

by Alex Scott
April 3, 2020 | APPEARED IN VOLUME 98, ISSUE 13

 

Arkema intends to become a specialty chemical pure play by 2024. A key part of its plan is to explore strategic options for its methacrylate business, which the company has placed in a new intermediates division along with its fluorogas and Asian acrylic businesses. The three generated sales of $2 billion in 2019—21% of Arkema’s total. The firm has also created three core specialty chemical divisions: adhesives, advanced materials, and coating materials.

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