Arkema acquires full ownership in Taixing Sunke Chemicals JV
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Arkema acquires full ownership in Taixing Sunke Chemicals JV

9:24 AM, 27th September 2019
Arkema logo

COLOMBES, FRANCE: Arkema has completed the acquisition of its partner’s stake in Taixing Sunke Chemicals Co. Ltd. 

Taixing Sunke Chemicals is a manufacturing joint venture between Arkema, the major share-holder, and Taixing Jurong, established in 2014. The site is a leading manufacturer in of acrylic acid and butyl acrylate. Arkema now becomes the sole shareholder of the company.

With this transaction, which has approximately €70 million impact on the net debt, the Group will support the growth of its customers in Asia and benefit from greater flexibility to run this business in a region which accounts for more than 50% of the global acrylic acid demand.

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