Arkema acquires full ownership in Taixing Sunke Chemicals JV
X
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

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.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


BASF acquires Isobionics; Enters natural flavors & fragrances market

LUDWIGSHAFEN, GERMANY: BASF acquires Isobionics, an innovation leader in biotechnology which is serving the global market for natural flavors & fr ...

Read more
ExxonMobil to sell Norwegian upstream operations for $4.5 billion

IRVING, US: ExxonMobil signed an agreement to sell its non-operated upstream assets in Norway for $4.5 billion to Var Energi AS. This is part of its ...

Read more
BASF increases neopentyl glycol capacity at Verbund site, Germany

LUDWIGSHAFEN, GERMANY: BASF SA has increased the capacity of its neopentyl glycol (NPG) plant at the Verbund site in Ludwigshafen, Germany, by 10,000 ...

Read more
Clariant partners with Merck & Sabic to improve recyclability of PE film

MUTTENZ, SWITZERLAND: Clariant has teamed up with Merck KGaA and Sabic to develop laser-marking technology and materials to ease the recycling process ...

Read more
Grace licenses Unipol technology to BPCL

COLUMBIA, US: W R Grace & Co has licensed its Unipol PP Process Technology to Bharat Petroleum Corporation Limited (BPCL).  Located in ...

Read more
ADM, LG Chem to develop sustainable technology for superabsorbent polymers

CHICAGO, US: Archer Daniels Midland Company and LG Chem announced a joint development agreement to create biobased acrylic acid. It a foundational ele ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X