Arkema, Jurong Chemical joint venture business in acrylic acid production site Taixing, China

Arkema, Jurong Chemical JV for acrylic acid production in China

11:47 AM, 23rd January 2014
Arkema, Jurong Chemical joint venture business

COLOMBES, FRANCE: Arkema and Jurong Chemical, China’s leader in acrylic acid, form joint venture, Sunke, in which Arkema will have a majority interest, comprising the assets of Jurong’s acrylic acid production site in Taixing, China. This acquisition will enable the Group to accelerate the development of its Coating Solutions segment in China and in Asia and to assist its customers in particular in fast-growing markets such as superabsorbents, paints, adhesives, water treatment, etc.

Production capacity for Arkema initially will be 160,000 tonne per year for a $240 million investment, with the option to raise it without delay to 320,000 tonne per year for a further $235 million investment. It represents a new milestone in Arkema’s growth strategy and the achievement of its 2016 targets, in particular by strengthening the Group’s position in high growth countries.

 

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