Key Developments: Arkema SA (AKE.PA)

AKE.PA on Paris Stock Exchange

17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Arkema SA and Sumitomo Seika Inaugurate New Plant
Tuesday, 22 Oct 2013 05:09am EDT 

Arkema SA and Sumitomo Seika announced the inauguration of the new Sumitomo Seika superabsorbent plant on the Carling site (Moselle, France). The investment will raise the overall superabsorbent production capacity of the Carling facility to 47,000 ton/year. Since 2008, when it took over Arkema SA's superabsorbent business, Sumitomo Seika has been marketing, from the Carling site, an range of superabsorbents under the tradename AQUAKEEPTM.  Full Article

Arkema SA Sign Joint Venture Agreement with Watan Industrial Investment for Construction of Organic Peroxide Production Site on Al Jubail Platform
Monday, 30 Sep 2013 11:40am EDT 

Arkema SA announced that it has signed an agreement with Saudi investment company Watan Industrial Investment for the construction of an organic peroxide production site on the Al Jubail platform, Saudi Arabia. The facility requires an investment of approximately USD 30 million. Organic peroxides are widely used as polymerization initiators in the thermoplastic industry. The Arkema SA - Watan Industrial Investment joint venture will be majority held by Arkema SA, with the latter overseeing the operational management and sales of the site. The plant's startup is scheduled in the first months of 2015.  Full Article

Arkema SA Issues H2 2013, Q3 2013 and Q4 2013 EBITDA Guidance in Line with Analysts' Estimates; Confirms FY 2016 Revenue and EBITDA Margin Guidance
Thursday, 1 Aug 2013 01:00am EDT 

Arkema SA announced that it expects to achieve in the second half of fiscal year 2013 an EBITDA similar to the record level of the second half of fiscal year 2012. Compared to fiscal year 2012, the third quarter 2013 EBITDA should be lower than the high reference of last year and the fourth quarter 2013 stronger. The Company also confirmed its ambition for fiscal year 2016 to achieve EUR 8 million revenue and 16% EBITDA margin while maintaining gearing below 40%. The Company reported EBITDA of EUR 266 million for the third quarter of fiscal year 2012 and EUR 171 million for the fourth quarter of fiscal year 2012. According to I/B/E/S Estimates, analysts on average are expecting the Company to report EBITDA of EUR 259.27 million for the third quarter of fiscal year 2013 and EBITDA of EUR 203.73 million for the fourth quarter of fiscal year 2013.  Full Article

Arkema SA Announces Fonds Strategique de Acquired 6% Stake In Share Capital
Wednesday, 3 Jul 2013 02:45am EDT 

The Fonds Strategique de Participation (FSP), a mutual fund created by four major French insurance companies - BNP Paribas Cardif, CNP Assurances, Credit Agricole Assurances through its subsidiary Predica and Sog├ęcap (Groupe Societe Generale) announced that it now owns 6% of Arkema SA's share capital. Arkema considers this acquisition of a stake in its share capital as a positive sign showing the confidence of the FSP in the long-term strategy implemented by the Group and in its management.  Full Article

Arkema SA Announces Worldwide Expansion of Its Bis-peroxide Capacity
Tuesday, 18 Jun 2013 11:56am EDT 

Arkema SA announced a 15% debottlenecking of its bis-peroxide capacity in both its Spinetta (Italy) and Franklin (Virginia) factories. This new capacity will allow the Company to respond immediately to demand in the synthetic rubber crosslinking industry, in particular in Asia, and to support recent developments in fast-growing markets. This increase capacity, already effective, is the first stage of a multi-step plan which intends to grow the global bis-peroxide capacity by 30% by end 2014.  Full Article

Arkema SA Announces Successful Start-up of Its Acrylic Acid Capacity Expansion
Wednesday, 5 Jun 2013 11:40am EDT 

Arkema SA announced that it has brought on stream additional acrylic acid capacity at its Clear Lake, Texas, site. A ramp-up period is planned to continue over the next few months associated with commercial qualification of newly manufactured products. This project will improve reliability and increase competitiveness of the Clear Lake plant and brings the site to a nameplate capacity of 270 KT per year.  Full Article

Global Bioenergies SA to Receive EUR 5.2 Million State Financing Together with Arkema SA
Tuesday, 4 Jun 2013 12:13pm EDT 

Global Bioenergies SA announced that the industrial pilot testing of its isobutene process, scheduled for July 2013, will be supported by a EUR 5.2 million state financing via the Investissements d'Avenir program managed by the Commissariat General a l'Investissement. This project, led by Global Bioenergies SA, brings together Arkema SA, two CNRS laboratories and the companies ARD and Processium. Global Bioenergies SA is developing a process that converts renewable resources (sugar, cereals, agricultural and forestry waste) into isobutene, a key building block of the petrochemical industry from which plastics, elastomers and fuels are derived. This industrial pilot will be comprised of a 500 liter fermenter, which represents a yearly production capacity of 10 tons, and of a purification unit installed downstream of the fermenter which will allow the production of intermediate-purity isobutene batches. These will be transferred to Arkema SA for its own research. In the context of the collaborative project supported by the State, Arkema SA will develop a selective oxidation process adapted to the specifications of renewable products obtained by fermentation in collaboration with two CNRS laboratories, IRCELYON and UCCS. The State will contribute EUR 5.2 million over three years to this industrialization program, of which EUR 4 million will go to Global Bioenergies SA (one third as subsidies and two thirds as repayable advance).  Full Article

Arkema SA Confirms FY 2016 Revenue and EBITDA Margin Guidance
Wednesday, 15 May 2013 01:00am EDT 

Arkema SA announced that it confirms its ambition to achieve in 2016 EUR 8 billion revenue and a 16% EBITDA margin while maintaining gearing below 40%.  Full Article

Arkema SA Signs Joint Venture Agreement with Jayant Agro Organics Ltd
Thursday, 11 Apr 2013 02:45am EDT 

Arkema SA announced that it has signed a joint venture agreement with Jayant Agro Organics Ltd whereby Arkema SA will acquire a stake of some 25% in Ihsedu Agrochem, a subsidiary of Jayant Agro Organics Ltd, specializing in the production of castor oil. This joint venture aims to develop castor oil production in order to provide Arkema with long-term access to this raw material for the manufacture of its biosourced polyamides. The project should be finalized in the third quarter of fiscal year 2013.  Full Article

Arkema SA Acquires Majority Stake in AEC Polymers
Wednesday, 3 Apr 2013 02:45am EDT 

Arkema SA announced that it has acquired a majority stake in AEC Polymers, a French manufacturer of structural adhesives. The financial terms of the deal were not disclosed.  Full Article

French chemical group Arkema eyes further acquisitions -report

PARIS, Jan 24 - French chemicals group Arkema plans to make further acquisitions to beef up its high-performance materials business after a recent joint venture in China, its chief executive told Les Echos newspaper.

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