Arkema finalises JV with Jurong Chemical for acrylics.

French specialty chemicals company Arkema has finalised the first stage of its acrylics assets acquisition project in Taixing, China, and now has access to a modern and competitive 160,000 tonne per annum (tpa) acrylic acid production capacity in Asia for the sum of $ 240 million. This investment will enable the Group to serve its customers in China and in Asia in growing markets such as superabsorbents, paints, adhesives and water treatment.

Arkema has finalised the creation of Sunke, a joint venture with Jurong Chemical, in which Arkema has a majority interest, and which consists in particular of two acrylic acid production lines each amounting to 160,000 tpa located on the Taixing site in China. With the closing of this first stage, Arkema has access to half of the site’s installed production.

BS