|Traded as||Euronext: AKE|
CAC Next 20 Component
|Thierry Le Hénaff (Chairman and CEO)|
|Products||Acrylics, synthetic resins, PVC, polymers, hydrogen peroxide, vinyl compounds, pipes, PMMA, HCFCs and chlorine compounds|
|Revenue||€8.8 billion (2018)|
Number of employees
|20,000 (end 2018)|
|Subsidiaries||Bostik, Altuglas International, Coatex, MLPC International, Sartomer, Den Braven, Casda|
Created in 2004 when French oil major Total restructured its chemicals business, Arkema was introduced at the Paris stock exchange in May 2006. With a turnover of 8.8 billion €, Arkema has 20,000 employees in more than 55 countries, 13 research centers worldwide, and a total of 136 production plants in Europe, North America and Asia and the rest of the world.
Arkema is organized into three business segments: Coating Solutions, Industrial Chemicals and Performance Products.
Arkema was created when French oil major Total restructured its chemicals business. The restructuring was a gradual process that began many years earlier:
1850: Creation of The Pennsylvania Salt Manufacturing Co. by five Philadelphia Quakers.
1957: The Pennsylvania Salt Manufacturing Co. changed its name to Pennsalt Chemicals Corp.
1969: Wallace and Tiernan Inc. merged into Pennsalt Chemicals Corp, forming Pennwalt Corp.
1971: Creation of Aquitaine Total Organico (ATO), a joint Elf-Total subsidiary. Creation of Produits Chimiques Ugine Kuhlmann (PCUK).
1973: Creation of ATO Chimie.
1980: Creation of Chloé Chimie (40% Elf Aquitaine, 40% Total and 20% Rhône-Poulenc).
1983: Creation of Atochem - Chemical production in France is reorganized around Atochem, a wholly owned Elf Aquitaine subsidiary incorporating the activities of ATO Chimie, Chloé Chimie and most of PCUK.
1989: Atochem North America Inc. formed from the merger of Pennwalt Corp., M&T Chemicals, and Atochem Inc.
1990: Chemical production is again reorganized in France: Orkem's petrochemicals, styrenics, fertilizers and acrylics businesses are integrated into Atochem, while specialties (resin and paint) move to Total. Acquisition of Montedison's organic peroxide business.
1992: Atochem becomes Elf Atochem.
2000: Creation of Atofina by merging TotalFina and Elf's chemical businesses following the two companies’ 1999 merger.
2004: Creation of Arkema on October 1.
2006: Arkema IPO on the Paris Bourse on May 18 
2007: Arkema sells its agrochemical activities (CEREXAGRI) and its formaldehyde activities 
2007: Arkema acquires Coatex company (specialty acrylic polymers)
2010: Arkema acquires acrylic Dow assets in the US 
2011: Arkema acquires Total coating resins (Cray Valley and Sartomer)
2011 : in June, Arkema joined the CAC Next 20 French stock market index.
2012: Arkema acquires Chinese Company Hipro Polymers (producer of bio-Polyamides) and Casda Biomaterials (producer of plant raw materials)
2012 : in July, Arkema sold for 1 symbolic euro its vinyl products business segment to the Klesch group for reasons of profitability, but also to recenter its operations exclusively on specialty chemicals. As part of this divestment, Arkema made a 100 million euro cash payment to the Klesch group and took on debts amounting to 470 million euros to help revive the activity. In response to fears of redundancy and to protests from employees at a number of production sites, the trade unions negotiated, with the Arkema management, industrial and social guarantees as well as support measures designed to protect the rights of employees should the Klesch group implement redundancies following their take-over of the vinyl products activities. Hence two trust funds of €20 M were set up to secure compensation payments and the rights of employees of the companies that were sold off.
2012 : as part of its strategic refocusing on specialty chemicals, Arkema acquired a new visual identity as well as a new signature "Innovative Chemistry".
2015 : in February the company finalized the purchase of Bostik from Total S.A..
2017 : During Hurricane Harvey, some organic peroxides burned in the Arkema Crosby TX plant, causing a 1.5 mile evacuation zone around the site.
Since Arkema sold its Vinyl product segment in July 2012, Arkema reorganized its activities into three business segments: High Performance Materials, Industrial Specialties and Coating Solutions. Each of these segments represent one third of Arkema's turnover.
High Performance MaterialsEdit
High Performance Materials segment gathers four high value added product lines: Specialty polyamides, Fluoropolymers (PVDF), molecular sieves for filtration and adsorption and organic peroxides.
Industrial Specialties segment produces major chemical intermediates such as thiochemicals (for animal nutrition, gas natural odorant), fluorochemicals (for refrigeration, air conditioning, blowing agent for insulating foam), PMMA (or acrylic glass for furnitures, automotive applications, noise barriers), and hydrogen peroxide (pulp and textile bleaching, chemical synthesis, water treatment).
Starting from upstream acrylic monomers, the Group has built a presence across every segment of the coating market. Its portfolio of coating materials and technologies includes waterborne, solventborne, powder coating resins and additives from Arkema Coating Resins, rheology additives for waterborne coatings from Coatex and photocure resins for optic fibers, graphic arts, electronics, etc. from Sartomer. Its flagship brands are Envia, Rheotec, Sarbio.
Altuglas International has eight production facilities — four in Europe, three in North America, and one in South Korea. It manufactures and markets four product lines: acrylic resins, Altuglas BS acrylic beads, acrylic sheets.
Den Braven, leader of sealants for insulation and construction in Europe.
Sartomer is the first global supplier of specialty acrylates and methacrylates monomers and oligomers for a broad range of markets : specialty coatings, printinginks, composites, flooring, electronics, adhesives and many other high-end applications.
Arkema has 13 research centers worldwide: 7 in France (Lacq, Serquigny, Cerdato, Carling, Genay, Pierre-Benite and Verneuil), three in the United States (Cary, Milwaukee and King of Prussia, Pennsylvania) and two in China (Shanghai and Changshu).
|North and South America||31% of sales |
|Europe||38% of sales|
|Asia and the rest of the world||31% of sales|
Arkema operates a plant in Crosby, Texas, which flooded during Hurricane Harvey in August 2017. Arkema said it was unable to prevent the possibility of an explosion at the plant. On August 31 explosions were reported to be coming from the plant, but these explosions were perhaps just "small container ruptures".
Research and developmentEdit
Research and development spending totaled roughly 150 million euros, with half allocated to “green chemistry.” Arkema employs more than 1,200 researchers, whose work focuses on two main areas: ultra-high performance polymers and sustainable development solutions.
Arkema has made sustainable development a central focus of its R&D strategy, introducing a broad array of innovative materials to help customers reduce their energy use, increasing its use of renewable feedstock, developing nanostructured materials and devising the processes of the future.
Arkema generates sales of €8,8 billion, broken down as follows:
- High Performance materials, 45%.
- Industrial Specialties, 31%.
- Coating Solutions, 24%.
Arkema's net debt in 2018 is €1 billion.
Since January 1, 2012, the level of 5% reported to AMF was passed by:
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- "ARKEMA: FMR LLC OWNS 5.03% OF THE VOTING RIGHTS, AMF SAYS". Bloomberg.com.
- "Belgium's GBL sells 10 percent stake in Arkema". Reuters.com.