Arkema: Bostik Invests in a Joint Venture With Cartell Chemical Co to Strengthen Its Instant Engineering Adhesives Business
19 Janeiro 2021 - 04:30AM
Business Wire
Regulatory News:
Arkema (Paris:AKE) announces an investment in CMC (Crackless
Monomer Company), a joint venture between Bostik and Taiwanese
company Cartell Chemical Co, a leading supplier of cyanoacrylate
solutions, to accelerate the development and production of high
value-added engineering adhesives.
CMC, which will be 51%-owned by Bostik for an investment of
around US$ 11 million, will produce specialty cyanoacrylate
monomers on an industrial scale at a competitive cost, enabling
Bostik to accelerate the development of high value-added
engineering adhesives dedicated notably to the electronics, medical
equipment and DIY markets.
This investment complements the acquisition of Afinitica in
2018, and enables Bostik to further expand its range of instant
engineering adhesives, manufactured through a patented and
innovative ‘’crackless’’ process. The adhesives formulated through
this process have unique properties, which offer added comfort to
the end-users.
This project is perfectly coherent with Bostik's sustainable
growth strategy. It fits well with the trend of replacing
traditional bonding with cutting edge, environmentally friendly
technologies that enable lightweighting.
Building on its unique set of expertise in materials science,
Arkema offers a portfolio of first-class technologies to
address ever-growing demand for new and sustainable materials. With
the ambition to become in 2024 a pure player in Specialty
Materials, the Group is structured into 3 complementary, resilient
and highly innovative segments dedicated to Specialty Materials
-Adhesive solutions, Advanced Materials, and Coating Solutions-
accounting for some 80% of Group sales, and a well-positioned and
competitive Intermediates segment. Arkema offers cutting-edge
technological solutions to meet the challenges of, among other
things, new energies, access to water, recycling, urbanization and
mobility, and fosters a permanent dialogue with all its
stakeholders. The Group reported sales of €8.7 billion in 2019, and
operates in some 55 countries with 20,500 employees worldwide.
www.arkema.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210118005435/en/
INVESTOR RELATIONS Béatrice Zilm +33 1 49 00 75 58
beatrice.zilm@arkema.com Peter Farren +33 1 49 00 73 12
peter.farren@arkema.com Mathieu Briatta +33 1 49 00 72 07
mathieu.briatta@arkema.com Caroline Chung +33 1 49 00 74 37
caroline.chung@arkema.com
MEDIA Gilles Galinier +33 1 49 00 70 07
gilles.galinier@arkema.com Véronique Obrecht +33 1 49 00 88 41
veronique.obrecht@arkema.com
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