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| Company type | Public |
|---|---|
| ISIN | FR0010313833  |
| Industry | Chemical |
| Founded | 2004; 21 years ago (2004) |
| Headquarters | La Défense, France |
Key people | Thierry Le Hénaff (chairman andCEO) |
| Products | Polyamide 11,Elastomers,PVDF,PEKK,Acrylics,synthetic resins,PVC,polymers,hydrogen peroxide,vinyl compounds,pipes,PMMA,HCFCs and chlorine compounds |
| Revenue |  €9.5 billion (2024)[1] |
| €616 million (2024)[1] | |
Number of employees | 21,150 (2024)[1] |
| Subsidiaries | Bostik, ArrMaz, Coatex, MLPC International, Sartomer, Den Braven, Casda, Agiplast |
| Website | www |
Arkema S.A. is apublicly listed, multi-national manufacturer of specialty materials, headquartered inLa Défense, near Paris, France. It has three specialty materials segments (or divisions);adhesives, advanced materials andcoatings. A further segment covers chemical intermediates.[2]
The company was created in 2004, as part of French oil majorTotal's restructuring of its chemicals business, and floated on theParis stock exchange in May 2006. Turnover in 2024 was €9.5 billion. Arkema operates in 55 countries and has 21,150 employees, 17 research centers and 157 production plants.[3][4]
Arkema was created when French oil majorTotal restructured its chemicals business in 2004, but the company's roots go back many years.
In 1971,Elf and Total merged their chemical operations into Aquitaine Total Organico (ATO), a joint subsidiary. The same year saw the creation of Produits Chimiques Ugine Kuhlmann (PCUK). The joint venture was renamed ATO Chimie in 1973. A second company, Chloé Chimie (40% Elf Aquitaine, 40% Total and 20% Rhône-Poulenc) was formed in 1980 to take over Rhône-Poulenc's chlorochemicals business. Three years later, Total sold its stake in Chloé Chimie to Elf and chemical production in France was reorganized around Atochem, a wholly owned Elf Aquitaine subsidiary that incorporated the activities of ATO Chimie, Chloé Chimie and most of PCUK.[5]
In 1989, Elf Aquitaine acquired the Pennwalt Corporation and, along with M&T Chemicals and Atochem Inc., formed Atochem North America Inc.[6] Pennwalt can trace its roots to the formation of The Pennsylvania Salt Manufacturing Co. by five Philadelphia Quakers in 1850. The Pennsylvania Salt Manufacturing Co. changed its name to Pennsalt Chemicals Corp in 1957 and merged with Wallace and Tiernan Inc. to form Pennwalt Corp in 1969.[7]
The year 1990 saw another reorganization of chemical production in France. Orkem's petrochemicals, styrenics, fertilizers and acrylics businesses were integrated into Atochem, while specialties (resin and paint) moved to Total. Montedison's organic peroxide business was acquired. Atochem was renamed Elf Atochem in 1992 and merged with Total's chemical businesses into Atofina a year after the takeover of Elf by TotalFina in 1999.[5]
In February 2004, Total, the French-based multinational oil conglomerate announced a reorganisation of its chemicals business. A new company under Total's ownership, named Arkema, was formed on 1 October into which Total placed certain assets held by its Atofina subsidiary, which was then dissolved.[8] Thekem part of Arkema's name references the company as a chemicals producer.[9] Arkema was structured into three divisions producing vinyl products (chlorochemicals andPVC, vinyl compounds and pipes and profiles), industrial chemicals (acrylics,fluorochemicals,hydrogen peroxide,PMMA andthiochemicals) and performance products (additives,organic peroxides,agrochemicals andurea-formaldehyde resins).[10]
Total's intention to spin off Arkema into an independent listed company[11] was achieved on 18 May 2006 when Arkema debuted on the Paris stock market.[12] In June 2011, Arkema joined theCAC Next 20 French stock market index.[13]
2007:Arkema sells its agrochemical business (Cerexagri) toUnited Phosphorus[14] and its urea-formaldehyde activities toHexion.[15]
2007:acquires Coatex company (specialty acrylic polymers)
2010:acquires acrylic Dow assets in the US[16]
2011:acquires Total coating resins (Cray Valley and Sartomer)[17]
2012:acquires Chinese Company Hipro Polymers (producer of bio-Polyamides) and Casda Biomaterials (producer of plant raw materials)[18]
In July 2012, Arkema sold for 1 symbolic euro its vinyl products business segment to the Klesch group for reasons of profitability,[19] but also to re-center 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.[20] Following the sale, Arkema reorganized its activities into three business segments: High Performance Materials, Industrial Specialties and Coating Solutions. Each represented about one third of Group turnover.[21]
2015 : Purchase ofBostik fromTotal S.A.[22][23] The company also joinedCJ Group of South Korea to invest in the manufacture ofL-methionine in Malaysia.[24]
In 2019 Sartomer won an Adhesives and Sealants Council (ASC) Innovation Award for "An electron Beam curable Resealable Adhesive that only sticks to itself."[25]
2020 : Plexiglas business sold to the American groupTrinseo for $1.1 billion.[26]
2021 : Acquisition of Ashland's Performance Adhesives business for $1.65 billion.[27]
2022 : Acquisition of Permoseal, an adhesive solutions[buzzword] company in South Africa.[28]
Formed in 2020 by the transfer of Bostik from the High Performance Materials segment.
This segment gathers together four main product lines: specialty polyamides, fluoropolymers (PVDF), molecular sieves for filtration and adsorption and organic peroxides. Brands includeRilsan (polyamide 11), Luperox (Organic Peroxide), Kynar (PVDF), Siliporite (Molecular Sieves).[29]
Starting from upstream acrylic monomers, the Group has built a presence across the coating market. Its portfolio of coating materials and technologies includes waterborne, solvent borne, powder coating resins and additives from Arkema Coating Resins, rheology additives for waterborne coatings from Coatex and photocured resins for optic fibers, graphic arts, electronics, etc. from Sartomer. Brands are EnVia, Rheotec, Sarbio.
Includes thiochemicals (for animal nutrition, gas natural odorant), fluorochemicals (for refrigeration, air conditioning, blowing agent for insulating foam) and hydrogen peroxide (pulp and textile bleaching, chemical synthesis, water treatment).[19] Brands include Albone (hydrogen peroxide), Paladin (DMDS agricultural fumigant) and Forane (refrigerants).
Arkema operates through industrial facilities inEurope,North America andAsia and marketing subsidiaries in around 40 countries.
Arkema has 144 production facilities worldwide, including 61 inEurope, 43 inNorth America, 40 inAsia and in the rest of the world.[32]
Arkema has 13 research centers worldwide: 7 inFrance (Lacq;Serquigny;Cerdato; Carling; Genay; Pierre-Benite; and Verneuil), three in theUnited States (Cary, North Carolina;Wauwatosa, Wisconsin; andKing of Prussia, Pennsylvania) and two inChina (Shanghai andChangshu).[33]
| North and South America | 31% of sales 43 plants |
|---|---|
| Europe | 36% of sales 61 plants |
| Asia and the rest of the world | 33% of sales 40 plants |
Most of Arkema's sales are generated inEurope, which accounts for 36% of the total.North andSouth America represents 31% of sales.Arkema has had a strong presence inChina for over 13 years. Asia alone now accounts for 33% of sales.[34]
In August 2017,Hurricane Harvey caused the flooding of Arkema'sCrosby, Texas plant. Arkema said it would be unable to prevent an explosion at the plant, after refrigeration equipment failed that kept temperature sensitiveorganic peroxides cold.[35][36] On August 31, explosions were reported to be coming from the plant.[37] These turned out to be "small container ruptures" of burning organic peroxides.[38] A 1.5 mile evacuation zone was set up around the site.[39]
Total, Elf Aquitaine and Arkema were investigated by theEU Commission for involvement in an illegal supply, sales and pricing cartel in the hydrogen peroxide and sodium perborate markets. The Commission found that Arkema's predecessor companies Atochem and Atofina committed the infractions between May 1995 and December 2000. Arkema was fined €78 million in May 2006 for breachingEU antitrust law.[40][41][42]
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.[buzzword]
Arkema generates sales of €7.9 billion, broken down as follows:[34]
Arkema's net debt in 2020 is €1,9 billion.[34]
As of 31 December 2010, the major stockholders of Arkema (owning at least 5% of capital declared to AMF) wereGreenlight Capital (5,5%),Dodge & Cox (5.2%),Groupe Bruxelles Lambert (10%).[43][failed verification]
Since January 1, 2012, the level of 5% reported to AMF was passed by:
CAC Next 20 companies of France(as of 1 October 2023[update]) | |
|---|---|
