Arkema Announces the Expansion of Its Organic Peroxides Site in China Whose Capacity Will Be Multiplied by 2.5
September 27 2023 - 1:30AM
Business Wire
Regulatory News:
Arkema (Paris:AKE) announces a
two-and-a-half-fold increase of its organic peroxide production
capacities at its Changshu site in China. This investment of around
€50 million will enable the Group to support its Asian customers in
fast-growing markets, particularly in renewable energies.
Luperox® brand organic peroxides are used as niche additives
fulfilling a critical mission as reaction initiators for a wide
range of polymers and in particular play an important role in the
energy transition as vital components in the manufacture of
photovoltaic panels. With this significant investment in Changshu
(China), Arkema will support the strong expansion of Asian
producers serving a fast-growing global market.
This expansion of the Group's organic peroxide activities in
China complements the 70% increase in its organic peroxide capacity
in India announced in 2022, as well as the doubling of capacity at
the Luperox® 101 plant in Günzburg (Germany) which started up this
summer. These projects had notably enabled the industrial
validation of several new and more efficient technologies,
significantly reducing the environmental footprint of the organic
peroxides business. The effective industrial start-up of the new
Changshu plant expansion, for which the foundation stone was laid
in September, is expected in early 2025.
"With this investment in China, we are strengthening our
position as a major producer of niche additives for sustainable
development, with an industrial expansion that will incorporate our
most efficient technologies in terms of environmental footprint,"
stated Laurent Tellier, Senior Vice-President, Performance
Additives.
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 91% of Group sales in 2022, 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 around € 11.5 billion in
2022, and operates in some 55 countries with 21,100 employees
worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20230926029897/en/
Investor relations contacts: Béatrice
Zilm
+33 (0)1 49 00 75
58
beatrice.zilm@arkema.com Peter
Farren
+33 (0)1 49 00 73 12 peter.farren@arkema.com Mathieu
Briatta
+33 (0)1 49 00 72 07 mathieu.briatta@arkema.com Caroline
Chung
+33 (0)1 49 00 74
37
caroline.chung@arkema.com Media contact : Anne
Plaisance
+33 (0)6 81 87 48 77
anne.plaisance@arkema.com
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