This segment gathers together four main product lines: specialty polyamides, fluoropolymers (PVDF), molecular sieves for filtration and adsorption and organic peroxides. Organization Adhesive Solutions įormed in 2020 by the transfer of Bostick from the High Performance Materials segment. Ģ022 : Acquisition of Permoseal, an adhesive solutions company in South Africa. Ģ021 : Acquisition of Ashland's Performance Adhesives business for $1.65 billion. Ģ020 : Plexiglas business sold to the American group Trinseo for $1.1 billion. The company also joined CJ Group of South Korea to invest in the manufacture of L-methionine in Malaysia. Ģ015 : Purchase of Bostik from Total S.A. Each represented about one third of Group turnover. Following the sale, Arkema reorganized its activities into three business segments: High Performance Materials, Industrial Specialties and Coating Solutions. 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. 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. 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 July 2012, Arkema sold for 1 symbolic euro its vinyl products business segment to the Klesch group for reasons of profitability, but also to re-center its operations exclusively on specialty chemicals.
Ģ007: acquires Coatex company (specialty acrylic polymers)Ģ010: acquires acrylic Dow assets in the US Ģ011: acquires Total coating resins (Cray Valley and Sartomer) Ģ012: acquires Chinese Company Hipro Polymers (producer of bio-Polyamides) and Casda Biomaterials (producer of plant raw materials) Acquisitions, disposals and reconfigurations Ģ007:Ěrkema sells its agrochemical business (Cerexagri) to United Phosphorus and its urea-formaldehyde activities to Hexion. In June 2011, Arkema joined the CAC Next 20 French stock market index. This was achieved on when Arkema debuted on the Paris stock market. Total's intention was to spin-off Arkema into an independent listed company. Arkema was structured into three divisions producing vinyl products (chlorochemicals and PVC, vinyl compounds and pipes and profiles), industrial chemicals (acrylics, fluorochemicals, hydrogen peroxide, PMMA and thiochemicals) and performance products (additives, organic peroxides, agrochemicals and urea-formaldehyde resins). The kem part of Arkema's name references the company as a chemicals producer. 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. In February 2004, Total, the French-based multinational oil conglomerate announced a reorganisation of its chemicals business. 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. Montedison's organic peroxide business was acquired. Orkem's petrochemicals, styrenics, fertilizers and acrylics businesses were integrated into Atochem, while specialties (resin and paint) moved to Total. The year 1990 saw another reorganization of chemical production in France. changed its name to Pennsalt Chemicals Corp in 1957 and merged with Wallace and Tiernan Inc. Pennwalt can trace its roots to the formation of The Pennsylvania Salt Manufacturing Co.
In 1989, Elf Aquitaine acquired the American, Pennwalt Corporation and along with M&T Chemicals and Atochem Inc formed Atochem North America Inc. 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. 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. The joint venture was renamed ATO Chimie in 1973. The same year saw the creation of Produits Chimiques Ugine Kuhlmann (PCUK). In 1971, Elf and Total merged their chemical operations into Aquitaine Total Organico (ATO), a joint subsidiary.
Share of the Pennsylvania Salt Manufacturing Company, issued 20.
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