01.02.2016 • NewsDede WillamsChinese economyArkema

Arkema Won’t Expand Acrylics in China

Against the backdrop of a cooling Chinese economy, French chemical producer Arkema has decided against increasing its stake in Taixing Sunke Chemicals, the joint venture that produces acrylic acid and butyl acrylate at Taixing, China.

The expansion would have added 160,000 t/y of acrylic acid capacity.

Arkema said it decided not to exercise this option to buy more shares, when it came due at the beginning of the year, as the financial terms of the option no longer reflect current market conditions for acrylics in China.

The French company added that it will retain its initial rights to acrylic acid and thus support the development of its downstream acrylic activities in Asia and its customers’ growth in the region.

Part of the funds freed up by the cancellation of expansion plans may be invested in bolt-on acquisitions to strengthen its High Performance Materials segment, Arkema said.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

most read

Photo
19.03.2025 • News

Arkema Launches Acrylic Acid Purification Project

Arkema has announced the launch of its Carat Project at its Carling site in France. This initiative aims to enhance the capabilities and sustainability of the facility, which specializes in producing acrylic monomers and superabsorbent polymers.