COLOMBES, France, January 17, 2022--(BUSINESS WIRE)--Regulatory News:
To support its customers’ strong growth, in particular in the sports and consumer goods markets, Arkema (Paris:AKE) will increase its global manufacturing capacity for Pebax® elastomers by approximately 25% through an investment at its Serquigny plant in France.
Arkema announces a 25% increase in its global Pebax® elastomer production capacity by investing in Serquigny in France. This investment will notably enable increased production of the bio-circular Pebax® Rnew® and traditional Pebax® ranges. This new capacity will produce a variety of highly specialized grades to meet growing demand in numerous demanding applications thanks to the lightweight, flexibility and excellent energy return of these materials. These properties are particularly appreciated in sports equipment, such as soles for running shoes, ski boots or technical textile, in consumer goods such as smartphones and flexible screens, as well as in other markets such as medical equipment.
Derived from renewable castor seeds, Pebax® Rnew® advanced bio-circular materials offer a sustainable solution to our customers who are increasingly driven by sustainability and social responsibility. Compared to other elastomers on the market, these materials have a carbon footprint that is up to 50% lower and can be fully recycled. In addition, this investment, which is scheduled to come on stream mid-2023, will lower the water consumption of the site by 25% thanks to process optimization.
"We are very excited to commit to an expansion in our Pebax® elastomers capacity" said Erwoan Pezron, Senior Vice-President of Arkema’s High Performance Polymers Business Line. " The Serquigny plant has a long proven legacy in the production of these advanced materials, and we are delighted to add this new capacity to support our customers’ growing demand for high-performance sustainable materials. We will also continue to produce many of these materials at our Birdsboro plant in Pennsylvania".
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 82% of Group sales in 2020, 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 €8 billion in 2020, and operates in some 55 countries with 20,600 employees worldwide.
A French société anonyme (limited company) with share capital of €767,364,760 – Registered in Nanterre: RCS 445 074 685 Nanterre
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