|Traded as||Euronext: AKE|
|Thierry Le Hénaff (Chairman and CEO)|
|Products||Acrylics, synthetic resins, PVC, polymers, hydrogen peroxide, vinyl compounds, pipes, PMMA, HCFCs and chlorine compounds|
|Revenue||€5.905 billion (2010)|
|€486 million (2010)|
|Profit||€347 million (2010)|
|Total assets||€4.818 billion (end 2010)|
|Total equity||€2.240 billion (end 2010)|
Number of employees
|13,900 (end 2010)|
|Subsidiaries||Alphacan, Altuglas International, Arkema Inc., Ceca, Coatex, MLPC International, Oxford Performance Materials, Resinoplast|
Created in 2004 when French oil major Total restructured its Chemicals business, Arkema was introduced at the Paris stock exchange in May 2006. With a turnover of 6.5 Billion €, Arkema has 14,000 employees in more than 40 countries, 10 research centers worldwide, and a total of 85 production plants in Europe, North America and Asia.
Arkema is organized into three business segments: Coating solutions, Industrial Chemicals and Performance Products.
- 1 History
- 2 Organization
- 3 Subsidiaries
- 4 Arkema worldwide
- 5 Research and development
- 6 Management organization
- 7 Financial performance
- 8 Shareholder structure
- 9 References
- 10 External links
Arkema was created when French oil major Total restructured its chemicals business. The restructuring was a gradual process that began many years earlier:
1971: Creation of Aquitaine Total Organico (ATO), a joint Elf-Total subsidiary. Creation of Produits Chimiques Ugine Kuhlmann (PCUK).
1973: Creation of ATO Chimie.
1980: Creation of Chloé Chimie (40% Elf Aquitaine, 40% Total and 20% Rhône-Poulenc).
1983: Creation of Atochem - Chemical production in France is reorganized around Atochem, a wholly owned Elf Aquitaine subsidiary incorporating the activities of ATO Chimie, Chloé Chimie and most of PCUK.
1990: Chemical production is again reorganized in France: Orkem’s petrochemicals, styrenics, fertilizers and acrylics businesses are integrated into Atochem, while specialties (resin and paint) move to Total. Acquisition of Montedison’s organic peroxide business.
1992: Atochem becomes Elf Atochem.
2000: Creation of Atofina by merging TotalFina and Elf’s chemical businesses following the two companies’ 1999 merger.
2004: Creation of Arkema on October 1.
2006: Arkema IPO on the Paris Bourse on May 18 
2007: Arkema sells its agrochemical activities (CEREXAGRI) and its formaldehyde activities 
2007: Arkema acquires Coatex company (specialty acrylic polymers)
2010: Arkema acquires acrylic Dow assets in the US 
2011: Arkema acquires Total coating resins (Cray Valley and Sartomer)
2011 : in June, Arkema joined the CAC Next 20 French stock market index.
2012: Arkema acquires Chinese Company Hipro Polymers (producer of bio-Polyamides) and Casda Biomaterials (producer of plant raw materials)
2012 : in July, Arkema sold for 1 symbolic euro its vinyl products business segment to the Klesch group for reasons of profitability, but also to recenter 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.
2012 : as part of its strategic refocusing on specialty chemicals, Arkema acquired a new visual identity as well as a new signature "Innovative Chemistry".
2014 : in February the company finalized the purchase of Bostik from Total S.A..
Since Arkema sold its Vinyl product segment in July 2012, Arkema reorganized its activities into three business segments. High Performance Materials, Industrial Specialties and Coating Solutions. Each of these segments represent one third of Arkema’s turnover.
High Performance Materials
High Performance Materials segment gathers four high value added product lines: Specialty polyamides, Fluoropolymers (PVDF), molecular sieves for filtration and adsorption and organic peroxides.
Its flagship brands are Rilsan(polyamide 11), Luperox(Organic Peroxide), Kynar (PVDF), Siliporite (Molecular Sieves).
Industrial Specialties segment produces major chemical intermediates such as thiochemicals (for animal nutrition, gas natural odorant), fluorochemicals (for refrigeration, air conditioning, blowing agent for insulating foam), PMMA (or arcylic glass for furnitures, automotive applications, noise barriers), and hydrogen peroxide (pulp and textile bleaching, chemical synthesis, water treatment).
Starting from upstream acrylic monomers, the Group has built a presence across every segment of the coating market. Its portfolio of coating materials and technologies includes waterborne, solventborne, powder coating resins and additives from Arkema Coating Resins, rheology additives for waterborne coatings from Coatex and photocure resins for optic fibers, graphic arts, electronics, etc. from Sartomer. Its flagship brands are Envia, Rheotec, Sarbio.
Altuglas International has eight production facilities — three in Europe, four in North America, and one in South Korea. It manufactures and markets four product lines: acrylic resins, Altuglas BS acrylic beads, acrylic sheets.
CECA produces of specialty chemicals, such as Noroplast, Cecabase, and Acticarbone
CECA comprises seven business units: · Additives for the Oil and Gas Industry and Oilfield Chemicals. · Diatomite and Perlite-Based Filter Aids and Filtering Solutions. · Activated Carbon. · Molecular Sieves. · Specialty Surfactants. · Febex Specialty Phosphors. · Asphalt Additives.
Arkema has 10 research centers worldwide: 5 in France (Lacq, Serquigny, Lyon, Carling and Verneuil), two in the United States (Cary, North Carolina and King of Prussia, Pennsylvania) and one in Japan (Kyoto).
|North and South America||34% of sales
20% of the workforce
|Europe||40% of sales
62% of the workforce
|Asia and Middle East||21% of sales
16% of the workforce
|Rest of the World||5% of sales
2% of the workforce
Research and development
Research and development spending totaled roughly 150 millions 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.
Arkema has made sustainable development a central focus of its R&D strategy, introducing a broad array of innovative materials to help customers reduce their energy use, increasing its use of renewable feedstock, developing nanostructured materials and devising the processes of the future.
||This article contains weasel words: vague phrasing that often accompanies biased or unverifiable information. (July 2012)|
Thierry Le Hénaff is Chairman of the Board of Directors and CEO of Arkema.
Arkema currently has a nine-member Board of Directors. Eight directors are deemed independent.
- Thierry Le Hénaff, Chairman and Chief Executive Officer, Arkema.
- François Enaud, Chairman and Chief Executive Officer, Stéria S.A.
- Bernard Kasriel, partner and member of the Management Board, LBO France.
- Laurent Mignon, Chief Executive Officer, Natixis S.A.
- Thierry Morin, Chairman of the Board of Directors, French National Institute for Industrial Property (INPI).
- Marc Pandraud, Chief Country Officer of France, Deutsche Bank.
- Jean-Pierre Seeuws, retired chemical industry executive.
- Philippe Vassor, Chairman, Baignas S.A.S.
The executive committee ensures the company’s strategy is implemented, examines important issues concerning organization and major projects, and approves capital expenditure. It also tracks the performance of all Arkema businesses.
The Chairman has set up an eight-member Executive Committee to help manage the company:
- Thierry Le Hénaff, Chairman and Chief Executive Officer.
- Bernard Boyer, Executive Vice President, Strategy.
- Michel Delaborde, Executive Vice President, Human Resources and Corporate Communications.
- Pierre Chanoine, Executive Vice President, Performance Products.
- Thierry Lemonnier, Chief Financial Officer.
- Marc Schuller, Executive Vice President, Industrial Chemicals.
Arkema generates sales of €6,5 billion, broken down as follows:
- High Performance materials, 33%.
- Industrial Specialties, 33%.
- Coating Solutions, 34%.
Arkema’s net debt in 2012 is €1,1Md that corresponds to a gearing of 50%.
Since January 1, 2012, the level of 5% reported to AMF was passed by:
- FMR LLC (Fidelity Management & Research): declares having +5% of Arkema capital (August 23, 2012);
- Groupe Bruxelles Lambert: sold all its shares in the capital (March 14, 2012);
- Individual shareholders: 94.0% ;
- Group employees : 5,5% ;
- "Annual Report 2010" (PDF). Arkema. Retrieved 18 November 2011.
- "Arkema confirms its 2016 ambition and presents its roadmap to 2020". Reuters.com. 2012-09-18. Retrieved 2013-01-20.
- "Organization". Arkema.com. 2012-07-02. Retrieved 2013-01-20.
- "Arkema History". Arkema.com.
- "einpresswire.com". Arkema.
- "Arkema sells its Urea Formaldehyde Resins business to Hexion". Chemeurope.com. 2007-05-30.
- "Arkema Completes Acquisition of TOTAL's Coatings Resins and Photocure Resins". pcimag.com. 2011-09-01.
- "2011 annual and sustainable development report" (PDF). Arkema. 2011.
- "France’s Arkema aims €10bn sales, about 17% EBITDA margin in 2020". ICIS.com.
- "France's Arkema to sell vinyl segment to Klesch Group". icis.com. 2011-11-23.
- "Arkema confirms vinyl unit sale to Klesch Group". reutersmedia.net. 2011-11-23.
- "Arkema acquires a new visual identity" (PDF). sartomereurope.com. 2012-09-18.
- "Arkema finalises acquisition of adhesive maker Bostik". Business Standard Ltd. 2015-02-04. Retrieved 2015-03-02.
- "Arkema outlines future growth plans, splits operations into three businesses". Chemweek.com. 2012-09-20. Retrieved 2013-01-20.
- "Altuglas International". Altuglasint.com. Retrieved 2013-01-20.
- "Homepage, Hydrogen Peroxide, Sodium Chlorate, H2O2". Brighten Your Future. Retrieved 2013-01-20.
- "DMDS for agricultural soil fumigation". Arkema. Retrieved 2013-09-06.
- "Forane® Refrigerant - Fluorochemicals". Arkema. Retrieved 2013-01-20.
- "Global Home Page". Altuglas.com. Retrieved 2013-01-20.
- "Rheology, Coating Color, Dispersing agent". Coatex. Retrieved 2013-01-20.
- "CECA, chimie de spécialités, filiale du groupe arkema : CECA en bref". Ceca.fr. Retrieved 2013-01-20.
Bostikwas invoked but never defined (see the help page).
Cite error: The named reference
- "Our Company - Overview". Arkema. Retrieved 2013-01-20.
- "Innovation - An organization in which the innovation is the byword". Arkema.com. Retrieved 2013-01-20.
- "Arkema (AKE:EN Paris)". Investing.businessweek.com. Retrieved 2013-01-20.
- "Publications". Arkema.com. Retrieved 2013-01-20.
- "ARKEMA: FMR LLC OWNS 5.03% OF THE VOTING RIGHTS, AMF SAYS". Bloomberg.com.
- "Belgium's GBL sells 10 percent stake in Arkema". Reuters.com.
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