Arkema Announces Expansion of Fluoropolymer (Kynar® PVDF) Production Capacities in Calvert City in the USA
19 September 2017 - 4:45PM
Business Wire
Regulatory News:
Arkema (Paris:AKE) will increase fluoropolymer
(Kynar® PVDF) capacity at its Calvert City plant in
the United States by some 20%. The expansion is fueled by strong
demand in the new energies and water management markets as well as
in more traditional applications (chemical process industry and
high performance cables). In line with the strategy presented at
its recent Capital Markets Day, this investment, scheduled to start
mid-2018, further supports Arkema’s ambition to accelerate the
development of its advanced materials, one of the key pillars of
its future growth.
Through this investment, Arkema, which operates fluoropolymer
production facilities on the three major continents - Europe, North
America and Asia -, further consolidates its world-leading position
in PVDF marketed under the Kynar® brand.
Having successfully completed a similar expansion at its
Changshu, China plant earlier this year, Arkema now invests in the
United States. This new capacity will enable the Group to support
its customers’ growth in America, particularly in emerging
applications such as water filtration and in traditional markets
such as the chemical process industry and high performance cables
(automobile, fiber optics, oil industry).
“Over the last five decades, the Calvert City plant has proven
itself to be outstanding in efficiency, quality and innovation.
This latest investment, which will also make the Kynar® PVDF global
supply chain even more flexible, will enable us to support the fast
growth of our customers, in particular in the United States, with
ever more innovative products suited to their evolving needs”
stated Erwoan Pezron, Global Group President for Arkema’s Technical
Polymers.
A designer of materials and innovative solutions, Arkema
shapes materials and creates new uses that accelerate customer
performance. Our balanced business portfolio spans high-performance
materials, industrial specialties and coating solutions. Our
globally recognized brands are ranked among the leaders in the
markets we serve. Reporting annual sales of €7.5 billion in 2016,
we employ approximately 20,000 people worldwide and operate in
close to 50 countries. We are committed to active engagement with
all our stakeholders. Our research centers in North America, France
and Asia concentrate on advances in bio-based products, new
energies, water management, electronic solutions, lightweight
materials and design, home efficiency and insulation.
www.arkema.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170918006003/en/
ARKEMAINVESTOR RELATIONSSophie Fouillat, +33 1 49
00 86 37sophie.fouillat@arkema.comFrançois Ruas, +33 1 49 00 72
07francois.ruas@arkema.comorMEDIAGilles
Galinier, +33 1 49 00 70 07gilles.galinier@arkema.comVéronique Obrecht, +33 1
49 00 88 41veronique.obrecht@arkema.com
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