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Arkema Boosts Its Previously Announced PVDF Capacity Expansion in Changshu, From 35 To 50%
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Rhea-AI Summary
Arkema has announced an increase in fluoropolymer capacity at its Changshu site in China from 35% to 50% due to high demand in lithium-ion batteries and other sectors. The start-up date remains scheduled for the end of 2022. Additionally, a similar 50% capacity increase is confirmed for its Pierre-Bénite site in France, expected in Q1 2023. This move aligns with Arkema's growth strategy in China and other markets, bolstered by strong consumer demand for sustainable materials. The company reported sales of €8 billion in 2020, emphasizing its commitment to innovation and development in specialty materials.
Positive
50% capacity increase at Changshu site supports demand in lithium-ion battery market.
Alignment with strategic growth objectives in specialty materials, targeting sustainable solutions.
Recent capacity increase at Pierre-Bénite site enhances overall production capabilities.
Due to strong demand for lithium-ion batteries and other important markets, Arkema’s (Paris:AKE) previously announced 35% fluoropolymer capacity increase at its Changshu site in China is now revised upwards to a capacity increase of 50%, with no change in the expected start-up date (end-2022).
With this PVDF capacity increase, Arkema accelerates its development in China in order to meet the strong demand from its partner customers in the lithium-ion battery business and support the significant growth in the water filtration, specialty coatings, and semiconductor sectors.
Arkema, a global leader in PVDF production, also recently announced a 50% PVDF capacity increase at its Pierre-Bénite site in France, which is scheduled to come on stream in the first quarter of 2023.
“We are committed to supporting the growth of our customers,” said Erwoan Pezron, Senior Vice-President of Arkema’s High Performance Polymers. “We continue to innovate and grow together, driven by strong end-user demand for sustainable solutions.”
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.
What is Arkema's recent capacity increase for its Changshu site?
Arkema's recent capacity increase for its Changshu site in China has been revised upwards to 50%.
When is the expected start-up date for Arkema's fluoropolymer capacity increase?
The expected start-up date for Arkema's fluoropolymer capacity increase at the Changshu site is scheduled for the end of 2022.
What factors are driving Arkema's capacity expansion?
Strong demand for lithium-ion batteries and growth in sectors like water filtration and semiconductor applications are driving Arkema's capacity expansion.
What percentage of Arkema's sales came from Specialty Materials in 2020?
In 2020, Specialty Materials accounted for approximately 82% of Arkema's sales.
What recent announcement did Arkema make regarding its Pierre-Bénite site?
Arkema announced a 50% increase in PVDF capacity at its Pierre-Bénite site in France, expected to come online in Q1 2023.
