Sector News

Arkema Plans To Divest Sunclear Unit To Commercial Partner BF Invest

June 18, 2015
Chemical Value Chain
(RTTNews.com) – French chemicals company Arkema SA Thursday announced plans to divest its plastic and aluminium sheet distribution business, Sunclear subsidiary, to BF Invest, a historical commercial partner of Sunclear.
 
The company said the project is consistent with its program to divest 700 million euros sales aimed at pursuing the firm’s strategy to refocus on its core business. The project is subject to the trade union information and consultation process and to the approval of the antitrust authorities in France.
 
Arkema has just launched an information and consultation process involving personnel representative bodies with a view to selling off its Sunclear subsidiary.
 
Sunclear, part of the PMMA business, represents sales of some 180 million euros and an enterprise value of 105 million euros. It has 354 employees in Europe.
 
Sunclear markets a wide range of products including polycarbonate sheets, polymethyl methacrylate (PMMA) sheets, and PVC panels.

comments closed

Related News

September 25, 2022

France and Sweden both launch ‘first of a kind’ hydrogen facilities

Chemical Value Chain

France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).

September 25, 2022

NextChem announces €194-million grant for waste-to-hydrogen project in Rome

Chemical Value Chain

The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.

September 25, 2022

The problem with hydrogen

Chemical Value Chain

At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?