COLOMBES, France–(BUSINESS WIRE)–Regulatory News:
In similar with its major project to increase global capacity of bio-based polyamide 11 by 50% in Singapore, Arkema (Paris:AKE) announces the construction of a polyamide 11 powders plant on its Changshu platform in China, scheduled to come on stream in the first quarter of 2023. This investment will further sustain the growing need for progressive bio-circular materials in Asia.
Rilsan® polyamide 11 powders, currently produced in France thoroughly from replaceable castor beans, are recognized worldwide for their superior similarities and performance in terms of toughness, durability, lightweight and processing versatility. They are used in very demanding applications and provide inventive solutions for fast-growing markets pushed by megatrends such as lasting home appliances, energy-efficient transport, and progressive additive manufacturing (3D printing) chiefly for consumer, industrial, and aerospace markets.
Beyond the bio-based character of the powder, this project will also contribute to Arkema’s ambitious sustainability commitments by using highly efficient manufacturing processes and by being physically closer to the new amino 11 plant in Singapore.
“We are very excited about this expansion”, said Erwoan Pezron, Senior Vice President, High Performance Polymers. “There is strong and growing need in Asia across all of our meaningful powders markets and this additional capacity will permit us to supply the vicinity from within the vicinity.”
This expansion goes hand in hand with the Group’s major polyamide 11 plant currently under construction in Singapore, which is on track to start production mid-2022, and is included in the €450 million exceptional capital expenditure envelope dedicated to polyamide expansion in Asia.
Building on its rare set of skill in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing need for new and sustainable materials. With the goal to become in 2024 a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly inventive segments dedicated to Specialty Materials -Adhesive solutions, progressive Materials, and Coating Solutions- accounting for some 82% of Group sales in 2020, and a well-positioned and competitive Intermediates part. 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 long-lasting 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. www.arkema.com
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