COLOMBES, France--(BUSINESS WIRE)--Regulatory News:
As part of the arbitration procedure initiated by the Klesch Group against Arkema (Paris:AKE) in March 2013, the International Chamber of Commerce Court of Arbitration has reached a decision. The Court of Arbitration has dismissed all the claims made by the Klesch Group against Arkema, and has ordered Klesch Chemicals LTD to pay Arkema 73.6 million euros in damages and the Klesch Group to reimburse to Arkema the majority of the costs incurred in this procedure.
A designer of materials and innovative solutions, Arkema shapes materials to create new uses. An innate innovation entrepreneur, we accelerate customer performance every single day and generate revenues of €7.5 billion each year. Buoyed by the collective energy of our 19,200 employees, we cultivate interaction with the world around us.