Arkema: Bostik steps up its development in adhesives in Japan

COLOMBES, France--()--Regulatory News:

Arkema (Paris:AKE) has announced the proposed acquisition by the Bostik-Nitta joint-venture of the industrial adhesives of Nitta-Gelatin Inc., as well as the construction of a new world-scale adhesives plant in Japan. These operations will enable Bostik to supply its Japanese customers in the buoyant nonwoven markets for hygiene applications and in the packaging, labelling, transportation and electronics industrial markets.

The Bostik-Nitta JV, majority-owned by Bostik, will strengthen its adhesives business in the Japanese market with two projects:

  • The proposed acquisition by the Bostik-Nitta JV of Nitta-Gelatin Inc.’s industrial adhesives
    This acquisition, representing sales of some €30 million, will help step up the development of these activities in fast-growing markets such as electronics and automotive. The acquisition is due to be completed this summer subject to approval by anti-trust authorities.
  • The construction by the Bostik-Nitta JV of a new adhesives plant in Nara
    The Bostik-Nitta JV will also invest in the construction of a new world-scale plant that will include several production lines dedicated on the one hand to adhesives for the nonwoven market for hygiene applications, and on the other to the industrial adhesives markets. The new facility, to be located in Nara, Japan, should come on stream early 2020. It will enable the Bostik-Nitta JV to support the strong growth of its customers in the Japanese hygiene market and to reinforce the production of some industrial adhesives product lines.

With this operation, Arkema is actively pursuing its strategy to develop its adhesives, which represent one of the major drivers of its long-term growth.

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 €8.3 billion in 2017, we employ approximately 20,000 people worldwide and operate in close to 55 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

Arkema
420, rue d’Estienne d’Orves – F-92705 Colombes Cedex – France
Tel.: +33 1 49 00 80 80 – Fax: +33 1 49 00 83 96
A French société anonyme (limited company) with share capital of €754,701,730 – Registered in Nanterre: RCS 445 074 685
arkema.com

Contacts

Arkema
INVESTOR RELATIONS CONTACTS
Sophie Fouillat, +33 1 49 00 86 37
sophie.fouillat@arkema.com
or
François Ruas, +33 1 49 00 72 07
francois.ruas@arkema.com
or
MEDIA CONTACTS
Gilles Galinier, +33 1 49 00 70 07
gilles.galinier@arkema.com
or
Véronique Obrecht, +33 1 49 00 88 41
veronique.obrecht@arkema.com

Contacts

Arkema
INVESTOR RELATIONS CONTACTS
Sophie Fouillat, +33 1 49 00 86 37
sophie.fouillat@arkema.com
or
François Ruas, +33 1 49 00 72 07
francois.ruas@arkema.com
or
MEDIA CONTACTS
Gilles Galinier, +33 1 49 00 70 07
gilles.galinier@arkema.com
or
Véronique Obrecht, +33 1 49 00 88 41
veronique.obrecht@arkema.com