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    AKE   FR0010313833

ARKEMA

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ARKEMA : and Addiplast join forces to develop new polyamide compounds

10/21/2013 | 11:49am EDT

As the world's sole chemicals manufacturer to offer the entire long chain polyamides range, polyamide 12 as well as biosourced polyamides PA11 and PA10 derived from castor oil, Arkema is the leading player in the production of specialty polyamides.

Addiplast has emerged both in France and in Europe as one of the leaders in the design of technical compounds and polymers derived from polyamides, polyolefins and polycarbonates. With its expertise in the design of these materials and related processes, Addiplast became a partner of Arkema in the early 2000s.

Through this strengthened partnership, Addiplast will develop from biosourced polyamides (Rilsan® PA 11 and Hiprolon® PA 6-10, PA 10-10, PA 10-12) and other specialty long chain polyamides (Rilsamid® PA12, Hiprolon® PA 6-12) supplied by Arkema, a new range of high-end materials and compounds for injection molding. These compounds are designed for high added value applications requiring specific performances. 

Marketed under the trade names Addinyl® (polyamides of fossil origin) and Addibio® Renew (biosourced polymers), these solutions fulfil demanding specification requirements in terms of mechanical strength and/or chemical resistance. They will serve on the European market diversified segments, including automotive, electronics, sports and leisure, new energies and new technologies.

This partnership will enable Addiplast to expand its offering in biosourced polymers and/or polymers reinforced with natural fibers. This range of new compounds offered by Addiplast will help fulfil the specific requirements of niche applications (colored, flame retardant, ESD, electrically conductive, etc., materials), and for Arkema, it will represent an opportunity to expand its polyamides activities in new markets.

Arkema is the only chemicals producer in the world to boast expertise spanning over 60 years in the chemistry of castor oil, the raw material of its Rilsan® polyamide 11. This position was bolstered in 2012 by the acquisition of Chinese companies Casda, the world leader in sebacic acid derived from castor oil, and Hipro Polymers, a producer of polyamides also from castor oil (Hiprolon® PA6.10, PA6.12, PA10.10, PA10.12), as well as the recent acquisition of a stake in Ihsedu Agrochem, a subsidiary of Jayant Agro in India which specializes in the production of castor oil.


***

A global chemical company and France's leading chemicals producer, Arkema is building the future of the chemical industry every day. Deploying a responsible, innovation-based approach, we produce state-of-the-art specialty chemicals that provide customers with practical solutions to such challenges as climate change, access to drinking water, the future of energy, fossil fuel preservation and the need for lighter materials. With operations in more than 40 countries, some 14,000 employees and 10 research centers, Arkema generates annual revenue of €6.4 billion, and holds leadership positions in all its markets with a portfolio of internationally recognized brands.


Addiplastspecializes in the formulation, flame retardant grades and coloration of Polyamide, Polypropylene, and Polycarbonate compounds. A French independent family-owned company established in1986, Addiplastachieves sales of over17 million, 35% of which in export thanks to its own distribution network in Asia and Africa and its commercial subsidiaries. Building on its quality, environment, safety policy and its innovation strategy (12% of personnel dedicated to R&D activities)Addinyl®,Addilene®, Additer®, Addiflam®, Additec® and Addibio® Renew.

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Number of Analysts 20
Last Close Price 115,75 €
Average target price 125,85 €
Spread / Average Target 8,73%
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Managers and Directors
Thierry le Hénaff Chairman & Chief Executive Officer
Marie-José Donsion Chief Financial Officer
Christian Collette Chief Technical Officer
Marc Schuller Chief Operating Officer
Laurent Mignon Independent Non-Executive Director
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