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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Arkema    AKE   FR0010313833

ARKEMA

(AKE)
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Arkema : Starts up its New Kynar® Fluoropolymer Capacity for Batteries at its Changshu Plant in China

11/24/2020 | 02:31am EST

Regulatory News:

Arkema (Paris:AKE) starts up its 50% capacity increase of Kynar® fluoropolymer for the lithium-ion battery business at its Changshu plant in China in December 2020, with the first commercial supplies for January 2021.

Driven by strong growth in demand for electric vehicles and consumer electronics devices, as well as energy storage, the global lithium-ion battery market continues to expand at an accelerating pace. As an innovating pioneer in fluoropolymer materials used as both electrode binders and separator coatings in high performance batteries, Arkema continues to play an enabling role in this technological revolution.

“Our portfolio of solutions for the battery market greatly enhances the performance and the safety of advanced batteries. Our unique global Kynar® fluoropolymer production footprint enables us to support the growth of our global customers with speed and versatility,” said Erwoan Pezron, Senior Vice-President, High Performance Polymers of Arkema. This is also a strong vote of confidence in our Changshu plant. In just a few months, we will celebrate the 10th anniversary of this plant, and in that decade, we have expanded successfully several times. This plant is one of the world’s largest plants for Arkema, and undoubtedly, it will continue to grow”.

Arkema has been a world leader in fluoropolymer PVDF production for several decades, and an innovating supplier to the lithium-ion battery market since the very beginning. With humble origins in consumer electronics devices and power tools, growth was driven first by the rapid global expansion of smartphones and other smart devices, and more recently by the surge in electric vehicle production, and energy storage systems (ESS) used for example, in wind and solar energy.

Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and sustainable materials. With the ambition to become in 2024 a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials -Adhesive solutions, Advanced Materials, and Coating Solutions- accounting for some 80% of Group sales, and a well-positioned and competitive Intermediates segment. 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 permanent dialogue with all its stakeholders. The Group reported sales of €8.7 billion in 2019, and operates in some 55 countries with 20,500 employees worldwide. www.arkema.com


© Business Wire 2020
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Sales 2020 7 754 M 9 433 M 9 433 M
Net income 2020 367 M 446 M 446 M
Net Debt 2020 1 654 M 2 012 M 2 012 M
P/E ratio 2020 19,9x
Yield 2020 2,61%
Capitalization 7 087 M 8 619 M 8 621 M
EV / Sales 2020 1,13x
EV / Sales 2021 1,08x
Nbr of Employees 20 500
Free-Float 89,2%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 102,08 €
Last Close Price 93,00 €
Spread / Highest target 23,7%
Spread / Average Target 9,77%
Spread / Lowest Target -5,38%
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Managers and Directors
NameTitle
Thierry le Hénaff Chairman & Chief Executive Officer
Marc Schuller Chief Operating Officer
Marie-José Donsion Chief Financial Officer
Christian Collette Chief Technical Officer
Laurent Mignon Independent Non-Executive Director
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