Industry News

Arkema finalizes the sale of its Urea Formaldehyde Resins business to Hexion

Published on 2007-11-05. Author : SpecialChem

Arkema has finalized the sale of its Urea Formaldehyde Resins business to the American company Hexion, the world leader in thermoset resins.

The divestment of this activity falls in line with the planned evolution of the Group's business portfolio following the divestment of its Agrochemicals business unit and Amines activity in the United States and the acquisition of the company Coatex

A global chemical player, Arkema consists of 3 coherent and related business segments: Vinyl Products, Industrial Chemicals, and Performance Products. Present in over 40 countries with 17,000 employees, Arkema achieves sales of 5.7 billion euros. With its 6 research centers in France, the United States and Japan, and internationally recognized brands, Arkema holds leadership positions in its principal markets.

Source: Arkema

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