Rooted in China Arkema further expands investment in China

On March 3, Arkema made an appearance at the 2023 Zhangjiagang (Shanghai) Investment Promotion Conference of “Jianghai Linkage Meet Zhangjiagang”, announcing the successful capital increase of 500 million yuan in Zhangjiagang. Previously, Bostik, a subsidiary of the Arkema Group,
Bostik also successfully increased its capital by RMB 100 million in Changshu City, and announced a capital increase of RMB 400 million in Minhang District, Shanghai. Arkema is full of confidence in the Chinese market and continues to expand investment in China to better serve the local market.

“The Chinese market is very important to the Arkema Group. We have continued to invest in China and expand our business footprint. Arkema’s business in China has also maintained steady growth with a good momentum of development.” Arkema University Zhang Xiaoyu, President of the China Region, said, “China is promoting high-level opening up to the outside world, creating a market-oriented, law-based, and international first-class business environment for our multinational companies, which has also greatly boosted Arkema’s confidence in operating in China. The recent capital increase plans have fully demonstrated our determination to take root in the Chinese market and implement the localization strategy, and we will further strengthen cooperation with customers to meet the needs of the future development of the Chinese market.”

Arkema formally signed a cooperation agreement with the Zhangjiagang Municipal Government on a capital increase project

Increasing capital in Zhangjiagang to promote the development of circular economy

On March 3, Chen Yuye, deputy general manager and government affairs director of Arkema Changshu Base, and Jiang Baocheng, general manager of Arkema (Suzhou) Polymer Materials Co., Ltd., were invited to attend the 2023 Zhangjiagang (Shanghai) Investment Promotion Conference of “Jianghai Linkage Meet Zhangjiagang” , formally signed a cooperation agreement with the Zhangjiagang Municipal Government for the capital increase project.

Arkema was invited to hold talks with the Zhangjiagang Municipal Government on the capital increase project

Arkema (Suzhou) Polymer Materials Co., Ltd. is a wholly-owned subsidiary of Arkema Group and also its most important downstream plant of high-performance bio-based polymers in Asia. As one of the Group’s flagship products, the recycled high-performance bio-based polymer materials (Advanced
Bio-based Circular Materials), with excellent performance and longer service life, and realized recycling, is a truly sustainable solution.

As early as November last year, Zhang Xiaoyu, President of Arkema Greater China, had held friendly negotiations with the Zhangjiagang Municipal Government on the capital increase plan on behalf of the group. The additional investment of RMB 500 million in Zhangjiagang will enable the Zhangjiagang factory to further improve its technology and services, and support the group’s Symphony* in Singapore by optimizing the modification and technical transformation projects invested in and constructed in 2021.
Major investment project to provide higher quality solutions for the growing Asian market. At the same time, as the group’s first target lighthouse factory test base in Asia, the Zhangjiagang factory will also take this opportunity to accelerate the upgrade of digital intelligent manufacturing, comprehensively improve the manufacturing level and respond to the market.

Jiang Baocheng, general manager of Arkema (Suzhou) Polymer Materials Co., Ltd., said: “We have always been actively responding to the group’s vision of ‘innovative materials, building a sustainable world’, and continue to provide customers with pioneering and sustainable solutions. Solutions. At present, our high-performance specialty polyamide products from renewable raw materials have been widely used in various fields. Through this capital increase, we will further develop and innovate to provide more sustainable and higher performance for the local market products to help the Group’s sustainable development process of the chemical industry under China’s decarbonization strategy and the ‘double carbon’ goal.”

* The Symphony project is a new world-scale plant currently being built by Arkema in Singapore, focusing on the production of aminoundecanoic acid monomer and Rilsan®
Polyamide 11 resin, including the establishment of downstream polymer capacity in China, aims to increase the global production capacity of polyamide 11 by 50% to better serve the Asian market.

Multi-site linkage to expand Bostik’s development in China

Previously, Zhang Xiaoyu, President of Arkema Greater China, Chen Yuye, Deputy General Manager and Director of Government Affairs of Arkema Changshu Base, and He Jingchao, General Manager of Jiangsu Bostik Adhesive Co., Ltd., discussed Bostik’s production expansion and capital increase issues with Changshu Municipal Party Committee, Economic The development zone had a friendly conversation. Chen Guodong, Member of the Standing Committee of the Changshu Municipal Party Committee, Deputy Secretary of the Party Working Committee of the Economic Development Zone, and Deputy Director of the Management Committee, and Yao Weidong, Member of the Party Working Committee of the Economic Development Zone and Deputy Director of the Management Committee, participated in the negotiation.

Akema had a friendly conversation with Changshu Municipal Party Committee and Economic Development Zone on Bostik’s production expansion and capital increase

BOSTIK is an important pillar of the Specialty Adhesives business segment of the Arkema Group, with production plants in Shanghai, Guangzhou, Changshu and Taiwan in China. In recent years, BOSTIK
Bostik business showed a steady growth trend. The capital increase plan in Changshu will help Bostik continue to develop and provide innovative products and cutting-edge solutions for industrial production, construction and consumption of intelligent adhesives to meet the booming market demand in China and Asia.

He Jingchao, general manager of Jiangsu Bostik Adhesive Co., Ltd. said: “The capital increase of 100 million yuan in Changshu is another major move after Bostik announced the capital increase of 400 million yuan in Minhang District, Shanghai. Implement localization plans for key technologies, cooperate with upstream and downstream to build a more resilient, secure and stable industrial chain, and provide local customers with convenient and safe services with newer and smarter solutions.”