Arkema sets up acrylic acid JV in China
Published February 12, 2014
Arkema and Jurong Chemical, a Chinese producer of acrylic acid, have created Sunke, a joint venture in which Arkema will have a majority interest, comprising the assets of Jurong’s acrylic acid production site in Taixing opened in 2012. Arkema says the acquisition will enable it to grow its coatings business in China and in Asia and will assist its customers in particular in fast-growing markets such as superabsorbents, paints, adhesives and water treatment. Production capacity for Arkema initially will be 160,000 t/year for a $240 million investment, with the option to raise it to 320,000 t/year for a further $235 million investment.