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ARKEMA

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Arkema to increase its global Pebax elastomers production capacity by 25%

01/18/2022 | 08:46am EDT

To support its customers' strong growth, in particular in the sports and consumer goods markets, Arkema will increase its global manufacturing capacity for Pebax elastomers by approximately 25% through an investment at its Serquigny plant in France.

Arkema announces a 25% increase in its global Pebax elastomer production capacity by investing in Serquigny in France. This investment will notably enable increased production of the bio-circular Pebax Rnew and traditional Pebax ranges.

This new capacity will produce a variety of highly specialized grades to meet growing demand in numerous demanding applications thanks to the lightweight, flexibility and excellent energy return of these materials. These properties are particularly appreciated in sports equipment, such as soles for running shoes, ski boots or technical textile, in consumer goods such as smartphones and flexible screens, as well as in other markets such as medical equipment.

Derived from renewable castor seeds, Pebax Rnew advanced bio-circular materials offer a sustainable solution to our customers who are increasingly driven by sustainability and social responsibility. Compared to other elastomers on the market, these materials have a carbon footprint that is up to 50% lower and can be fully recycled. In addition, this investment, which is scheduled to come on stream mid-2023, will lower the water consumption of the site by 25% thanks to process optimization.

'We are very excited to commit to an expansion in our Pebax elastomers capacity' said Erwoan Pezron, Senior Vice-President of Arkema's High Performance Polymers Business Line. 'The Serquigny plant has a long proven legacy in the production of these advanced materials, and we are delighted to add this new capacity to support our customers' growing demand for high-performance sustainable materials. We will also continue to produce many of these materials at our Birdsboro plant in Pennsylvania'.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Sales 2022 10 655 M 11 182 M 11 182 M
Net income 2022 822 M 862 M 862 M
Net Debt 2022 1 688 M 1 771 M 1 771 M
P/E ratio 2022 11,2x
Yield 2022 2,80%
Capitalization 8 684 M 9 113 M 9 113 M
EV / Sales 2022 0,97x
EV / Sales 2023 0,94x
Nbr of Employees 20 200
Free-Float 88,0%
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Number of Analysts 19
Last Close Price 117,45 €
Average target price 136,61 €
Spread / Average Target 16,3%
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Thierry le Hénaff Chairman & Chief Executive Officer
Marie-José Donsion Chief Financial Officer
Christian Collette Chief Technical Officer
Armand Ajdari Chief Technology Officer
Marc Schuller Chief Operating Officer
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