Arkema finalizes the divestment of its Tin Stabilizer business to PMC Group
On October 1st 2012 Arkema finalized the divestment of its tin stabilizer business announced in July 2012 to PMC Group, specialized in the manufacture of performance chemicals and plastics.
The divested business accounts for sales of around €180 M on three continents, and includes four production sites in the United States, Europe and China.
The product range concerned by this divestment consists of tin derivatives, including Thermolite® stabilizers used in the production of PVC for construction, Fascat® catalysts used in the automotive industry, and a number of fine chemicals.
With this operation, Arkema refocuses its functional additives activities mostly on organic peroxides, used as reaction initiators for commodity polymers.
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