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January 23, 2014
Arkema acquires acrylic acid plant, forms JV in China
Arkema Arkema (Colombes, France; www.arkema.com)
and Jurong Chemical, a Chinese acrylic acid business, have announced the creation of Sunke, a joint venture in which Arkema will have a majority interest, comprising the assets of Jurong’s acrylic acid production site in Taixing, China, opened in 2012. Production capacity initially will be 160,000 metric tons per year (m.t./yr) for an investment of $240 million, with the option to expand to 320,000 m.t./yr for a further investment of $235 million.