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Arkema Announces Project for Divestment of Its Coating Business in South Africa


Announces plan to divest its two South African subsidiaries to Ferro Industrial Products Proprietary Limited

Arkema announces a plan to divest its two South African subsidiaries, Arkema Resins Proprietary Limited and Harveys Composites Proprietary Limited, to a South African company, Ferro Industrial Products Proprietary Limited, that specializes in the production and distribution of coatings and materials for composite markets. Through this divestment, Arkema will dispose of non-strategic activities - such as resins for composite materials - which represent few synergies with the remainder of its coating activities.

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