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Arkema
Arkema S.A. is a publicly listed, multi-national manufacturer of specialty materials, headquartered in La Défense, near Paris, France. It has three specialty materials segments (or divisions); adhesives, advanced materials and coatings. A further segment covers chemical intermediates.
The company was created in 2004, as part of French oil major Total's restructuring of its chemicals business, and floated on the Paris stock exchange in May 2006. Turnover in 2024 was €9.5 billion. Arkema operates in 55 countries and has 21,150 employees, 17 research centers and 157 production plants.
Arkema was created when French oil major Total restructured its chemicals business in 2004, but the company's roots go back many years.
In 1971, Elf and Total merged their chemical operations into Aquitaine Total Organico (ATO), a joint subsidiary. The same year saw the creation of Produits Chimiques Ugine Kuhlmann (PCUK). The joint venture was renamed ATO Chimie in 1973. A second company, Chloé Chimie (40% Elf Aquitaine, 40% Total and 20% Rhône-Poulenc) was formed in 1980 to take over Rhône-Poulenc's chlorochemicals business. Three years later, Total sold its stake in Chloé Chimie to Elf and chemical production in France was reorganized around Atochem, a wholly owned Elf Aquitaine subsidiary that incorporated the activities of ATO Chimie, Chloé Chimie and most of PCUK.
In 1989, Elf Aquitaine acquired the Pennwalt Corporation and, along with M&T Chemicals and Atochem Inc., formed Atochem North America Inc. Pennwalt can trace its roots to the formation of The Pennsylvania Salt Manufacturing Co. by five Philadelphia Quakers in 1850. The Pennsylvania Salt Manufacturing Co. changed its name to Pennsalt Chemicals Corp in 1957 and merged with Wallace and Tiernan Inc. to form Pennwalt Corp in 1969.
The year 1990 saw another reorganization of chemical production in France. Orkem's petrochemicals, styrenics, fertilizers and acrylics businesses were integrated into Atochem, while specialties (resin and paint) moved to Total. Montedison's organic peroxide business was acquired. Atochem was renamed Elf Atochem in 1992 and merged with Total's chemical businesses into Atofina a year after the takeover of Elf by TotalFina in 1999.
In February 2004, Total, the French-based multinational oil conglomerate announced a reorganisation of its chemicals business. A new company under Total's ownership, named Arkema, was formed on 1 October into which Total placed certain assets held by its Atofina subsidiary, which was then dissolved. The kem part of Arkema's name references the company as a chemicals producer. Arkema was structured into three divisions producing vinyl products (chlorochemicals and PVC, vinyl compounds and pipes and profiles), industrial chemicals (acrylics, fluorochemicals, hydrogen peroxide, PMMA and thiochemicals) and performance products (additives, organic peroxides, agrochemicals and urea-formaldehyde resins).
Total's intention to spin off Arkema into an independent listed company was achieved on 18 May 2006 when Arkema debuted on the Paris stock market. In June 2011, Arkema joined the CAC Next 20 French stock market index.
Arkema
Arkema S.A. is a publicly listed, multi-national manufacturer of specialty materials, headquartered in La Défense, near Paris, France. It has three specialty materials segments (or divisions); adhesives, advanced materials and coatings. A further segment covers chemical intermediates.
The company was created in 2004, as part of French oil major Total's restructuring of its chemicals business, and floated on the Paris stock exchange in May 2006. Turnover in 2024 was €9.5 billion. Arkema operates in 55 countries and has 21,150 employees, 17 research centers and 157 production plants.
Arkema was created when French oil major Total restructured its chemicals business in 2004, but the company's roots go back many years.
In 1971, Elf and Total merged their chemical operations into Aquitaine Total Organico (ATO), a joint subsidiary. The same year saw the creation of Produits Chimiques Ugine Kuhlmann (PCUK). The joint venture was renamed ATO Chimie in 1973. A second company, Chloé Chimie (40% Elf Aquitaine, 40% Total and 20% Rhône-Poulenc) was formed in 1980 to take over Rhône-Poulenc's chlorochemicals business. Three years later, Total sold its stake in Chloé Chimie to Elf and chemical production in France was reorganized around Atochem, a wholly owned Elf Aquitaine subsidiary that incorporated the activities of ATO Chimie, Chloé Chimie and most of PCUK.
In 1989, Elf Aquitaine acquired the Pennwalt Corporation and, along with M&T Chemicals and Atochem Inc., formed Atochem North America Inc. Pennwalt can trace its roots to the formation of The Pennsylvania Salt Manufacturing Co. by five Philadelphia Quakers in 1850. The Pennsylvania Salt Manufacturing Co. changed its name to Pennsalt Chemicals Corp in 1957 and merged with Wallace and Tiernan Inc. to form Pennwalt Corp in 1969.
The year 1990 saw another reorganization of chemical production in France. Orkem's petrochemicals, styrenics, fertilizers and acrylics businesses were integrated into Atochem, while specialties (resin and paint) moved to Total. Montedison's organic peroxide business was acquired. Atochem was renamed Elf Atochem in 1992 and merged with Total's chemical businesses into Atofina a year after the takeover of Elf by TotalFina in 1999.
In February 2004, Total, the French-based multinational oil conglomerate announced a reorganisation of its chemicals business. A new company under Total's ownership, named Arkema, was formed on 1 October into which Total placed certain assets held by its Atofina subsidiary, which was then dissolved. The kem part of Arkema's name references the company as a chemicals producer. Arkema was structured into three divisions producing vinyl products (chlorochemicals and PVC, vinyl compounds and pipes and profiles), industrial chemicals (acrylics, fluorochemicals, hydrogen peroxide, PMMA and thiochemicals) and performance products (additives, organic peroxides, agrochemicals and urea-formaldehyde resins).
Total's intention to spin off Arkema into an independent listed company was achieved on 18 May 2006 when Arkema debuted on the Paris stock market. In June 2011, Arkema joined the CAC Next 20 French stock market index.