Arkema in acquisition of mainland polyamide firm


Arkema (Colombes, France) plans to acquire Chinese company Hipro Polymers (Zhangjiagang), a fast-growing producer of bio-sourced polyamide 10.10. The company also intends to acquire Casda Biomaterials (Hebei, China), a global leader in sebacic acid derived from castor oil and used in particular to manufacture this polyamide 10.10.

In anticipation of the rapid development expected over the next few years, Hipro Polymers also plans to triple its production capacity. Current capacity of 5000 tonnes/year will be boosted by Q2 of 2012.

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