With its roots in China, Arkema has further expanded its investment in China

On March 3, Arkema appeared at the 2023 Zhangjiagang (Shanghai) Investment Promotion Conference of "Jianghai Joint Meeting in Zhangjiagang" and announced a successful capital increase of 500 million yuan in Zhangjiagang. Earlier, Arkema Group's Bostik Glue also successfully increased its capital by 100 million yuan in Changshu City, and announced a capital increase of 400 million yuan in Minhang District of Shanghai. Arkema has full confidence in the Chinese market and continues to expand its investment in China to better serve the local market.

"China is a very important market for Arkema Group. We have continued to invest and expand our footprint in China, and Arkema's business in China has continued to grow steadily." Zhang Xiaoyu, President of Arkema Greater China, said, "China is promoting high-level opening-up and creating a market-oriented, law-based and international business environment for our multinational enterprises, which has greatly boosted Arkema's confidence in operating in China. The recent capital increases demonstrate our commitment to the Chinese market and our localization strategy, and we will further strengthen our cooperation with our customers to meet the needs of the Chinese market in the future."

Arkema officially signed a cooperation agreement with Zhangjiagang Municipal Government for the capital increase project

Increase capital in Zhangjiagang to promote the development of circular economy

On March 3rd, Chen Yuye, Deputy general manager and Director of Government Affairs of Arkema Changshu Base, Jiang Baocheng, general manager of Arkema (Suzhou) Polymer Materials Co., Ltd. and others were invited to attend the 2023 Zhangjiagang (Shanghai) Investment Promotion Meeting of "Jianghai Linkage Meeting in Zhangjiagang", and formally signed the cooperation agreement of capital increase project with Zhangjiagang Municipal Government.

Arkema was invited to hold talks with the Zhangjiagang Municipal government on the capital increase project

Arkema (Suzhou) Polymer Materials Co., Ltd. is a wholly-owned subsidiary of Arkema Group and its most important downstream facility for high-performance bio-based polymers in Asia. As one of the Group's flagship products, Advanced Bio-based Circular Materials provided by Zhangjiagang plant are truly sustainable solutions with excellent performance, longer service life and recycling.

As early as last November, Arkema Greater China president Zhang Xiaoyu had held friendly talks with the Zhangjiagang municipal government on behalf of the group on the capital increase plan. The capital increase of RMB 500 million in Zhangjiagang will enable the Zhangjiagang factory to further improve its technology and services, support the Group's Symphony* major investment project in Singapore by optimizing the technical modification project to be constructed in 2021, and provide higher quality solutions for the growing Asian market. At the same time, as the group's first target lighthouse factory test base in Asia, Zhangjiagang factory will also take this opportunity to accelerate the upgrade of digital intelligent manufacturing, comprehensively improve the manufacturing level and market response ability.

Jiang Baocheng, General Manager of Arkema (Suzhou) Polymer Materials Co., LTD, said, "We have been actively responding to the Group's vision of 'Innovative materials for a sustainable world' and continue to provide innovative and sustainable solutions to our customers. At present, our high performance specialty polyamide products from renewable raw materials have been widely used in various fields. Through this capital increase, we will further innovate and provide more sustainable and higher performance products for the local market, in order to support the sustainable development process of the chemical industry under the Group's decarbonization strategy and the 'two-carbon' goal in China."

* The Symphony project is Arkema's new world-class facility in Singapore, focused on the production of aminoundecanoic monomer and Rilsan® polyamide 11 resin. It includes a downstream polymer capacity in China and aims to increase global capacity of polyamide 11 by 50% to better serve the Asian market.

Multi - linkage, expand BOLS rubber in China development

Before the meeting, Zhang Xiaoyu, President of Arkema Greater China Region, Chen Yuye, Deputy General manager and Director of Government Affairs of Arkema Changshu Base, and He Jingchao, general manager of Jiangsu Bosh Adhesive Co., Ltd. had a friendly conversation with Changshu Municipal Committee and Economic Development Zone on the issues of production expansion and capital increase of Bosh Glue. Chen Guodong, member of the Standing Committee of Changshu Municipal Committee, Deputy Secretary of the Party Working Committee of Changshu District and deputy director of the Management Committee, and Yao Weidong, member of the Party Working Committee of Changshu District and deputy director of the Management Committee, also participated in the negotiation.

Arkema made friendly talks with Changshu Municipal Party Committee and Economic Development Zone on the issue of expansion and capital increase of BOLS Glue

BOSTIK Gum is an important pillar of Arkema's specialty adhesives business division in China, with manufacturing facilities in Shanghai, Guangzhou, Changshu and Taiwan. In recent years, BOSTIK glue business has shown a steady growth trend. The Changshu capital increase plan will help Bols Rubber continue to develop and provide innovative products and cutting-edge solutions for smart adhesives for industrial production, construction and consumption to meet the booming market demand in China and Asia.

He Jingchao, general manager of Jiangsu Boshi Adhesive Co., LTD., said: "The 100 million RMB capital increase in Changshu is another major measure after the announcement of 400 million RMB capital increase in Minhang District of Shanghai. It will further support our localization plan for some key technologies and build a more resilient, safe and stable industrial chain with upstream and downstream cooperation. To provide local customers with more innovative and intelligent solutions to provide convenient and safe services."