Acrylic Chain Development
4
Highlights of the planned acquisition
Creation of Sunke, an acrylic acid manufacturing JV in partnership with
Jurong Chemical, the leader in acrylic monomers in China
• Strong relationship established with Sun Liping, talented entrepreneur and founder
of Jurong Chemical
⚫ JV includes the Taixing high quality world-scale acrylic monomer assets started in 2012
• Majority share owned by Arkema
Transaction highlights
1st step (summer 2014) access 160 kt/year acrylic acid for US$ 240m
• Option to increase quickly to 320 kt/year acrylic acid for additional US$ 235m (beginning 2015)
• Additional option within 5 years to acquire full production capacity (480 kt/year) for US$ 165m
Key figures
•
·
N
US$ 600m expected FY sales contribution with 320 kt/year
EBITDA margin expected to be in line with Arkema's mid-term targets
● Relutive from 1st full year
● Current financing resources sufficient to cover the deal
ARKEMA
INNOVATIVE
CHEMISTRYView entire presentation