French chemical producer Arkema recently announced the sale of two families of additives -- ceramic opacifiers and polyester resin catalysts -- produced in China to the Hoe Seng Co Pte Ltd group (Singapore). "The sale of these non-strategic activities for Arkema will enable us to focus our resources on the development of other core business segments in which we offer genuine added value and hold leading positions," explains Richard Rowe, Managing Director of the Functional Additives business unit.
The production of these additives is located in Guangzhou site (China) and comprising of 105 people and accounting for EUR 13 mln annual sales. Ceramic opacifiers are used as additives for sanitaryware and ceramic tiles. Antimony-based PET catalysts are used by polyethylene terephthalate (PET) producers for polycondensation reactions. End-products include polyester fiber, resin for bottles, and tires.