Arkema to Sell SAP Unit

Arkema says it has agreed to sell its superabsorbent polymer (SAP) business to Sumitomo Seika (Osaka, Japan), for an undisclosed sum. Arkema says it produces 15,000 m.t./year of SAP at Carling, France; and its business generates sales of about €20 million ($31 million)/year. Arkema says it will toll manufacture SAP at the Carling site. The deal also includes a long-term contract for the supply of acrylic acid produced at Carling, Arkema says. Sumitomo Seika says it is the fourth-largest global SAP producer, with capacity for 140,000 m.t./year at Osaka and...

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