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Arkema Outlines Future Growth Plans, Splits Operations into Three Businesses

9:32 AM MDT | September 18, 2012 | Natasha Alperowicz in Paris

Arkema at today’s Investor Day meeting in Paris outlined its transformation progress to date, confirmed previously announced 2016 targets and provided a road map to 2020. Thierry Le Hénaff, chairman and CEO, said that Arkema’s ambition is to become a leader in speciality chemicals and advanced materials. He confirmed that the company plans to raise sales to €8 billion ($10.45 billion) in 2016, achieve an Ebitda margin of 16%, and keep gearing below 40%. These numbers compares with an estimated €6.5 billion in sales this year and...

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