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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Arkema Outlines Growth Plans, Splits into Three Businesses
7:17 AM MDT | September 21, 2012 | —Natasha Alperowicz in Paris
Arkema, at an investor meeting held in Paris last week, provided updates on the progress of the company's transformation program, confirmed previously announced targets for 2016, and introduced a road map to 2020. Thierry Le Hénaff, chairman and CEO, said that Arkema’s ambition is to become a leader in specialty chemicals and advanced materials. He confirms that the company plans to raise sales to €8 billion ($10.4 billion) in 2016, achieve an Ebitda margin of 16%, and maintain its debt-equity ratio below 40%. These numbers compare with an...
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