Arkema: Moving to a Higher-Margin Portfolio

Arkema (Paris), France’s biggest chemical company by sales, is on track to achieve its mid-term profitability goals by the end of 2010 and to continue its expansion, says Thierry Le Hénaff, chairman and CEO. The targets will be achieved through ongoing restructuring as well as “selective” organic growth and “clever” bolt-on acquisitions, Le Hénaff says. The company has already undergone drastic changes to improve profitability and reduce portfolio cyclicality since its creation by Total four years ago and its separation from Total in May 2006 via a listing on the Euronext (Paris) stock exchange.

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