Arkema sells specialty amines unit to Taminco

01 May 2007 14:41  [Source: ICIS news]

LONDON (ICIS news)--Arkema will sell its specialty amines business based in Riverview, Michigan, to Taminco for an undisclosed sum, the French chemicals company said on Tuesday.

The business is part of the thiochemicals division and has annual sales of about $72m (€53m).

Arkema started restructuring its operations at the facility at the end of 2005, closing its sulfonyls and commodity amines production plants to refocus on specialty amines.

“Arkema has now decided to sell this non-strategic activity to Taminco, whose core business is the production of amines and derivatives,” the company said

The facility's specialties include alkyl-alcanol-amines (AAA), alkyl-hydroxyl-amines (DEHA) and basic alkyl-amines (AA).

AAAs are used primarily as intermediates in detergents, water treatment, lubricants and coatings, and as gas treatment agents.

DEHAs are mainly used as polymerisation additives and water treatment intermediates.

AAs are used as intermediates in agrochemicals and pharmaceuticals, as a catalyst for foundry resin and as feedstock for rubber additives and more complex amines.

($1 = 0.73)

By: Hilde Ovrebekk
+44 20 8652 3214

< previous article(ICIS Chemical Business podcast November 2, 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly