19 December 2007 09:25 [Source: ICIS news]
"This acquisition represents an excellent growth opportunity in a segment in which Altuglas International enjoys real expertise. It will allow us to boost our leading position in PMMA sheet in Europe," said Christophe de Saint Louvent, Arkema’s PMMA and methacrylics group president.
With eight production sites around the world, Altuglas International, an Arkema subsidiary, markets 20% of PMMA world production in the form of acrylic sheet and resin.
Repsol has two sheet and block production sites at Bronderslev in Denmark and at Polivar in Italy, with annual sales of around €30m ($43.2m), Arkema said.
($1 = €0.69)
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