Arkema acquires China’s Hipro Polymers, Casda Biomaterials for renewable chemicals expansion

In France and China, Arkema has finalized the acquisition of Chinese companies Hipro Polymers, a producer of specialty biosourced polyamides 10.10, and Casda Biomaterials, a producer of sebacic acid processed from castor oil.  Both companies report sales estimated at $230 M for 2011, and employ 750 people on two sites in China.

With Casda Biomaterials, Arkema benefits from integrated feedstock for the production of PA10.10, and, through this strategic intermediate, will supply world markets such as lubricants, plasticizers and corrosion-inhibiting additives, as well as the fast-growing biosourced and biodegradable polymers market.