Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, May 17 2018 - 17:30
Bostik Steps Up Its Development in Adhesives in Japan
PARIS, May 17, 2018, /PRNewswire-AsiaNet/--

Arkema has announced the proposed acquisition by the Bostik-Nitta joint-venture 
of the industrial adhesives of Nitta-Gelatin Inc., as well as the construction 
of a new world-scale adhesives plant in Japan. These operations will enable 
Bostik to supply its Japanese customers in the buoyant nonwoven markets for 
hygiene applications and in the packaging, labelling, transportation and 
electronics industrial markets. 

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The Bostik-Nitta JV, majority-owned by Bostik, will strengthen its adhesives 
business in the Japanese market with two projects:      

The proposed acquisition by the Bostik-Nitta JV of Nitta-Gelatin Inc.'s 
industrial adhesives 

This acquisition, representing sales of some (EUR)30 million, will help step up 
the development of these activities in fast-growing markets such as electronics 
and automotive. The acquisition is due to be completed this summer subject to 
approval by anti-trust authorities.

The construction by the Bostik-Nitta JV of a new adhesives plant in Nara 

The Bostik-Nitta JV will also invest in the construction of a new world-scale 
plant that will include several production lines dedicated on the one hand to 
adhesives for the nonwoven market for hygiene applications, and on the other to 
the industrial adhesives markets. The new facility, to be located in Nara, 
Japan, should come on stream early 2020. It will enable the Bostik-Nitta JV to 
support the strong growth of its customers in the Japanese hygiene market and 
to reinforce the production of some industrial adhesives product lines.

With this operation, Arkema is actively pursuing its strategy to develop its 
adhesives, which represent one of the major drivers of its long-term growth.

About Bostik, an Arkema company 

Bostik is a leading global adhesive specialist in industrial, construction and 
consumer markets. For more than a century, it has been developing innovative 
adhesive solutions that are smarter and more adaptive to the forces that shape 
daily lives. From cradle to grave, from home to office, Bostik's smart 
adhesives can be found everywhere. With annual sales of (EUR)2 billion, the 
company employs 6,000 people and has a presence in more than 50 countries. For 
the latest information, visit .

About Arkema 

A designer of materials and innovative solutions, Arkema shapes materials and 
creates new uses that accelerate customer performance. Our balanced business 
portfolio spans high-performance materials, industrial specialties and coating 
solutions. Our globally recognized brands are ranked among the leaders in the 
markets we serve. Reporting annual sales of (EUR)8.3 billion in 2017, we employ 
approximately 20,000 people worldwide and operate in close to 55 countries. We 
are committed to active engagement with all our stakeholders. Our research 
centers in North America, France and Asia concentrate on advances in bio-based 
products, new energies, water management, electronic solutions, lightweight 
materials and design, home efficiency and insulation.

Source: Bostik