Creation of Arkema and Total's New Chemicals Business Organization
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In line with the February 19 announcement, on October 1 Total put in place a new organization for its chemicals business, marked by the creation of a new legal entity, Arkema.
The Chemicals Division, headed by François Cornélis, now consists of three business units:
- Total Petrochemicals, covering all petrochemical operations and fertilizers;
- Specialties, combining Hutchinson (rubber processing), Bostik (adhesives), Cray Valley and Sartomer (resins), Atotech (electroplating);
- Arkema, a new unit destined to be independent, encompassing Vinyl Products, Industrial Chemicals and Performance Products.