Arkema Acquires a Controlling Stake in PI Advanced Materials
Arkema is broadening its range of high-performance polymers with the acquisition of a controlling stake in PI Advanced Materials (PIAM), a provider of polyimide film based on South Korea. The purchased is expected to be finalized by the end of 2023, subject to the approval of Chinese and Korean anti-trust authorities.
PIAM is a global leader of polyimide film production, with reportedly more than 30% of the global market share. PIAM’s ultra-high-performance polyimide films offer high temperature resistance, dimensional stability, flexibility, and electric insulation. They are increasingly used in markets such as electric vehicles, consumer electronics, semiconductor manufacturing, and other advanced industrial applications. They benefit from the growing need for miniaturization, higher thermal management, and increased safety and durability.