The materials group and solutions group both reported losses, yet with the implementation of cost-saving solutions, the company remains optimistic for the next quarter.
Financial performance for the quarter that resulted in a 32% decline in year-over-year adjusted EBITDA led to the decision to close its titanium dioxide manufacturing facility.
Despite the decline in year-over-year sales, Arkema highlights the positive momentum in its sustainability strategy, its advantageous acquisitions, and its move towards specialty materials.
The National Association of Chemical Distributors has released a statement on the challenges chemical companies face to mitigate homeland security risks without the assistance of the U.S. government.