Bostik invests $11M in joint venture with Cartell Chemical for cyanoacrylate monomers

Arkema's subsidiary Bostik has invested approximately $11 million in a joint venture with Taiwanese company Cartell Chemical Co, named CMC (Crackless Monomer Company). Bostik will own 51% of the JV, which will produce specialty cyanoacrylate monomers for high value-added engineering adhesives.

“CMC, which will be 51%-owned by Bostik for an investment of around US$ 11 million, will produce specialty cyanoacrylate monomers on an industrial scale at a competitive cost.”businesswire.com

• 2 sources
• businesswire.comArkema: Bostik Invests in a Joint Venture With Cartell Chemical Co to Strengthen Its Instant Engineering Adhesives BusinessINVESTOR RELATIONSJan 19, 2021
• bostik.comBostik invests in a joint venture with Cartell Chemical Co to strengthen its instant engineering adhesives business | Bostik GlobalJan 21, 2021

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