On October 14th 2019, Arkema announced the proposed divestment of its Functional Polyolefins business to SK Global Chemical, a subsidiary of South Korean SK Group. The closing is expected to occur in the second quarter of 2020.

Arkema announces the proposed divestment of its Functional Polyolefins business to SK Global Chemical, a major chemicals player in South Korea and a subsidiary of SK, the large South-Korean corporation. With this project, Arkema continues its shift towards specialty chemicals and advanced materials.