Arkema has announced plans to divest its two South African subsidiaries - Arkema Resins Proprietary Limited and Harveys Composites Proprietary Limited - to South African company, Ferro Industrial Products Proprietary Limited, which specialises in the production and distribution of coatings and materials for composite markets. Through this divestment, Arkema will dispose of non-strategic activities - such as resins for composite materials - which represent few synergies with the remainder of its coating activities.
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