The Indian group Praana is a leading producer of specialty chemicals and composite materials comprising Sterling Specialty Chemicals, Galata Chemicals, Artek Surfin Chemicals, and 3B Fibreglass, which offer advanced solutions for the construction, textile, automotive, cleaning and personal care products industries as well as various industrial markets.
This proposed divestment is expected to be finalized in the first quarter of 2026 and is subject to a preliminary information and consultation process involving the employee representative bodies in the Netherlands.
Arkema thus continues to actively manage its portfolio and to refocus on strategic and higher value-added activities in Specialty Materials.