Arkema’s Bostik expands its Production Capacity in the Philippines

Philippines: Bostik, a subsidiary of France based specialty chemicals manufacturer, that is Arkema, has expanded production capacity of its speciality adhesive business line in the Philippines. The new plant was officially opened on March 18, 2016 in Misamis Oriental province and is involved in the production of tile adhesives, wall finishing products etc. These manufactured products are based on the Bostik’s Polymer Modified Binder (PMB) technology and will cater to the high demand in Mindanao and Visayas regions in the Philippines. Bostik has been present in the Philippines since 2005. The company already controls adhesive manufacturing facilities in the United States, India, Mexico, Brazil and Malaysia.

TechSci Research depicts that the expansion of Bostik’s cementitious powder production capacity in the Philippines would contribute to the company’s significant growth in the construction business in South East Asia. Additionally, enable the company to address the growing demand for specialty adhesives for application in construction sector, thereby improving its presence in the construction chemicals market.

According to TechSci Research report GCC Construction Chemicals Market, By Type, By End User, Competition Forecast and Opportunities, 2011 - 2021”, construction chemicals market in the GCC region is projected to grow at a CAGR of over 7% during 2016. Growth in the market is anticipated on account of rising investments in construction of residential complexes as well as commercial sector and increasing expenditure on infrastructure projects by the government.