France: Sales from Arkema’s High Performance Materials division, which includes insulation products, rose by 12.5% year-on-year to Euro1.97bn in the first half of 2017 from Euro1.75bn in the same period of 2016. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 8.3% to Euro340m form Euro314m. The chemical producer mainly attributed the boost in sales to its acquisition of sealant producer Den Braven in late 2016. Overall the company also reported increases in sales and EBITDA.
