Businessweek

key drivers. It markets specialty products in more than sixty countries and intends to develop by combining organic growth and targeted acquisitions. Rubber Processing: Hutchinson manufactures and markets products derived from rubber processing that are principally intended for the automotive, aerospace, and defense industries. Adhesives: The company offers products in the industrial, hygiene, construction and consumer and professional distribution markets complemented by both consumer and professional distribution channels. Electroplating: Atotech is active in both the electronics and general metal finishing markets. Atotech has 16 production sites worldwide, including 7 in Asia, 6 in Europe, 2 in North America, and 1 in South America. Significant Events In June 2012, Total SA, Soc Bearnaise De Gestion Industrielle and Arkema S.A. inaugurated the Lacq Cluster Chimie 2030 (LCC30) project. In June 2012, Total SA announced a production sharing contract with the Kenyan government for Block L22, which it would operate with a 100% interest. Covering an area of more than 10,000 square kilometers, the exploration license is located offshore the Lamu Archipelago in water depths of between 2,000 and 3,500 meters. The first phase of the exploration program consists of a 3D seismic survey. In July 2012, Total SA announced that it has acquired an additional 6% interest in the Ichthys liquefied natural gas (LNG) project from its partner INPEX. In July 2012, Shlumberger Limited, Chevron Corporation and Total announced Total is joining the collaboration to further develop the INTERSECTdagger next-generation reservoir simulator. In July 2012, Marathon Oil Corporation announced that its subsidiary Marathon Oil KDV B.V. has closed farmout agreements with subsidiaries of Total S.A. under which Total has acquired 35% working (43.75% paying) interests in the Harir and Safen blocks in the Kurdistan Region of Iraq. In July 2012, Total SA has bought a 35% stake in two exploration blocks in the Kurdistan region of Iraq, risking the wrath of the Iraqi government which has tried to bar companies from dealing directly with the sem--autonomous region. Both fields in the Marathon Oil deal are located south of Iraq’s border with Turkey. In September 2012, Total SA announced the signature of an agreement with PTTEP for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore Block M-11 in Martaban basin. In October 2012, Total SA announced the signature of agreements with Oil Search Limited for the acquisition of a 40% interest in offshore licences PPL 234 and PPL 244, a 50% interest in offshore licence PRL 10 and the option to acquire a 35% interest in onshore licences PPL 338 and PPL 339. In December 2012, Oil Search announced that it has completed the sale of its 40% interest in Block 3 (Gardan) in Yemen to Total S.A. of France. In March 2013, Total SA announced that it has finalized an agreement to sell a 25% interest in the Tempa Rossa field, located in the Basilicata region of southern Italy, to Mitsui E&P Italia A S.r.l. Competition The company’s major competitors include ExxonMobil, Royal Dutch Shell, Chevron, and BP. History TOTAL S.A. was founded in 1924.