Adhesives & Sealants Headlines / News / Raw Materials and Chemicals

Kraton to Expand HSBC Capacity in Asia

October 16, 2012
KEYWORDS copolymers
/ Print / Reprints /
ShareMore
/ Text Size+

Kraton Performance Polymers Inc. recently announced that it plans to expand hydrogenated styrenic block copolymer (HSBC) manufacturing capability in Asia on a stand-alone basis. Locations in the region, including those in China that were identified during the company’s site selection process conducted in 2010 and early 2011, will reportedly be the primary areas of focus.

Kraton did not extend the previously announced Framework Agreement between the company and Formosa Petrochemical Corp., which has expired. The expired agreement had governed the formation of a proposed 50/50 joint venture to build, own and operate a 30 kiloton HSBC plant at FPCC’s petrochemical site in Mailiao, Taiwan.  

“Given the importance of the HSBC expansion in Kraton’s future growth plans, we are pleased to announce we are moving forward with a stand-alone HSBC expansion project in the Asia Pacific region,” said Kevin M. Fogarty, president and CEO. “We believe a significant amount of the engineering and design work conducted to date will be applicable to the alternate location. Moreover, given our significant liquidity and the strength of our balance sheet, we are well-positioned to develop and fund the project on a stand-alone basis.”

For additional information, visit www.kraton.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI Sept 2014 cover

2014 September

Our September issue features articles focusing on high-tech applications and raw materials, as well as a preview of the ASC Fall Convention and Expo. Check it out today!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px