Kraton Forms Joint Venture to Construct HSBC Plant
“In response to growth in global demand for our differentiated grades of HSBCs, we have been evaluating alternatives for additional capacity that would employ Kraton’s latest state-of-the-art technology for producing HSBCs,” said Kevin M. Fogarty, president and CEO of Kraton. “This announcement is the result of a comprehensive one-year site selection process involving significant Kraton resources, during which we considered several possible investment alternatives.
“We are extremely pleased and honored to now announce this planned formation of a joint venture with FPCC, a global leader in the production of petrochemicals and plastics. FPCC’s significant project execution expertise and operational resources will help ensure timely completion of the construction phase of the project. We view this joint venture project as the first step in a long-term relationship with FPCC, which may provide for future capacity expansions.”
For more information, visit www.fpcc.com.tw/English/default.htm or www.kraton.com.