Kraton, Formosa JV build copolymer plant in Taiwan

Kraton, Formosa JV to build copolymer plant in Taiwan

4:59 AM, 30th March 2012
Kraton, Formosa JV to build copolymer plant in Taiwan
Kevin M Fogarty, President and CEO, Kraton Performance Polymers.

SHANGHAI, CHINA/HOUSTON, US: Kraton Performance Polymers, a leading global producer of styrenic block copolymers, is advancing its Asian expansion strategy to support the needs of customers. Kraton is fully engaged in the formation of a 50/50 joint venture with Formosa Petrochemicals to construct and operate a 30 kilotonne hydrogenated styrenic block copolymer (HSBC) plant in Mailiao, Taiwan. The plant will support global demand for Kraton’s differentiated HSBCs. It will also provide significant, additional supply capability, and will set a new global standard for efficiency and product quality for HSBCs. Plant operation is expected in the first half of 2014.

Kraton continues to offer a strong presence in the Asia Pacific region through its technology and investment in additional resources to support tremendous growth in the region. To further support Kraton’s customers and the expansions, the company recently opened a new innovation centre in Shanghai, China. The facility is three times larger than the previous facility and better accommodates its technical staff, which has doubled over the past eighteen months. “We are committed to our customers in China and the Asia Pacific region. Kraton will continue to expand its technology and service offerings as we work with our customers to meet their needs and help them grow,” said Kevin M Fogarty, President and CEO, Kraton Performance Polymers.

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