Perstorp, PTT joint venture polyurethanes

Perstorp, PTT joint venture for polyurethanes

7:41 AM, 2nd June 2012
Perstorp, PTT joint venture for polyurethanes
Martin Lundin, President and CEO, Perstorp.

PERSTORP, SWEDEN/BANGKOK, THAILAND: Perstorp has set up a joint venture with PTT Global Chemical for the manufacturing and sales of products for the polyurethane industry. PTT Global Chemical holds 51 per cent and Perstorp 49 per cent of the new joint venture, named Vencorex Holding. The agreement was signed on 31 May 2012. The partnership emphasizes to invest further in cutting-edge research and development, as well as improving operational efficiency to strengthen competitiveness and increase its market offering in Asia.

The joint venture, dedicated to the manufacturing and sales of aromatic and aliphatic isocyanates, includes the former Perstorp Business Group ‘Coating Additives’ with its manufacturing sites at Pont-de-Claix in France and Freeport in the US. At locations where Vencorex does not have its own sales staff, Perstorp’s existing sales organization will continue to sell and market Vencorex products and solutions to its customers, through a joint decision.

“Vencorex with its unique range of products to the polyurethane industry, has an exciting future and the strength the two joint venture partners bring to the table will help propel Vencorex to an even better position, ultimately bringing better solutions for our joint customers around the world,” said Martin Lundin, President and CEO, Perstorp.

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