04-01-2011 06:34 PM CET - Industry, Real Estate & Construction
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Perstorp extends capacity and strengthens Asian presence

Press release from: Perstorp
PR Agency: EMG
Leading specialty chemicals company Perstorp extends capacity for HDI derivatives by establishing production at the Group’s manufacturing unit in Singapore, a decision fully in line with the previously announced strategy for this product group. Production of HDI derivatives is planned to start in 2012.

“We want to strengthen our position on the Asian market, with production of specialty products in the region. It allows us to fully utilize the potential that our site in Singapore and its geographical location have to offer,” says President and CEO Martin Lundin. “This decision is fully in line with the HDI & Derivative strategy announced last year with the need to extend HDI derivative capacity and establish ourselves with production of 12,000 MT/year in Asia.”

Perstorp is already established in Singapore with a production facility for manufacturing PIA. Singapore is logistically well located and is now home to one of the top ten petrochemical hubs in the world.

“Yearly average market growth for HDI & derivatives is around 6%. In a fast growing market, a presence in Asia will complete our industrial footprint for HDI and derivatives: Pont-de-Claix in France, Freeport in the US and now Singapore”, says Eric Aubay, Vice President, HDI & Derivatives.

Perstorp will also establish new capacity for 2-EHA in the Singapore unit with an expansion of 40,000 MT/year. This production is planned to start in 2013.

Chemistry makes the world go round

The Perstorp Group is the world leader in several sectors of the specialty chemicals market for a wide variety of industries and applications. Our products are used in the aerospace, marine, coatings, chemicals, plastics, engineering and construction industries. They can also be found in automotive, agricultural feed, food, packaging, textile, paper and electronics applications. Perstorp has approximately 2,200 employees and manufacturing units in eleven countries in Asia, Europe and North America. Sales amounts to SEK 14 billion (1.45 € billion). By the end of 2005 the Perstorp Group was acquired by Perstorp Holding AB, controlled by the French private equity company PAI partners.

Paulien Boumans
Account Manager
EMG
Lelyweg 6
4612 PS, Bergen op Zoom
The Netherlands
pboumans@emg-pr.com
Phone: +31 164 317 015

This release was published on openPR.
News-ID: 169069
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