Sector News

Categories

Borderless Insights

Image
The Skills-Forward Revolution:   Stretching the Boundaries of Professional Flexibility
Image
Sustainability: Business Leaders Must Secure the Long-Term Strategy Despite Short-Term Pressures
Image
Negotiating Terms with a New Employer

Perstorp acquires Koei’s Penta business

July 2, 2015
Energy & Chemical Value Chain
Perstorp, a world leader in specialty chemicals, today announces the acquisition of the Penta, Di-Penta and sodium formate businesses, related technology and certain assets from Koei Chemical Company Ltd., a Japanese chemicals producer. As part of the business transfer, Koei Chemical Company Ltd. will act as Perstorp’s agent in Japan, which will secure continuous high service and reliable partnership with our highly valued customers in the Japanese market.
 
The transaction is fully in line with both companies’ strategies going forward. For Perstorp, this is an important part of an ambitious plan to strengthen the position in the Asian Market and to add a platform for investment in order to long term expand the Penta business.
 
“Penta is a core business area within Perstorp and these products have been instrumental in the development of Perstorp as an international company. The acquisition is line with with Perstorp’s strategy to drive growth and in particular in the Asia Pacific region. It demonstrates our commitment and ability to add high quality businesses to an already strong portfolio.” Perstorp President and CEO Jan Secher says.
 
“This action empowers Perstorp’s ambitious investment plan to increase Penta and Di-Penta capacity supporting our customers’ long-term growth. There has been significant planning to ensure sufficient capacity to supply both current and new customers. Perstorp has already successfully incorporated the TMP business from Koei in the past and we are very confident that this transaction will follow the same level of high customer satisfaction.”, says Ulrika Andersson, Vice President Business Unit Penta.
 
Penta is used to enhance the properties in applications such as alkyd resins, PVC stabilizers, synthetic lubricants and varnishes. Perstorp is now producing Penta in three different production plants in Germany, the US and Sweden. The initiative confirms Perstorp’s leadership in the Penta market.
 
Source: Perstorp

comments closed

Related News

October 6, 2024

Neste to partner with Tepsa on storage, logistics for liquefied waste plastics at Rotterdam

Energy & Chemical Value Chain

Neste Corp. will collaborate with Dutch terminals operator Tepsa for the storage and handling of liquefied waste plastics at Rotterdam, Netherlands, to enhance Neste’s chemical recycling logistics infrastructure in Europe. Neste said that following successful industrial-scale processing runs at its integrated crude oil refining and petrochemicals site at Porvoo, Finland.

Read more
October 6, 2024

Archroma appoints new CEO

Energy & Chemical Value Chain

Archroma, a global leader in specialty chemicals towards sustainable solutions, has announced that Rajiv Sharma has been appointed as the new Chief Executive Officer (CEO) with key responsibility for the Textile Effects business, effective October 1, 2024. Current Group CEO Mark Garrett will transition to the Archroma Board of Directors.

Read more
October 6, 2024

BASF turns to its core

Energy & Chemical Value Chain

The challenges facing the European chemical industry, particularly in Germany, have compelled the world’s largest chemical maker to rethink its scale and diversified approach. BASF has announced a strategic shift, splitting its portfolio into “core” and “standalone” businesses.

Read more
More news