Perstorp Group, as part of its expansion strategy, has launched a new production line for HDI derivatives at its production facility in Singapore. The company plans to begin HDI derivatives production in 2012.
Perstorp has already launched a production facility in Singapore for PIA. Singapore is strategically located and is marked as a major petrochemical center in the world. The company plans to include a new 2-EHA capacity expansion in the Singapore facility with an annual capacity of 40,000 metric tons. The 2-EHA production is expected to be operational in 2013.
Martin Lundin, President and Chief Executive Officer of Perstorp, stated that the company plans to expand specialty products production in the Asian region in order to reinforce its market leadership. The HDI derivative capacity expansion with an annual production capacity of 12,000 metric tons is part of the company’s HDI & Derivative strategy declared in 2010, he added.
The Vice President of HDI & derivatives at Perstorp Group, Eric Aubay stated that the HDI & derivates market experiences an average yearly growth of 6% and the establishment in Asia would fulfill the company’s industrial presence for HDI & derivatives. He added that the company has presence in the United States, France and now Singapore.
Source: http://www.perstorp.com