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Perstorp and PTT Global Chemical Establish Isocyanates JV

12:13 AM MDT | June 1, 2012 | Deepti Ramesh

PTT Global Chemical (Bangkok) and Perstorp say that PTT Global Chemical has completed the previously announced acquisition of a 51% stake in Perstorp’s isocynates business, for €114.8 million ($142 million). The companies have established a joint venture called Vencorex Holding, and PTT Global Chemical holds 51% and Perstorp holds the remaining 49% of the isocynates jv. The jv will produce toluene diisocyanate (TDI), isophorone diisocyanate (IPDI), hexamethylene diisocyanate (HDI), and derivatives. The jv includes the former coating additives business...

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