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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Altana abandons purchase of isocyanurate assets in China

7:22 AM MST | December 14, 2012 | —Deepti Ramesh

ForstbacH: The firm will continue to be a supplier. Altana (Wesel, Germany) says its Elantas electrical insulation division and Changzhou Lantian Ruiqi Chemical (Changzhou, China) have decided not to go ahead with the previously announced acquisition, by Elantas, of Changzhou Lantian Ruiqi’s tris(2-hydroxyethyl) isocyanurate business. Plans for the acquisition were announced last June. Elantas intended to take over the business’s production facilities at Changzhou, its technology, and its employees; and to expand the capacity of the plant...

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