IHS Chemical Week

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

Kraton rethinks merger with LCY Chemical’s SBC business

3:13 PM MDT | July 7, 2014 | —Deepti Ramesh

Kraton Performance Polymers notified LCY Chemical (Taipei) on 30 June that Kraton’s board of directors intends to withdraw its recommendation that Kraton stockholders approve the previously announced merger with LCY’s styrenic block copolymer (SBC) operations. The Kraton board cites declines in the operating results of LCY’s SBC business in the first quarter of 2014 and in its results outlook together with a related decline in Kraton’s stock price and negative reactions from stockholders following Kraton’s announcement on 24 June...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 




Comments (1) for Kraton rethinks merger with LCY Chemical’s SBC business
1.
Dear Deepti,

thanks for your interesting research.

I can t see Kratons`s motivation:
LCY is not integrated and have no strategic access to BD.
Their postion in HSBC is weak.
Their company culture is commodity orientated.

On the other hand Kraton has a running JV with Formosa and thus will have it`s base for HSBC in Asia including access to BD.
Is it really so attractive to compete in China against stateowned Sinopec for infrastructure projects?

I think Kraton`s objective must be to be the leader in HSBC but
not to be among the big SBC mass producer.

Sincerely yours

Justyne
Posted by justyne Erman on Thursday, July 17, 2014 @ 02:30 PM










 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa