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.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 



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 © 2014 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