Chemical Week Magazine :: Newsbriefs
Hanwha Chemical buys majority of TDI producer
6:22 AM MDT | August 29, 2014
Hanwha Chemical (Seoul) is acquiring a 50.71% stake in KPX Fine Chemical (Yosu, South Korea) for 42 billion South Korean won ($41 million). The transaction is expected to close by 1 October. The remaining shares in KPX are listed on the stock exchange. KPX produces toluene diisocyanate (TDI) and hydrochloric acid at its Yosu manufacturing complex. Hanwha is a major supplier of chlorine to KPX. Huchems Fine Chemical, Koreaâ€™s only producer of dinitro toluene, supplies this raw material to KPX from its plant, also located at Yosu. KPX has capacity to produce...
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