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PTT Global Chemical and Perstorp Form Isocyanates JV
8:10 AM MST | November 26, 2011 | â€”DEEPTI RAMESH
PTT Global Chemical (Bangkok) has reached an agreement to acquire a 51% stake in Perstorpâ€™s isocynates business for â‚¬114.8 million ($154 million). The business will become a joint venture between the two companies making toluene diisocyanate (TDI), isophorone diisocyanate (IPDI), hexamethylene diisocyanate (HDI), and derivatives. The planned jv includes the former coating additives business of Perstorp. It will have manufacturing sites at Pont-de-Claix, France; and Freeport, TX. The deal marks PTT Globalâ€™s entry into the isocyanates business. The planned jv...
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