For Perstorp, this is an important part of an ambitious plan to strengthen the position in the Asian market and to add a platform for investment in order to long term expand the Penta business.
“Penta is a core business area within Perstorp and these products have been instrumental in the development of Perstorp as an international company. It demonstrates our commitment and ability to add high quality businesses to an already strong portfolio,” Jan Secher, Perstorp president and CEO, said.
“This action empowers Perstorp’s ambitious investment plan to increase Penta and Di-Penta capacity supporting our customers’ long-term growth,” added Ulrika Andersson, VP Business Unit Penta.
Penta is used to enhance the properties in applications such as alkyd resins, PVC stabilizers, synthetic lubricants and varnishes. Perstorp is now producing Penta in three different production plants in Germany, the U.S. and Sweden.