LONDON (June 7)—Kraton Polymers, the thermoplastic elastomer producer being spun off by Shell Chemical Co., became a stand-alone business June 1, but management at both Kraton and Shell continue to negotiate a final sale to an as-yet undisclosed buyer. Operating legally as Kraton Polymers Holding B.V. in the Netherlands, Kraton Polymers recently acquired full control of a 60,000-metric-ton-per-year styrenic block copolymer plant in Wesseling, Germany, to complete the process of getting all the Kraton assets in-house, according to Roger Morgan, global manager for Kraton. Kraton Polymers now controls more than 340,000 tons of SBS-based TPE capacity at six plants in Brazil, France, Netherlands, Germany, the U.S. and Japan—the latter in a joint venture with Japan Synthetic Rubber Co.
Kraton courting unnamed buyer
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