PERSTORP, Sweden (June 1, 2012)—Perstorp has completed the formation of its joint venture with Thai chemical producer PTT Global Chemical that will make and sell chemicals for the polyurethane industry.
PTT Global Chemical holds 51 percent and Perstorp 49 percent of the new joint venture, named Vencorex Holding. The new company will produce and sell aromatic and aliphatic isocyanates, including toluene diisocyanate, isophorone diisocyanate, hexamethylene diisocyanate) and derivates.
The venture includes the former Perstorp business, Coating Additives, and its plants in Freeport, Texas, and Pont-de-Claix, France.