Kraton Corporation, a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products, announced the opening of a new hydrogenated styrenic block copolymer (HSBC) plant in Mailiao, Taiwan on Friday, May 12, 2017.
According to the announcement, the new HSBC plant has a production capacity of 30ktpa. The facility include a process and product laboratory with capabilities for manufacturing low viscosity products. The plant is currently in commercial production after a successful trial productions period. It is expected to support the company’s innovation-grade business in low molecular weight HSBC products.
Kevin M. Fogarty, Kraton’s President and CEO, commented:
“The Mailiao plant will enable Kraton to serve the growing Asian and export markets more effectively than ever before through higher production capacity of our differentiated grades of HSBC.
The plant is a demonstration of our continued commitment to innovation through investments in state-of-the-art infrastructure and organic growth in key markets.”
The Mailiao plant is owned and operated by Kraton Formosa Polymers Company, a joint venture between Kraton and Formosa Petrochemical Corp.
HSBC polymers impart performance characteristics such as toughness and clarity in olefin-based compounds targeted for automotive, medical and film applications as well as low viscosity for thermally stable adhesives, sealants, and coatings.
In 1Q2017 Kraton reported 29.6% decrease of Adjusted EBITDA amid 9.1% revenue growth.
Earlier Kraton Corporation introduced a new biobased tackifier for premium packaging hot melt adhesives.
About Kraton Corporation:
The company is a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products. The company’s polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving, roofing and footwear products. As the largest global provider in the pine chemicals industry, the company’s pine -based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of chemical intermediates into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, flavors and fragrances and mining.