11 March 2002 15:49 [Source: ICIS news]
HOUSTON (CNI)--Albemarle and Atofina Chemicals said Monday their joint venture to produce and sell organotin intermediates will begin operations 1 April under the name Stannica.
Stannica will market tetrabutyl tin and tetraoctyl tin from production facilities near Mobile, Alabama and will establish inventory in Europe in the near term, the companies said.
It will provide an integrated supply chain "that will produce a long-term, sustainable advantage for butyltin- and octyltin-based heat stabilisers resulting in market growth," Albemarle and Atofina said. The product line will include certain tin intermediates and tin tetrachloride for heat stabiliser applications.
Said Stannica general manager Aaron Dunaway: "We believe the name Stannica will have global recognition and we are excited about the opportunities available in the marketplace for our products. We will focus on growth in butyltin- and octyltin-based products, based on each partner's established positions."
Albemarle said the market for organotin intermediates is about 9074 tonne/year.
The companies announced plans in October to form a global joint venture for the production and sale of organotin intermediates.
Atofina Chemicals produces high-performance chemicals and polymers and is headquartered in Philadelphia, Pennsylvania.
Albemarle, based in Richmond, Virginia, is a leading producer of specialty chemicals for consumer electronics, pharmaceuticals, agricultural, automotive and industrial products and construction and packaging materials.
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