Perstorp purchases China polyols business

08 January 2008 15:17  [Source: ICIS news]

LONDON (ICIS news)--Perstorp has bought China's second largest manufacturer of neopentyl glycol from China's Zibo Linzi Yongliu Chemical Industry Stock Co, which consolidates its position in the country's polyols market, the Swedish firm said on Tuesday.

 

Through its joint-venture company, Shandong Fufeng Perstorp Chemical Co Ltd, Perstorp signed the agreement to buy the Shangdong-based manufacturing business, which also includes a 20,000 tonne/year manufacturing plant in Zibo city, it added.

 

No financial details were released regarding the takeover, which was completed at the end of 2007.

  

“Perstorp has sold products in China for about 20 years, and it’s important for us to expand and further develop local production so we can provide our customers with top-quality service,” Perstorp CEO and president Bo Dankis said.

ICIS Copyright © Reed Business Information 2009

Author: Lucy Craymer
+44 20 8652 3214

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