Perstorp is a specialty chemicals company. Perstorp is controlled by PAI partners, one of Europe's leading private equity companies. Its products are used in the aerospace, marine, coatings, chemicals, plastics, engineering and construction industries. They can also be found in automotive, agricultural feed, food, packaging, textile, paper and electronics applications.
Perstorp had annual sales of SEK12bn in 2008, and currently employs around 2,700 people. It has manufacturing operations in eight countries in Europe, North and South America and Asia.
History
Perstorp was formed in 2001 with the merger of Perstorp and the former Neste Oxo.
Company movements
In January 2008, Solvay confirmed the sale of its caprolactone business to Perstorp, following approval by the European Commission (EC). The transaction was first announced in October 2007.
The group is divided into two business sectors: speciality chemicals and materials technology.
Specialty chemicals
The speciality chemicals division consists of four business areas: Perstorp coating intermediates; Perstorp Oxo intermediates; Perstorp performance chemicals; and Perstorp Formox.
The first three business units have joint processes for sales and for research, technology and development.
Perstorp coating intermediates
Perstorp coating intermediates is a manufacturer of several types of polyols, polyol acids and other intermediates, primarily for the coating industry. In addition to paint and varnish systems, the products are used in liquid adhesives, plastic additives and lubricants and as building blocks in several other chemical products.
Perstorp oxo intermediates
The Perstorp oxo intermediates division manufactures chemical intermediate products that are refined in the coating, varnish and plastic processing industries. They consist primarily of monomers for paint resins and solvents, plasticisers for vinyl and safety glass, and agricultural chemicals such as propionic acid, which is used in livestock feed, among other applications.
Perstorp performance chemicals
The Perstorp performance chemicals division offers performance chemicals in different markets, ranging from specific products manufactured by the business area to products arising from the production operations of other Perstorp business areas.
The product group includes sodium formate, for which Perstorp claims it is the world's leading manufacturer.
Perstorp Formox
The Perstorp Formox division has expertise in formaldehyde and catalyst technologies and a formalin production process. The business area designs and sells complete plants for the production of formaldehyde. Other important products are catalysts for formaldehyde production and the newly developed environmental catalysts for the treatment of industrial emissions of solvents.
Materials technology
Materials technology consists of the engineering materials business unit. Its operations include fibre-reinforced composite materials that are used in advanced applications within the automotive and aerospace industries, as well as urea and melamine-based plastics that satisfy demands for durability and heat resistance in, for example, electrical and interior-design components.
Other operations
The group includes a number of service companies that operate primarily in the areas of industrial service and maintenance, property services, energy production, administration and IT.
Perstorp
Strategy & Financial Highlights
Perstorp's viewpoint is that it is in an “interesting position” as it approaches the future. The company will focus on growth, both organic and acquired. Internationally competitive production and a distinct responsibility for its core products will be the cornerstones of its action programmes and plans that will generate value growth for Perstorp in the coming years. (Edited from annual report and company website). ICIS also provides you with key financial data listed in table form.
More about Perstorp Strategy & Financial Highlights
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