Monday, July 18, 2011

Kraton Performance Polymers and Formosa in joint venture for HSBC manufacturing

Kraton Performance Polymers, Inc. has announced the execution of a framework agreement with Formosa Petrochemical Corp. (FPCC), which sets forth the major terms and conditions which will, upon complettion of the necessary definitive agreements, govern the formation of a 50/50 joint venture between the two companies to construct and operate a 30 kiloton hydrogenated styrenic block copolymer ("HSBC") plant to be located in Mailiao, Taiwan.

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