Industry News

Vencorex Presents Long Term Strategic Ambition to Reinforce Aliphatic Isocyanates Business

Published on 2014-03-05. Author : SpecialChem

Vencorex presents its long term strategic ambition. This strategy is based on focusing its activities toward specialty isocyanates. (HDI, IPDI, derivatives and new products).

Vencorex objective is to strengthen its worldwide position in Aliphatic Isocyanates business. (HDI, IPDI, Tolonate™ & Easaqua™ grades and new products).

To achieve this long term ambition, Vencorex plans to enhance its footprint on production capabilities, commercial activities and R&D innovation towards the following configuration.

Tolonate™ production facilities in 3 main continents ready to serve global market. Vencorex already has these at Pont De Claix, France and Freeport, TX USA, with an additional facility being implemented in Thailand, starting in 2015.

  • Pont De Claix will continue to be the production hub of HDI and IPDI monomers with significantly larger capacity and expansion in new products.
  • The global Sales & Marketing organization will be strengthened to capture growth opportunities and better serve international customers.
  • R&D capabilities in France to be further developed to support this strategy through the innovation of new products and applications.
  • With all these initiatives, Vencorex will therefore implement several industrial projects with the objective to sustain its position as among the leading global partners for specialty isocyanates in the coming years.

    Vencorex strategic ambition is supported by both shareholders: PTTGC and Perstorp.

    About Vencorex

    Vencorex is a JV between PTT Global Chemical, one of the Thailand's largest and among the Asia's leading integrated petrochemical and refining companies, and the Perstorp Group, one among the world leaders in several sectors of the specialty chemicals market. Vencorex is the owner of technology and a major manufacturer of isocyanates, particularly toluene diisocyanate (TDI), hexamethylene diisocyanate (HDI, IPDI) and its derivatives.

    Source: Vencorex

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