HOUSTON, May 9, 2017 /PRNewswire/ -- Kraton Corporation
(NYSE: KRA), a leading global producer of styrenic block
copolymers, specialty polymers and high-value performance products
derived from pine wood pulping co-products, announces the opening
of the 30 kiloton hydrogenated styrenic block copolymer (HSBC)
plant in Mailiao, Taiwan on
Friday, May 12.
The Mailiao plant will support Kraton's innovation-grade
business, particularly low molecular weight HSBC products. These
polymers impart performance characteristics such as toughness and
clarity in olefin-based compounds targeted for automotive, medical
and film applications as well as low viscosity for thermally stable
adhesives, sealants, and coatings.
The facility's key features include a process and product
laboratory with capabilities for manufacturing low viscosity
products. Approximately 100 people are employed at the plant, which
has already achieved more than 1.8 million work hours without a
recordable incident since construction began in early 2014. The
plant is currently in commercial production after a successful
trial productions period.
"The Mailiao plant will enable Kraton to serve the growing Asian
and export markets more effectively than ever before through higher
production capacity of our differentiated grades of HSBC," said
Kevin M. Fogarty, Kraton's President
and Chief Executive Officer. "The plant is a demonstration of our
continued commitment to innovation through investments in
state-of-the-art infrastructure and organic growth in key
markets."
The Mailiao plant is owned and operated by Kraton Formosa
Polymers Company, a joint venture between Kraton and Formosa
Petrochemical Corp.
About Kraton Corporation
Kraton
Corporation (NYSE "KRA") is a leading global producer of styrenic
block copolymers, specialty polymers and high-value performance
products derived from pine wood pulping co-products. Kraton's
polymers are used in a wide range of applications, including
adhesives, coatings, consumer and personal care products, sealants
and lubricants, and medical, packaging, automotive, paving, roofing
and footwear products. As the largest global provider in the pine
chemicals industry, the company's pine-based specialty products are
sold into adhesive, road and construction and tire markets, and it
produces and sells a broad range of chemical intermediates into
markets that include fuel additives, oilfield chemicals, coatings,
metalworking fluids and lubricants, inks, flavors and mining.
Kraton offers its products to a diverse customer base in over 70
countries worldwide. Kraton, the Kraton logo and design are all
trademarks of Kraton Corporation, or its subsidiaries or
affiliates.
Media Contact: Thao Pham;
T: (281) 770-1380
Investor Relations Contact: Gene
Shiels; T: (281) 504-4886
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SOURCE Kraton Corporation