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Two formaldehyde plants to Ticona - A record year for Perstorp Formox

Published on 2007-12-10. Author : SpecialChem

Perstorp Formox, the world leader in formaldehyde technology, has for the second year in a row sold formalin plants with a capacity totaling over one million tones per annum. The latest in this record year are two plants to the German polymer producer Ticona. Within Perstorp, the Swedish-based chemical corporation, Perstorp Formox is a business that focuses on designing, developing and supplying complete plants as well as the catalysts that are used in the process. The deal is seen as a confirmation of the good organic growth within the Perstorp Group.

Ticona, which belongs to the Celanese Corporation, already has two formalin plants based on the technology developed by Perstorp Formox. The reason why Ticona is now purchasing two more plants is that their production facilities in Kelsterbach must be moved to allow for the expansion of the Frankfurt airport. Their existing formalin production will be replaced by the two new plants.

One of the reasons for choosing Perstorp Formox as a collaboration partner and supplier for the new plants is the high safety and environmental demands. Moreover, previous collaboration between Ticona and Perstorp Formox has worked very well.

"Building up a chemical industry in the densely populated Frankfurt region places very high demands on safety," notes Mikael Ekblad, General Manager of Perstorp Formox. "That's why we are especially pleased that Ticona selected us to be their supplier for the new plants. It confirms that we have what it takes to meet the demands of large, safety-conscious companies."

"We view this order as highly significant in terms of reinforcing our strong position in the market for formaldehyde plants and technology," adds Bo Dankis, President and CEO of the Perstorp Group. "We are also pleased to note, following a number of recent acquisitions, that we are also growing organically within our existing businesses as well."

Facts about Perstorp Formox and formaldehyde

Perstorp Formox is world-leading in plants as well as catalysts for formaldehyde production, based on the efficient process Perstorp Formox has developed. Nearly half of the world's total new formaldehyde capacity during the past 10 years comes from plants supplied by Perstorp Formox. Formalin (the aqueous solution of formaldehyde) is used primarily as a chemical building block in the chemical and resin industries.

About Perstorp AB

The Perstorp Group is the world leader in several sectors of the specialty chemicals market for a wide variety of industries and applications. Our 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 has approximately 1,900 employees and manufacturing units in eleven countries in Asia, Europe, North and South America. Sales for the past twelve months amounted to about SEK 8 billion. By the end of 2005 the Perstorp Groups was acquired by Perstorp Holding AB, controlled by the French private equity company PAI partners.

Source: Perstorp

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