Huntsman takes a stake in Chemplex

Journal Article · Wed Mar 03 04:00:00 EST 1993 · Chemical Week; (United States)

OSTI ID:6937226

Wood, A

Huntsman Chemical (Salt Lake City) has bought a 50% stake in Australian styrenics maker Chemplex (Melbourne) from Consolidated Press Holdings (Sydney). Huntsman stepped in after a previous acquisition plan by South Africa's Sentrachem (Johannesburg) broke down because of a failure to agree on price. Chemplex has two production locations near Melbourne: West Footscray, with capacity for 100,000 m.t./year of styrene, plus polystyrene, phenol, and acetone; and Dandenong, with production of acrylonitrile butadiene styrene and latex. The company was originally Monsanto Australia, before being acquired by Consolidated Press in 1988. The deal will give Huntsman its first major production position in the Asia/Pacific region, apart from a 50% stake in a 25,000-m.t./year polystyrene plant in Taiwan, with Grand Pacific Petrochemical (Taipei) as a partner. In 1991, Huntsman abandoned plans to invest in a 25,000-m.t./year polystyrene plant in Thailand with Mitsubishi Corp. and Toa (Bangkok). Huntsman Chemical has annual revenues of $1.3 billion.

• OSTI ID: 6937226
• Journal Information: Chemical Week; (United States), Journal Name: Chemical Week; (United States) Vol. 152:8; ISSN CHWKA9; ISSN 0009-272X
• Country of Publication: United States
• Language: English

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