Kraton Corporation, a producer of styrenic block copolymers, specialty polymers, and high-value performance products derived from pine wood pulping co-products, announces an expansion project for its HSBC Joint Venture manufacturing facility in Mailiao, Taiwan.
Increasing the Production Capacity by 30%
Kraton Corporation and
Formosa Petrochemical Corporation have approved an expansion project for their HSBC Joint Venture plant in Mailiao, Taiwan. This project will increase the capacity of the current facility by 30%.
With this expansion project, Kraton will be able to offer its full range of SEBS and SEPS products, both in crumbs and pellet form, using the latest state-of-the-art Kraton technology to customers in Asia from a regional production base.
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This exciting capacity expansion further demonstrates Kraton's commitment to maintaining our leading position in the global Styrenic Block Copolymers market. Broadening our Asia-manufactured HSBC portfolio helps support the growing customer base," said Dr. Holger Jung, CEO of Kraton Polymers.
The plant expansion is scheduled to begin in the 3rd quarter of 2024.
Source: Kraton