29 August 2014
Details
PTTGC International (Netherlands) B.V.
has purchased a 34 % of the registerd capital in
Vencorex Holding from
As a result PTTGC's group increases its stake in
Vencorex from 51 % to 85 %
Benefit to PTTGC
1. Able to manage and set strategic direction of Vencorex,
in order to make Vencorex as a platform for
Polyurethane business (PU) based on
PTTGC' strategy according to plan.
2. Support Vencorex in France as
a center for research and development of isocyanate
3. Increase opportunity of expanding production for
* Toluene diisocyanates (TDI),
* Hexamethylene diisocyanate (HDI) and
* HDI derivatives in Asia, In order to accomplish
the needs of a growing market in the future.
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