Kraton's (KRA) Modern HSBC Plant In Taiwan To Steer Growth
Zacks Investment Research | May 09, 2017 09:29PM ET
Kraton Corporation (NYSE:KRA) announced the opening of a hydrogenated styrenic block copolymer (HSBC) plant in Mailiao, Taiwan. The plant has a production capacity of 30 kiloton. It is operated and owned by Kraton Formosa Polymers Company, a joint venture between Formosa Petrochemical Corp and Kraton. The plant will boost the company’s innovation-grade business, especially low molecular weight HSBC products.
The HSBC products and polymers are long lasting and have clarity in olefin-based compounds for automotive, film and medical applications. These polymers are also known for having low viscosity for thermally stable adhesives, coatings and sealants.
The new facility includes product and process laboratory equipped with capabilities for manufacturing low viscosity products. It has already started commercial production and employs roughly 100 people.
According to President and CEO, Kevin M. Fogarty, the plant will help Kraton to effectively serve the growing export and Asian markets through higher production capacity of varied grades of HSBC products. The plant also demonstrates Kraton’s commitment to steer organic growth in key markets through state-of-the-art innovation and infrastructure.
Kraton’s shares rallied 23.1% over the past three months, outperforming the Zacks categorized Zacks Investment Research
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