A big Asian petrochemical deal is featured in this week’s Material Insights video.
Honam Petrochemical Corp. of Seoul, South Korea, initiated the deal by acquiring 72 percent of Titan Chemical Corp. of Malaysia for more than $900 million. Honam now is negotiating to buy the rest of Titan, which makes PE, PP and several plastic feedstocks. Honam makes PE, PP, PET and polycarbonate. Titan racked up sales of just over $1 billion in the first half of 2010.
In North America, composite materials maker Matrix Composites Inc. is moving to a larger, 157,000-square-foot...