Perstorp to expand TMP capacity due to demand growth in Europe
Perstorp, the world leader in the production of trimethylolpropane (TMP) based in Malmö, Sweden, has ramped up the capacity to meet growing demand from the European market.
Trimethylolpropane is used to enhance the properties of numerous materials. Common applications include the use in saturated polyesters for coil coatings, polyurethanes for coatings and elastomers, acrylic acid esters for radiation curing, esters for synthetic lubricants, and for the surface treatment of pigments.
“The capacity expansion is fully in line with Perstorp’s ambition to further strengthen our position in the polyols market. TMP is a key product in our polyol portfolio, which is a core business within Perstorp. This product line has been instrumental in the development of Perstorp as an international company and we are happy to expand our position further to be able to serve a strong demand from the market,” said Filip Tauson, global VP, Polyols at Perstorp.
The expansion development takes place in Vercelli, Italy. Perstorp’s own trimethylolpropane production sites are located in China, Sweden, and the United States.
Perstorp has around 1,370 employees and manufacturing facilities in Europe, North America and Asia. The Perstorp Group is controlled by PAI Partners, a French private equity firm based in Paris, France.
Price increase for carboxylic acids and esters
In related news, effective January 1st, 2022, or as existing contracts allow, Perstorp Oxo AB will increase its selling prices for carboxylic acids and esters globally. All terms, conditions, and differentials will remain the same.
“This action is necessary due to supply and demand as well as increasing raw material prices,” Perstorp said in a statement.