Latest news with #Kraton
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Cariflex Opens World's Largest Polyisoprene Latex Plant in Singapore, Following Over US$350 Million Investment
New facility increases Cariflex's global manufacturing capacity, with future expansion already enabled to meet growing market demand in the foreseeable future SINGAPORE , May 14, 2025 /CNW/ -- Cariflex Pte. Ltd. (Cariflex), the global market leader in polyisoprene rubber latex for medical-end markets and wholly owned subsidiary of DL Chemical Co., Ltd. (DL Chemical), officially inaugurated its new polyisoprene latex plant at Jurong Island, Singapore today. With an investment of US$355 million , the plant is the largest of its kind globally and will significantly expand Cariflex's production capacity to meet growing demand for high-quality synthetic latex used in medical and protective applications. The inauguration ceremony was officiated by Dr Tan See Leng , Singapore's Minister for Manpower and Second Minister for Trade and Industry, and attended by H.E. Hong Jin Wook, Ambassador of the Republic of Korea, Mr Kim Jong Hyun , Chief Executive Officer of DL Chemical, Mr Ryu Sang Woo , Chief Executive Officer of Cariflex, Mr Prakash Kolluri , Member of Cariflex Board of Director and President, Polymer Business, Kraton, and Mr Lim Wey-Len , Executive Vice President of the Singapore Economic Development Board (EDB), Ms Christine Wong , Assistant Chief Executive Officer Cluster Group, JTC and among other distinguished guests. Strengthening Cariflex's Manufacturing Network Supported by EDB and JTC, the Singapore facility plays a key role in Cariflex's ability to serve Southeast Asia , home to critical manufacturing sites for surgical gloves and condoms. Spanning 6.1 hectares, this plant supports growing demand in these markets as well as others such as non-surgical medical gloves, adhesives, and laminates, further broadening the company's diversification. Over the past two decades, Cariflex has expanded its manufacturing capacity in Brazil and previously, Japan , including a US$50 million expansion of its Paulinia facility in 2021. Mr Ryu Sang Woo , Chief Executive Officer at Cariflex , said: "We have strategically located our new facility here in Singapore , at the doorstep of our key customers. Singapore's thriving financial, innovation, and logistics hubs, along with a highly skilled workforce and strong IP protection, made this the ideal choice for our investment. "This new facility will allow us to expand production, while providing our customers with a diverse and reliable supply of high-quality materials, reinforcing our leadership in the global polyisoprene latex market," he added. Construction of the plant began in 2022, with operations commencing in November 2024 . The plant is designed for modular expansion to accommodate future demand growth. When fully ramped up, it will double Cariflex's 2023 manufacturing capacity for polyisoprene latex. Investing in Talent and Long-Term Careers The opening of this plant also aligns Singapore's broader push to grow high-value, innovation-driven industries that offer meaningful and inclusive job opportunities for locals. The facility has created approximately 80 new permanent roles, the majority filled by Singaporeans. Cariflex has invested in developing its talent through training programs at its Brazil operations and at DL Chemical's sites in Korea, with a focus on operations, safety, quality, and digital systems. These efforts support Cariflex's long-term commitment to fostering career growth, including for non-graduates through mentorship programs. Positioned to Meet Regional Demand In 2020, Cariflex relocated its global headquarters to Singapore to strengthen integration between its commercial and manufacturing operations. Cariflex is the only company globally that manufactures anionic catalyst-based synthetic rubber and latex, known for its superior purity, transparency and softness.
Fibre2Fashion
12-05-2025
- Business
- Fibre2Fashion
Kraton to exit Ohio site, discontinue Dimer & Polyamides business
Kraton Corporation, a leading global producer of specialty polymers and high-value biobased products derived from pine chemicals, announced a strategic realignment of its operations to sharpen its focus on core capabilities and accelerate long-term growth. As part of this initiative, the company will exit its Dover, Ohio manufacturing site and transition away from the Dimer and Polyamides business lines. Kraton Corporation is exiting its Dover, Ohio site and discontinuing its Dimer and Polyamides business lines to focus on core Pine Chemical operations. The move supports long-term growth, with no impact on Crude Tall Oil refinery rates. Kraton remains committed to employee well-being, customer support, and operational excellence across its global footprint. "Our strategy is clear: focus where we have the greatest impact and drive the most value," said Minco van Breevoort, President, Kraton Pine Chemicals. "By streamlining operations, we can direct investments toward core Pine Chemical assets and innovation. Our Crude Tall Oil refinery rates will not be impacted by this decision. We will have greater ability to support our customers with Tall Oil Fatty Acid supply." We recognize the impact of this decision and are committed to a safe, respectful, and supportive transition. The health, safety, and well-being of our employees and the Dover community remain our top priorities. We thank the Dover team for their long-standing commitment to safety and operational excellence. With operations across multiple continents and a diverse portfolio of solutions, Kraton will continue to leverage the strength and flexibility of its global footprint to adapt quickly to market shifts and customer needs. Kraton remains committed to operational excellence, world-class service, and meaningful outcomes for its stakeholders. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Fibre2Fashion
23-04-2025
- Automotive
- Fibre2Fashion
US based Kraton launches new circular paving series with C5000
Kraton Corporation, a leading global producer of specialty polymers and pine chemicals, proudly celebrates the fifth anniversary of its CirKular+ product line with the launch of the new CirKular+ Paving Circularity Series. Engineered to meet evolving paving industry needs to increase the usage of reclaimed asphalt and reduce Greenhouse gas (GHG) emissions, the CirKular+ Paving Circularity Series enables incorporation of up to 50% or more reclaimed asphalt content in the asphalt mix in surface layers, while improving processability and performance. Kraton marks five years of its CirKular+ line with the launch of the CirKular+ Paving Circularity Series. Designed to boost reclaimed asphalt use and cut GHG emissions, the C5000 series enhances durability and supports circularity goals, aligning with EU climate targets. It reflects Kraton's continued push for sustainable, high-performance paving solutions. As the first to invent and pioneer commercially viable styrenic block copolymers, Kraton has been a leading solution provider for polymer modified asphalt used in paving, known for enhancing durability and high performance. As industry needs and the regulatory landscape continue to evolve, Kraton remains at the forefront, delivering sustainable, innovative solutions to accelerate the transition to a circular economy. "Launching the Paving Circularity Series is a testament to our commitment to sustainability and innovation," said Pedro Lopes, Kraton Global VP of Strategic Marketing, Product Management, and Supply Chain. "In Europe, the paving industry is actively working to increase circularity and reduce GHG emissions in alignment with the European Green Deal and the EU's 2050 climate neutrality goals. The new series helps unlock value-added circularity by enabling polymer-modified bitumen (PMB) producers and contractors to increase the reuse of reclaimed asphalt, thereby reintegrating it back into the road surface layer." Designed for the paving industry, Kraton's Paving Circularity Series C5000 enhances the durability of the modified asphalt while preserving resistance against permanent deformation and further reducing the carbon footprint of paving over its life cycle. C5000 is compatible with Warm Mix Asphalt technologies and meets asphalt surface material specifications. The further expansion of the CirKular+ product line underscores Kraton's long-term vision to create innovative solutions for a sustainable tomorrow. Launched in 2020, the CirKular+ product line enables high-performance, innovative solutions for the circular economy and plastics upcycling using a holistic approach to product lifecycle. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Yahoo
27-03-2025
- Business
- Yahoo
KRATON RECEIVES ISCC PLUS CERTIFICATION FOR ITS NIORT MANUFACTURING FACILITY
THE WOODLANDS, Texas, March 27, 2025 /PRNewswire/ -- Kraton Corporation, a leading global producer of specialty polymers and high-value biobased products derived from by-products of pine wood pulping, is pleased to announce its manufacturing facility in Niort, France, has received an International Sustainability and Carbon Certification (ISCC) PLUS certification. The certification enables Kraton to offer 100% ISCC PLUS certified AMS and AMS Phenolics resins through a mass balance attribution method. "Our SYLVARES™ and SYLVATRAXX™ brands feature a range of high-performance AMS and AMS Phenolics resins used in specialty adhesives and tire applications", said Lana Culbert, Kraton Pine Chemicals VP of Marketing. "Our ISCC PLUS journey began in 2021 with the certification of our Sandarne, Sweden facility. Earning this certification for our Niort plant marks a significant milestone, further expanding our portfolio of sustainable solutions." The certification of the Niort facility reinforces Kraton's commitment to advancing the biobased and circular economy. By enabling customers to integrate more sustainable materials into their supply chains, Kraton remains at the forefront of sustainable innovations, dedicated to reducing carbon emissions and driving the transition toward a more sustainable future. The International Sustainability and Carbon Certification (ISCC) is an independent, multi-stakeholder initiative and a leading certification system that ensures proper mass-balancing bookkeeping and reporting of recycled and renewable-based materials across the supply chain. For more information about Kraton, please visit About Kraton CorporationKraton Corporation is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants, and lubricants, and medical, packaging, automotive, paving and roofing products. As the largest global provider in the pine chemicals industry, the company's pine-based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide. *Kraton, the Kraton logo and design are all trademarks of Kraton Corporation, or its subsidiaries or affiliates, in one or more, but not all countries. Media Contact: Mariam Stevens: (346) 435-8042 View original content to download multimedia: SOURCE Kraton Corporation
Associated Press
10-02-2025
- Business
- Associated Press
Kraton Receives Third ISCC PLUS Certification for Renewable Polymers
The Mailiao Plant Becomes The Latest Kraton Manufacturing Facility To Produce The Cirkular+™ ReNew Series Enabling The Circular Economy THE WOODLANDS, Texas, Feb. 10, 2025 /PRNewswire/ -- Kraton Corporation and Formosa Petrochemical Corporation are pleased to announce the ISCC PLUS certification of their HSBC Joint Venture plant in Mailiao, Taiwan. As the inventor of styrenic block copolymers (SBC), Kraton remains committed to delivering innovation and sustainable solutions for customers worldwide. Kraton's Mailiao certification expands its portfolio of certified SBC manufacturing sites beyond Europe and North America into Asia. The Taiwan facility can now produce up to 100% ISCC PLUS-certified renewable SBC under the CirKular+™ ReNew Series, using the mass balance approach with ISCC PLUS- certified butadiene, styrene, and isoprene. This achievement strengthens Kraton's global presence, providing customers with unparalleled access to locally sourced, sustainable solutions across three key continents. 'The certification of the Mailiao facility underscores Kraton's dedication to advancing the circular economy and providing customers with sustainable, innovative solutions as the global industry leader,' shared Pedro Lopes, Kraton Global VP of Strategic Marketing, Product Management, and Supply Chain. 'Our well-established global monomer supplier network enables us to offer multiple solutions with up to 100% ISCC PLUS-certified content, tailored to customer needs for bio-circular, circular and bio-based waste. Kraton is committed to supporting the transition to renewable materials, reducing carbon emissions, and enabling a more sustainable future.' The CirKular+ ReNew Series offers ISCC PLUS-certified renewable polymers, further expanding Kraton's existing suite of CirKular+ solutions designed to advance the circular economy. The ReNew Series offers a drop-in solution that reduces the cradle-to-gate carbon footprint* (including biogenic carbon) compared to fossil-based products. In addition to its differentiated portfolio of sustainable solutions, Kraton has an advanced in-house life cycle assessment (LCA) program and product carbon footprint modeling capabilities to support specific customer needs. Launched in 2020, the CirKular+ Compatibilization Series and Performance Enhancement Series enable high-performance, innovative solutions for plastics upcycling and circular economy initiatives. CirKular+ helps customers transition to circular design with renewable and recycled feedstocks, improve product performance, and lower carbon footprint using a holistic approach to product lifecycle. The ISCC PLUS certification at Kraton's Mailiao facility marks another exciting milestone in the company's sustainability journey. Kraton remains at the forefront of sustainable polymer innovation, leveraging its expertise and state-of-the-art manufacturing capabilities to create solutions that advance the circular economy. * All relevant life cycle stages of the end-product must be considered to identify the overall life cycle impact along the value chain. Kraton Mailiao plant specific carbon footprint information is available upon request. About Kraton Corporation Kraton Corporation is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants, and lubricants, and medical, packaging, automotive, paving and roofing products. As the largest global provider in the pine chemicals industry, the company's pine-based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide. *Kraton, the Kraton logo and design are all trademarks of Kraton Corporation, or its subsidiaries or affiliates, in one or more, but not all countries.
