做風(fēng)電葉片的注意了，環(huán)氧行業(yè)新動向

shanghai252

國內(nèi)風(fēng)電葉片用環(huán)氧的注意了，Hexion準(zhǔn)備花巨資收購Huntsman，據(jù)可靠消息Huntsman已經(jīng)接受了Hexion高達(dá)106億美元的收購報價。

估計風(fēng)電用環(huán)氧樹脂的價格還得往死里漲[s:6][s:7][s:3]

shanghai252

COLUMBUS, Ohio – (July 12, 2007) –Hexion Specialty Chemicals, Inc., an Apollo Management L.P. portfolio company, announced today the signing of a definitive agreement to acquire Huntsman Corporation (NYSE:HUN) in an all-cash transaction valued at approximately $10.6 billion, including the assumption of debt.



Under the terms of the agreement, Huntsman stockholders will receive $28.00 in cash for each outstanding Huntsman share of common stock.  The Huntsman Board of Directors, based on the recommendation of a Transaction Committee of independent, non-management directors, has unanimously approved the agreement and has recommended that Huntsman stockholders vote in favor of the agreement.  Huntsman has terminated its previous merger agreement with Basell AF.



“This transaction provides Hexion and Huntsman with a great opportunity to create a world-class company with leading-edge products and technologies, a greatly expanded global reach particularly in the high-growth Asia-Pacific region, and an outstanding team of people,” said Craig O. Morrison, Chairman and CEO of Hexion.  “Our combined company will be one of the world’s largest chemical companies and a leader in our ability to serve customers with an expanded portfolio of specialty materials and a significantly enhanced global presence.”



Joshua J. Harris, founding partner with Apollo Management L.P., said: “This acquisition will build Hexion into one of the world’s largest specialty chemical companies.  The combined enterprise will have annual sales of more than $14 billion and more than 21,000 associates and 180 facilities around the world.  We are pleased to welcome the Huntsman team and look forward to building on their many accomplishments in the industry.”



The agreement also provides that the cash price per share to be paid by Hexion will increase at the rate of 8% per annum (inclusive of any dividends paid) beginning 270 days from July 12, 2007. The transaction is subject to regulatory approvals and the affirmative vote of Huntsman’s shareholders, as well as other customary conditions.  Entities controlled by MatlinPatterson and the Huntsman family, which collectively own approximately 57% of Huntsman’s common stock, have agreed to vote in favor of the transaction, subject to certain conditions.  The transaction is fully financed pursuant to commitments from affiliates of Credit Suisse and Deutsche Bank.
O’Melveny & Myers LLP and Wachtell, Lipton, Rosen & Katz served as Hexion’s legal counsel.

Important Additional Information Regarding the Transaction will be Filed with the SEC:



In connection with the proposed merger with Hexion (the "Merger"), Huntsman will file a proxy statement with the Securities and Exchange Commission (the "SEC"). INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND THE PARTIES TO THE MERGER. Investors and security holders may obtain a free copy of the proxy statement (when available) and other relevant documents filed with the SEC from the SEC's website at http://www.sec.gov. Huntsman's security holders and other interested parties will also be able to obtain, without charge, a copy of the proxy statement and other relevant documents (when available) by directing a request by mail or telephone to Investor Relations, Huntsman Corporation, 10003 Woodloch Forest Drive, The Woodlands, Texas 77380, telephone (281) 719-6000, or from Huntsman's website, www.huntsman.com. A copy of this press release will also be available on Hexion's website, www.hexion.com.



Huntsman and its directors, executive officers and other members of its management and employees as well as Hexion may be deemed to be participants in the solicitation of proxies from Huntsman's shareholders with respect to the Merger. Information about Huntsman's directors and executive officers and their ownership of Huntsman's common stock is set forth in Huntsman's Form 10-K filed on March 1, 2007. Shareholders and investors may obtain additional information regarding the interests of Huntsman and its directors and executive officers in the Merger, which may be different than those of Huntsman's shareholders generally, by reading the proxy statement and other relevant documents regarding the Merger, which will be filed with the SEC.



Forward Looking Statements



Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, the management of Hexion Specialty Chemicals, Inc. (which may be referred to as “Hexion,” “we,” “us,” “our” or the “Company”) may from time to time make oral forward-looking statements. Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “project,” “plan,” “estimate,” “will” or “intend” or similar expressions. The statements included in this press release regarding any transaction with Huntsman, including the timing thereof, the likelihood that such transaction could be consummated, any future actions by Hexion or Huntsman, the effects of any transaction on Hexion or Huntsman’s operations or otherwise, and other statements that are not historical facts, are forward-looking statements. Forward-looking statements reflect our current views about future events and are based on currently available financial, economic and competitive data and on our current business plans. Actual results could vary materially depending on risks and uncertainties that may affect our markets, services, prices and other factors. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: market conditions, availability and terms of acquisition financing, satisfaction of closing conditions, actions by Hexion or Huntsman, economic factors such as an interruption in the supply of or increased pricing of raw materials due to natural disasters, competitive factors such as pricing actions by our competitors that could affect our operating margins, and regulatory factors such as changes in governmental regulations involving our products that lead to environmental and legal matters.



About Hexion Specialty Chemicals, Inc.



Based in Columbus, Ohio, Hexion Specialty Chemicals serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Hexion had 2006 revenues of $5.2 billion, operates 104 manufacturing facilities and employs more than 7,000 associates worldwide.  The company is owned by an affiliate of Apollo Management, L.P. Additional information is available at www.hexion.com.



About Huntsman Corporation



Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging.  Huntsman today has 14,000 employees and over 75 operations in 24 countries. The Company had 2006 revenues from all operations of over $13 billion.  Additional information is available at www.huntsman.com.



Hexion Contacts:
Investors:
John Kompa
Director, Investor Relations
Hexion Specialty Chemicals, Inc.
+1 (614) 225-2223
+1 (614) 284-3962 mobile
john.kompa@hexion.com



Media:
Peter F. Loscocco
Vice President, Public Affairs
Hexion Specialty Chemicals, Inc.
+1 (614) 225-4127
+1 (614) 226-4127 mobile
peter.loscocco@hexion.com



Sard Verbinnen & Co
Anna Cordasco / Jonathan Gasthalter
(212) 687-8080

shanghai252

12 Jul 2007
Huntsman Agrees to Be Acquired By Hexion for $28.00 Per Share
Terminates Merger Agreement With Basell

THE WOODLANDS, Texas and SALT LAKE CITY, July 12  - Huntsman Corporation today announced that it has terminated the merger agreement with Basell AF ("Basell") dated June 26, 2007 (the "Basell Agreement") and has agreed to a definitive merger agreement (the "Hexion Agreement") with Hexion Specialty Chemicals, Inc. ("Hexion"), an Apollo Management, L.P. ("Apollo") portfolio company, pursuant to which Hexion will acquire Huntsman in a transaction with a total value of approximately $10.6 billion, including the assumption of debt (the "Hexion Transaction").

Under the terms of the agreement, Hexion will acquire all of the outstanding common stock of Huntsman for $28.00 per share in cash. The agreement also provides that the cash price per share to be paid by Hexion will increase at the rate of 8% per annum (inclusive of any dividends paid) beginning 270 days from July 12, 2007.

The Hexion Transaction was deemed to be a superior proposal to the Basell Agreement and was unanimously approved by the Board of Directors of Huntsman. Huntsman's Board of Directors approved the agreement for the Hexion Transaction at the recommendation of a Transaction Committee comprised solely of Huntsman independent directors. Hexion's Board of Directors also has approved the agreement.

The transaction is subject to customary closing conditions, including regulatory approval in the U.S. and in Europe, as well as the approval of Huntsman shareholders. Entities controlled by MatlinPatterson and the Huntsman family and a Huntsman charitable trust, who collectively own approximately 57% of Huntsman's common stock, have agreed to vote in favor of the transaction. The transaction is not subject to a financing condition and commitments have been obtained by Hexion for all necessary debt financing from affiliates of Credit Suisse and Deutsche Bank AG. Hexion will have up to 12 months, subject to a 90 day extension by the Huntsman Board of Directors under certain circumstances, to close the transaction.

Huntsman's Board of Directors authorized the delivery of a notice of termination of the Basell Agreement, along with the payment of the $200 million break-up fee required by the Basell Agreement. Hexion funded $100 million of the Basell break-up fee while Huntsman funded the remaining $100 million.

Peter R. Huntsman, President and CEO of Huntsman, said: "This is a very favorable outcome for our shareholders and one that reflects a confidence in our Company of which our associates can be very proud. Hexion is an attractive candidate for a merger with Huntsman. We have complementary businesses and, together, will have an even stronger technology platform from which to serve our customers."

Jon M. Huntsman, Founder and Chairman of Huntsman, added: "I have invested much of my life in Huntsman Corporation and consider it the highest honor to be associated with such exceptional customers and associates. However, the time has come when it is in the best interests of our shareholders to sell the Company. I am pleased with the outcome of our merger negotiations with Apollo, and have every confidence that the combined Hexion and Huntsman teams will be superb stewards of this business for the next era."

Huntsman will file a Form 8-K with the U.S. Securities and Exchange Commission (the "SEC") with further details concerning this transaction, including a copy of the Hexion merger agreement.

Merrill Lynch & Co. and Cowen and Company, LLC acted as financial advisors to Huntsman. Vinson & Elkins L.L.P. and Shearman and Sterling LLP acted as legal advisors to Huntsman.

About Huntsman

Huntsman is a global manufacturer and marketer of differentiated chemicals and pigments. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergents, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman today has 14,000 employees and over 75 operations in 24 countries. The company had 2006 revenues from all operations of over $13 billion. ( http://www.huntsman.com)

About Hexion Specialty Chemicals, Inc.

Based in Columbus, Ohio (USA), Hexion Specialty Chemicals is the global leader in thermoset resins. Hexion serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Hexion had 2006 sales of $5.2 billion and employs more than 7,000 associates. Additional information is available at http://www.hexion.com.

About Apollo Management

Founded in 1990, Apollo is a recognized leader in private equity, debt and capital markets investing. Since its inception, Apollo has successfully invested over $16 billion in companies representing a wide variety of industries, both in the U.S. and internationally. Apollo is currently investing its sixth private equity fund, Apollo Investment Fund VI, L.P., which along with related co-investment entities, has approximately $12 billion of committed capital.

Important Additional Information Regarding the Merger will be filed with the SEC:

In connection with the proposed merger pursuant to the Hexion Agreement, the Company will file a proxy statement with the Securities and Exchange Commission (the "SEC"). INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND THE PARTIES TO THE HEXION AGREEMENT. Investors and security holders may obtain a free copy of the proxy statement (when available) and other relevant documents filed with the SEC from the SEC's website at http://www.sec.gov. The Company's security holders and other interested parties will also be able to obtain, without charge, a copy of the proxy statement and other relevant documents (when available) by directing a request by mail or telephone to Huntsman Corporation Investor Relations, 500 Huntsman Way, Salt Lake City, Utah 84108, telephone: (801) 584-5700 or on the Company's website at http://www.huntsman.com.

The Company and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from the Company's shareholders with respect to the Hexion Agreement. Information about the Company's directors and executive officers and their ownership of the Company's common stock is set forth herein and in the proxy statement for the Company's 2007 Annual Meeting of Shareholders, which was filed with the SEC on March 30, 2007. Shareholders and investors may obtain additional information regarding the interests of the Company and its directors and executive officers in the Hexion Agreement, which may be different than those of the Company's shareholders generally, by reading the proxy statement and other relevant documents regarding the Hexion Agreement, which will be filed with the SEC.

CAUTIONARY STATEMENTS
The statements included in this news release regarding any transaction with Hexion, including the timing thereof, regulatory approvals, the likelihood that either such transaction could be consummated and other statements that are not historical facts, are forward-looking statements. These statements involve risks and uncertainties including, but not limited to, actions by regulatory authorities, market conditions, the Company's financial results and performance, consummation of financing, satisfaction of closing conditions, actions by any other bidder and other factors detailed in risk factors and elsewhere in the Company's Annual Reports on Form 10-K and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize (or the consequences of such a development worsen), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. The Company disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

SOURCE  Huntsman Corporation
CONTACT:  media, Russ Stolle of Huntsman Corporation, +1-281-719-6624; or investor relations, John Heskett, +1-801-584-5768, for Huntsman Corporation

shanghai252

再看看MGS屬于Bakelite AG，而Bakelite AG也被Hexion收購了。

老蔡真有眼光啊，天津廠的預(yù)計愿景真的不錯。

就看環(huán)氧的另外兩巨頭DOW和南亞的了

shanghai252

參考

近年來，歐美、日本環(huán)氧樹脂公司兼并及投資建設(shè)較為活躍。國際大公司經(jīng)過一系列重組，目前全球環(huán)氧樹脂行業(yè)三甲已由20世紀(jì)末的Shell(殼牌)、DOW(陶氏)、Ciba-Geigy(汽巴嘉其)，變成Hexion(瀚森)、DOW(陶氏)、南亞。這世界環(huán)氧樹脂市場新3強(qiáng)生產(chǎn)能力分別達(dá)到38、36、30萬噸！Hexion、DOW、南亞目前在中國都設(shè)有生產(chǎn)基地。中國已成為全球環(huán)氧樹脂最大生產(chǎn)國和重要消費(fèi)國，但從企業(yè)角度看還有待做大做強(qiáng)。

    進(jìn)入21世紀(jì)后世界制造業(yè)紛紛進(jìn)駐中國市場，使環(huán)氧樹脂市場發(fā)生重大變化、競爭日趨激烈，為了增強(qiáng)競爭力，環(huán)氧樹脂生產(chǎn)廠商改組趨勢突現(xiàn)。Shell、Ciba-Geigy退出環(huán)氧樹脂市場，Shell的環(huán)氧樹脂生產(chǎn)及其品牌先后被Apollo Management 、Resolution 、Hexion收購。買力雄厚的Hexion Specialty Chemicals是由Resolution Performance Products LLC，Resolution Specialty Materials LLC，Bakelite，Borden Chemical 組合而成，是目前世界上最大的環(huán)氧樹脂生產(chǎn)及經(jīng)營商。Ciba-Geigy的環(huán)氧樹脂生產(chǎn)及其品牌先后被Vantico、Huntsman收購。DOW收購了韓國的Pacific epoxy co.Ltd、日本的Kinu Ura，在中國張家港建成4萬噸/年環(huán)氧樹脂裝置，增強(qiáng)了自身的實(shí)力。我國臺灣南亞塑膠異軍突起，將在麥寮、樹林的老裝置更新改造及大陸昆山建新裝置，使該公司的環(huán)氧樹脂生產(chǎn)能力達(dá)到30萬噸，成功地進(jìn)入前3位。使新世紀(jì)初期Hexion、DOW、南亞塑膠成為世界環(huán)氧樹脂市場新3強(qiáng)！

    專家介紹說，RPP及Resolution特種材料公司(RSM)與Borden化學(xué)品公司合并后誕生了一家全球最大的熱固性樹脂公司：Hexion特種化學(xué)品公司——專家把它譯為“瀚森”。RPP公司是Apollo管理公司2000年購得殼牌環(huán)氧樹脂業(yè)務(wù)后重新命名的公司，是世界上主要的環(huán)氧樹脂生產(chǎn)和經(jīng)銷商。RSM是其新的姊妹公司，從事Eastman化學(xué)品公司的涂料、粘接劑、特種聚合物及油墨業(yè)務(wù)。Borden化學(xué)品公司還簽署了一項最終協(xié)議從Rügers(德國酚醛和環(huán)氧樹脂制造商Bake1ite的母公司)手中購買Bakelite，這項交易的價格未被披露，但德國國內(nèi)媒體報道估計Bakelite的價格在2.5～3.0億歐元，或交易價接近于利息、稅、折舊及攤提前贏利的8倍。Bakelite 2003年的銷售額為5.4億歐元，現(xiàn)有雇員1700人。Bakelite在德國4個地方設(shè)有生產(chǎn)廠，在芬蘭、意大利、西班牙及捷克、韓國和美國有其全資生產(chǎn)廠，在美國和日本有其合資公司。這項收購將使Borden每年14億美元的銷售額增加6億美元。Bakelite的業(yè)務(wù)主要為非北美業(yè)務(wù)，將可以作為Borden(主要為北美業(yè)務(wù))業(yè)務(wù)的補(bǔ)充。

    另外，RPP公司2004年向得克薩斯州哈里斯縣地區(qū)法院提出了訴訟，狀告中國臺灣Formosa塑料公司(在臺灣從事環(huán)氧樹脂及關(guān)鍵原料環(huán)氧氯丙烷的生產(chǎn)商)及某些個人，稱其不合法行為包括不公平競爭，盜用商業(yè)秘密、欺詐等，要求至少1億美元的損失賠償。亞太地區(qū)對于陶氏化學(xué)及其環(huán)氧樹脂業(yè)務(wù)都是重要的增長市場。在亞洲，陶氏看到了由采用環(huán)氧樹脂的產(chǎn)品所帶來的更大需求，正積極研究和評估該地區(qū)的投資和發(fā)展機(jī)會。

    為了進(jìn)一步拓展其在亞洲的環(huán)氧樹脂業(yè)務(wù)，陶氏化學(xué)從韓國Saehan工業(yè)公司手中收購了環(huán)氧樹脂生產(chǎn)廠Pacific Epoxy在Kumi的工廠其余20%股份，現(xiàn)在為其全資持有者(2001年1月已購得該廠80%股份)，該廠年產(chǎn)環(huán)氧樹脂3萬噸，供應(yīng)溴化環(huán)氧、固態(tài)及固體溶液環(huán)氧樹脂用于防護(hù)涂料、電子產(chǎn)品及專用品。Huntsman正在瑞士投資建設(shè)一個高性能多官能團(tuán)環(huán)氧樹脂廠。該廠的計劃產(chǎn)能未被披露，但其建成后將使多官能團(tuán)環(huán)氧樹脂的全球供應(yīng)量翻倍。該項目的具體投資額也未公布，但據(jù)透露其規(guī)模在幾百萬美元。2005年1月該廠開始建設(shè)，進(jìn)展迅速。一期工程在2005年第4季度完成。預(yù)計2006年中期全部建成。Huntsman投建該廠意在通過在歐洲設(shè)立供應(yīng)點(diǎn)，補(bǔ)充平衡其在北美(美國阿拉巴馬的McIntosh工廠)多官能環(huán)氧樹脂的供應(yīng)，使其供貨能力無人抗衡，給用戶的交貨時間將由18周縮減至8周。Elementis(英國專用化學(xué)品公司)同意將其從事環(huán)氧和聚氨酯產(chǎn)品業(yè)務(wù)的公司Hardman以約780萬英鎊現(xiàn)金出售給美國的皇家粘接劑及密封劑公司(以下簡稱Royal)。Hardman公司凈資產(chǎn)為240萬鎊，2004年在利息、稅、折舊及攤提前盈利110萬英鎊(銷售額1400萬英鎊)。購得Hardman將使Royal公司開擴(kuò)其產(chǎn)品領(lǐng)域并拓展其市場。Royal公司計劃將提高其在小型船只及快艇用粘接劑及密封膠市場的現(xiàn)占有率并對進(jìn)入航空市場有濃厚興趣。捷克Spolchemie公司與日本DIC公司合資在捷克新建了一家環(huán)氧樹脂廠，投資250萬歐元，采用日本最新的技術(shù)，每年生產(chǎn)固態(tài)及液態(tài)樹脂3萬噸、溶液及混合物1萬噸。該廠在供給其歐洲東部及中部客戶的同時將有能力大力推進(jìn)其在西歐的業(yè)務(wù)，并在未來開拓烏克蘭、俄羅斯、土耳其及北非市場。其生產(chǎn)原料雙酚A1/3需要外購，環(huán)氧氯丙烷可80%自給。

    日本Nippon Pelnox公司將大舉進(jìn)軍中國和南亞地區(qū)電子部件及相似絕緣應(yīng)用中所使用的液態(tài)環(huán)氧樹脂市場。該公司已利用在泰國的工廠生產(chǎn)此類用于汽車電子部件及材料的液態(tài)環(huán)氧樹脂，以跟上泰國汽車制造業(yè)增長對材料需求增長的步伐。其在臺灣控投的子公司也開始部分生產(chǎn)這類樹脂。此外，該公司與專業(yè)的臺灣貿(mào)易公司簽屬了代理協(xié)議，著手將該類產(chǎn)品由日本或中國臺灣直銷，目標(biāo)是中國華南地區(qū)，特別是東莞。該公司在泰國生產(chǎn)供應(yīng)車載電子元件用液態(tài)環(huán)氧樹脂并供給中國各種電子部件用環(huán)氧樹脂。同時，他們打算進(jìn)行l(wèi)項可行性研究，即在中國本土生產(chǎn)制造該類樹脂。

    東京的Sumitomo Bakelite公司通過從瑞典的Perstorp集團(tuán)手中購買比利時的Vyncolit NV公司、Vyncolit North America公司(美國康涅狄格州)強(qiáng)化了其已在熱固性模塑料領(lǐng)域的穩(wěn)固地位。Sumitomo Bakelite本身擁有的Durez公司(美國德克薩斯州)生產(chǎn)酚醛、環(huán)氧和聚酰亞胺等樹脂及化合物。而Vyncolit公司2002年由Rügers公司手中獲得了熱固性模塑料業(yè)務(wù)，生產(chǎn)包括酚醛、三聚氰胺、環(huán)氧、脲醛等一系列熱固性樹脂及化合物。

促進(jìn)劑

壞消息！

shanghai252

可不是嗎？
一般都是國內(nèi)需要的就拼命漲價，國內(nèi)能做的很好的就拼命跌價。

laney

這沒啥~ [s:3]
估計HEXION收購HUNTSMAN比較困難，涉嫌壟斷呢

變化有點(diǎn)快哦！
前段時間還聽說是BASF與SHELL聯(lián)合收購了HUNTSMAN的

shanghai252

之前是Basell準(zhǔn)備收購，但出價每股少了兩美金，現(xiàn)在Huntsman為了投奔Hexion，還準(zhǔn)備付兩億美金的分手費(fèi)給Basell。

誰讓Basell被俄羅斯大佬給收購了呢，上次GE Platic放棄Basell投奔Sabic也應(yīng)該是同樣的俄羅斯背景原因

laney

不怕~
還有DOW、GURIT。。。。
還有國產(chǎn)環(huán)氧，很快出來的~