Lyondell Sells Major Portion of ADI Assets to Bayer
HOUSTON, Jan. 3, 2002 - Lyondell Chemical Company has sold the majority of its aliphatic diisocyanates (ADI) assets to Bayer Corporation. The transaction, which included Lyondell's Luxate® product inventories, certain intellectual properties, customer lists and contracts, was completed Dec. 31, 2001. Financial details were not disclosed.
In September, the company announced the immediate shutdown of its ADI manufacturing units at Lake Charles, LA, as well as its intention to exit the ADI business. Lyondell's ADI units represented an annual capacity of 18 million pounds.
Lyondell continues to manufacture toluene diisocyanates (TDI) at the Lake Charles manufacturing facility, which employs a workforce of approximately 480. Lyondell is currently the world's third largest TDI supplier with annual capacity in 2000 of 564 million pounds. TDI is used primarily to manufacture polyurethane foam for such products as bedding and furniture, automobile seat cushions and instrument panels.
ADI products include hexamethylene diisocyanate (HDI) and isophorone diisocyanate (IPDI), which are used in the manufacture of high-performance polyurethane coatings applications for industrial, automotive and home appliance applications.
Other news from the department business & finance
These products might interest you
Dursan by SilcoTek
Innovative coating revolutionizes LC analysis
Stainless steel components with the performance of PEEK - inert, robust and cost-effective
OCA 200 by DataPhysics
Using contact angle meter to comprehensively characterise wetting behaviour, solids, and liquids
With its intuitive software and as a modular system, the OCA 200 answers to all customers’ needs
Tailor-made products for specific applications by IPC Process Center
Granulates and pellets - we develop and manufacture the perfect solution for you
Agglomeration of powders, pelletising of powders and fluids, coating with melts and polymers
