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Flint Hills Resources to sell 120,000 tonne/year unit in Peru

October 19/2011

(ICIS) -- US expandable polystyrene (EPS) producer Flint Hills Resources is exploring the potential sale of its 120,000 tonne/year unit in Peru, Illinois, a company spokesman confirmed on Tuesday.
"The company is in the early stages of the process and expects to have preliminary discussions with potential buyers in the coming weeks," said Jacob Reint, public affairs director with Flint Hills Resources. Flint Hills Resources, the third largest EPS producer in the US, purchased the Peru facility from Huntsman in 2007.

The company did not say whether it planned to close the facility if it could not find a buyer.
It was unclear who would be interested in buying the facility, particularly with routine complaints from suppliers about slim profit margins for EPS, sources said.

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