The news that shuttered US phenol/acetone producer Haverhill Chemicals will sell its Ohio plant to a producer of industrial water treatment salts came as a surprise to some market participants, ICIS Americas phenol/acetone market reporter Dustin Hall tells senior market editor John Dietrich in this podcast recorded Thursday.
Hall and Dietrich discuss challenges the new owners will face in light of weakness in the phenol/acetone markets and examine what bankruptcy filings released this week reveal about Haverhill’s operations.