INOES in a major decision has decided to sell its Melamine and Paraform businesses to German company Prefer Resins. The transaction is expected to be finalised in the second quarter, subject to regulatory approval.INEOS Melamine has three sites in Springfield (Massachusetts) in the US, Frankfurt in Germany, and Surabaya in Indonesia.It makes sales of €130m/year, according to INEOS, and employs 150 people globally. It has total production capacities of 110, 000 tonnes/year.Melamine is used in thermosetting resins for laminates, protective coatings, moulding compounds, textile finishes and paper coatings. A small fraction is consumed as melamine crystal or salts for flame retardant or moisture-resistant uses.The business produces methanol derivatives like formaldehyde, paraformaldehyde, hexamethylene tetramine, dimethoxymethane and alkali craniates, chemicals used in a variety of end markets such as agrochemicals, coatings disinfectants, fuels, metals, textiles or paper, among others.
