Styrolution shifting resin production

By Frank Esposito
Senior Staff Reporter

Published: March 20, 2012 6:00 am ET

Related to this story

Topics Materials, Suppliers, NPE 2012

FRANKFURT, GERMANY (March 20, 3 p.m. ET) — Global polystyrene and styrene monomer leader Styrolution Group GmbH is making several changes to its global production, including no longer sourcing those materials from a plant in Marl, Germany, by the end of the year.

Styrolution’s decision will result in the plant’s PS and styrene units being shut down by the end of the year, according to a spokesman with Ineos Group, the British plastics and chemicals firm that co-owns Styrolution and operates the plant. The site’s annual PS capacity is almost 400 million pounds, while its styrene capacity stood at almost 800 million pounds.

All 110 workers at the PS/styrene units will be offered “alternative roles” with either Ineos or Styrolution, the spokesman said. Ineos will continue to make expanded PS in Marl as well as cumene feedstock. Its annual EPS capacity there is about 240 million pounds.***

Frankfurt-based Styrolution announced the Marl move in a March 19 news release, when it also confirmed capacity expansions in Korea and India and improvements to a German plant.

“To maintain and expand our leading market position, implementing our strategic priorities quickly and rigorously is key,” CEO Roberto Gualdoni said in the release. “I am convinced that these measures will increase our competitive strength...and allow us to serve our customers even better.”

In a statement, Ineos Styrenics CEP Gerd Franken added that “a review of business strategy by Styrolution has made it clear that the relatively small scale PS and [styrene] assets at Marl put the two units at a disadvantage in today’s market.”

In Ulsan, South Korea, Styrolution will open a new line with almost 90 million pounds of annual capacity for acrylic-styrene-acrylonitrile (ASA) by July. Officials said in the news release that the new line will offer customers greater security of supply and shorter lead times.

The Indian move will increase capacity for ABS and styrene-acrylonitrile (SAN) resins and related compounds by almost 70 million pounds in Vadodara by 2014. The project will meet increased demand for those products and lift the site’s overall annua; production capacity to more than 240 million pounds, officials said.

In Germany, Styrolution will equip its plant in Ludwigshafen with modern logistics and process control systems. Other improvements will increase the plants flexibility and supply reliability. Work done at the plant - which makes styrenic copolymers - is expected to be wrapped up in early 2013.

Styrolution was formed in October 2011 as a joint venture between Lyndhurst, England-based Ineos and chemicals giant BASF SE of Ludwigshafen. The firm has annual sales of about $8.3 billion and employs 3,400 at 17 sites worldwide.

At NPE2012 in Orlando, Fla., Styrolution USA LLC will exhibit in booth 13005.


Comments

Styrolution shifting resin production

By Frank Esposito
Senior Staff Reporter

Published: March 20, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Formosa to be compensated for Vietnam riot

July 28, 2014 1:44 pm ET

Taiwan's Formosa Plastics Group will receive $2.39 million from the Vietnamese government and insurance companies for damages suffered during the...    More

Image

Ukraine's Group DF may be forced to sell Crimea-based additives plant

July 28, 2014 10:12 am ET

Group DF, the industrial business of Ukrainian tycoon Dmitry Firtash, may be forced to sell off Eastern Europe's biggest producer of titanium oxide,...    More

Image

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Austrian mold maker seeking North American manufacturing partner

July 25, 2014 1:49 pm ET

An Austrian mold maker is looking for a manufacturing location in North America.    More

Image

DuPont resins help take Nike golf balls 'Fore!'ward

July 25, 2014 1:07 pm ET

It may be difficult to imagine just how much science, not to mention rubber and plastic components, go into a golf ball. But global giant DuPont Co. b...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events