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

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

Negri Bossi's new owners may 'bring significant manufacturing' to US

April 16, 2014 1:09 pm ET

Italian plastics equipment major Negri Bossi may “bring significant manufacturing of injection molding machines back to the United...    More

Image

Polyair rebuilds from Sandy with help from Process Control

April 16, 2014 4:11 pm ET

Hurricane Sandy gutted Polyair Inter Pack Inc.'s Carlstadt, N.J., plant more than a year ago, and Brian Clawson won't soon forget the devastation.    More

Indorama's purchase of Sasa to give wider access to multiple markets

April 16, 2014 10:07 am ET

PET maker Indorama Ventures Public Co. Ltd. is expanding in Turkey with the acquisition of a majority of Sasa Polyester Sanayi.    More

Axiall resumes operations at damaged Lake Charles PVC feedstock plant

April 15, 2014 4:41 pm ET

Axiall Corp. has resumed operations at its PVC feedstock plant that was damaged by a fire in December.
More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events