Styrolution and Braskem forming ABS joint venture

By Frank Esposito
Senior Staff Reporter

Published: October 14, 2013 12:27 pm ET
Updated: October 14, 2013 12:32 pm ET

Related to this story

Topics Materials, Materials Suppliers, Joint Venture

Global styrenics leader Styrolution Group GmbH and Brazilian petrochemicals giant Braskem SA are forming a joint venture to build a new plant making ABS and related resins in Brazil.

The plant would have annual capacity of about 220 milliion pounds for ABS, styrene acrylonitrile (SAN) and specialty styrenics, officials with both companies said in an Oct. 14 news release.

Frankfurt, Germany-based Styrolution would own 70 percent of the proposed JV, with São Paulo-based Braskem owning the remainder. Groundbreaking for the proposed plant could begin as early as 2015, with production launching in 2017.

The proposed JV "ticks all the boxes" of a new Styrolution strategy that calls for expanding the firm's footprint in emerging markets, growing its specialty styrenics business and focusing on select high-growth industries, CEO Roberto Gualdoni said in the release.

The partnership "would be an important step towards strengthening the petrochemical sector in Brazil," Braskem CEO Carlos Fadigas added.


Comments

Styrolution and Braskem forming ABS joint venture

By Frank Esposito
Senior Staff Reporter

Published: October 14, 2013 12:27 pm ET
Updated: October 14, 2013 12:32 pm ET

Post Your Comments


Back to story


More stories

Image

Americhem beats weather woes at start of 2014 for good fiscal year

November 26, 2014 9:45 am ET

Gains from the automotive and construction markets provided a strong fiscal 2014 for Americhem Inc.    More

Image

PE prices drop for first time in two years, PP down 5 cents

November 26, 2014 10:22 am ET

North American polyethylene buyers might want to circle November 2014 in red on their calendars — since PE prices this month have fallen for...    More

Image

Compounding products and services

November 24, 2014 9:47 am ET

   More

Image

Dow reaches agreement with Third Point

November 21, 2014 9:11 am ET

Dow Chemical Co. has reached an agreement with the investment firm that has been trying to force the company to sell off some assets.More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events