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

Slowing the aging process in plastics

October 31, 2014 1:13 pm ET

Australian scientists have developed a new material that can strengthen porous plastics by slowing their aging process.    More

Image

Corbion Puriac considering PLA plant in Thailand, if customers commit

October 31, 2014 11:52 am ET

Biofeedstocks supplier Corbion Puriac will build a polylactic acid (PLA) plant in Thailand if it receives a sales commitment from customers.    More

Image

Report: Lanxess may cut 1,200 jobs

October 31, 2014 9:40 am ET

German chemicals company Lanxess AG may cut up to 1,200 jobs, around 7 percent of its workforce, as part of a group-wide overhaul to counter...    More

Image

PP prices rise, solid PS, PET drop

October 30, 2014 1:15 pm ET

North American polypropylene resin prices surged again in October, while regional prices for solid polystyrene and PET bottle resin continued their...    More

Image

Italian compounder opening first US plant

October 30, 2014 9:45 am ET

The song of the South has led Italian compounder So.F.Ter Group to open its first plant in the United States in Lebanon, Tenn.    More

Market Reports

Pipe, Profile & Tubing Extrusion Market Trends

This report provides in-depth analysis of current trends, statistics and innovations in product design and production impacting the PP&T industry in North America.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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