Global materials firm Ineos Group will combine its ABS resin business with its Styrolution unit in the Americas.
“This move will not only enrich Styrolution's standard and specialty ABS offering to customers, but it also establishes Styrolution as the clear market leader in ABS in the Americas,” officials with Rolle, Switzerland-based Ineos said in a March 4 news release.
Frankfurt, Germany-based Styrolution already made standard ABS grades, as well as polystyrene, styrene monomer and specialty styrenics. Ineos ABS makes ABS and a variety of specialty styrenics, including a market-leading position in styrene-acrylonitrile (SAN).
Ineos became the sole owner of Styrolution in June when it bought out partner BASF SE's 50 percent stake for $1.5 billion.