Kraton Corp. will look to strengthen its position in the Midwest with the expansion of SBS capacity at its manufacturing plant and innovation center in Belpre, Ohio.
The extra 24 kilotons per year is set to come online in 2025.
SBS, or styrene-butadiene-styrene block copolymer, is used extensively in footwear and the modification of bitumin/asphalt.
"We are excited to announce plans to expand our Belpre manufacturing capacity," Kraton Polymers CEO Holger Jung said. "This expansion supports our growth strategy and our customer's growing demand for SBS in North America."
The "significant" expansion in Belpre is set to begin in 2024. An investment amount was not disclosed.
"Global supply chain challenges and force majeure situations in 2022 impacted our business, but we have successfully navigated and emerged stronger," Jung said. "We recognize the importance of a reliable, effective supply chain.
"This expansion will ensure Kraton efficiently delivers the products and solutions our customers rely on, with consistent quality. We appreciate our customers' patience and trust as we strive to meet their needs with best-in-class solutions."