31 August 2018
DETAILS
Total has accepted an offer from INEOS Styrolution,
to acquire its polystyrene business in China.
It includes in particular two facilities
with a production capacity of
200,000 tons per year each, located
* in Ningbo, Zhejiang Province, and
* in Foshan, Guangdong Province.
In a highly competitive polystyrene market,
Total considered it did not have
the required critical mass in China,
unlike its positions in Europe and the United States.
INEOS Styrolution has made clear commitments
to maintain the business and jobs
and meet commitments to customers.
The transaction is subject to
the approval of the relevant regulatory authorities.
Bernard Pinatel,
President, Refining & Chemicals at Total
“The sale is in line with
our active portfolio management strategy”
“Our polystyrene business will be now focused on
Europe and North America,
two markets where we are the No. 2.”
READ MORE FROM INEOS STYROLUTION
Total contacts
- Media Relations: +33 1 47 44 46 99
l presse@total.com l @TotalPress - Investor Relations: +44 (0)207 719 7962
l ir@total.com
INEOS STYROLUTION CONTACT
Dr. Ralf Leinemann
Global Manager PR & Marketing Communications
INEOS Styrolution Group GmbH
Mainzer Landstraße 50 60325
Frankfurt
Germany
Phone: +49 69 509550-1366
Email: ralf.leinemann@ineos.com
Website: www.ineos-styrolution.com
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