14 October 2013
Details
Styrolution and Braskem,
announced the signing of a MOU to investigate
the formation of a joint venture in Brazil.
The proposed 100kt plant would supply
specialty styrenics, ABS, SAN copolymers
to customers in Brazil and throughout South America.
Planned equity in a joint venture
Styrolution 70 % , Braskem 30 %
Background
- In recent years, Brazil has seen significant growth in the
household appliances and automobile industries.
both of which are key consumers of the specialty styrenics
the joint venture would produce.
- Traditionally, ABS and SAN have been imported into region by
styrenics providers like Styrolution.
- The new company would seek to capitalize on the favorable market dynamics
to create a domestic and regional producer offering customers
more local service and greater supply security
Strength of Styrolution and Braskem
Styrolution
- Expertise in the development and production of styrenics
- The industry's broadest styrenics product portfolio
- Technology licensing
- Existing business in the region
Braskem
- As the region's top petrochemical company,
Braskem would provide its
* knowledge of the local and regional markets,
* supply chain infrastructure and
* the site of the production facility
Styrolution,
Roberto Gualdoni, CEO
- Styrolution recently unveiled a new strategy
which calls a shift in three areas of our business,
* namely expanding our footprint in emerging markets,
* growing out specialty styrenics business and
* focusing on selected, higher-growth industries.
- For Stytrolution this proposed jont venture ticks all the boxes and
we are pleased to be partnering with Braskem to
explore the opportunities this could afford us.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
