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.
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