6 December 2016
DETAILS
- The expansion reflects increased demand
in the Americas region - Capacity increase of 20,000 metric tons
- Acknowledgement of the company’s growth strategy
today reveals plans to expand the company’s plant
in Altamira/ Mexico responding
to growing demand in the Americas region.
The copolymer plant produces a variety of
* ABS (acrylonitrile butadiene styrene) and
* ASA (acrylonitrile styrene acrylate) solutions.
The expansion will also allow customers to benefit
from increased flexibility adapting production
to customer demand.
INEOS Styrolution observes a growing demand
for ABS and ASA based solutions in particular
in the automotive, the construction, the household
and the toys, sports and leisure market segments.
This increased demand is in line with market
researchers’ observations of key segments like automotive
and construction, which show a positive growth development.
The capacity expansion of 20,000 metric tons
will grow INEOS Styrolution’s
overall copolymer production capacity
in Altamira to 180,000 metric tons.
This increase will not only be the result
of a debottlenecking of the Altamira copolymer plant,
it will also lead to a reduction of imports
from other regions that were needed to support growth
in the Americas region.
These import volumes will then be freed up
for business growth in other regions.
Startup is expected by the first quarter of 2018
Ricardo Cuetos,
VP Americas, Standard Products
“The capacity expansion will allow us to grow together
with our customers and provide
a service level according to their expectations
in this dynamic market.”
Alexander Glueck,
President Americas
“This investment is in line with our
Triple Shift growth strategy,”
“Our investment is at the intersection of
all three aspects of our strategy:
* Focus on growing markets,
* growing industries and
* on innovative products
for our customers to stay competitive
in their respective markets.”
FOR PRESS INQUIRIES:
Ralf Leinemann
Global Manager PR & Marketing Communications
Phone work+49 69 5095501366
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