INEOS Styrolution
| INEOS Styrolution
|
|
|---|---|
 |
|
| legal form | GmbH |
| founding | October 1, 2011 |
| Seat |
Frankfurt am Main , Germany (Headquarters and Headquarters Europe)
Aurora (Illinois) , USA (Americas Headquarters) Singapore (Asia / Pacific Headquarters) |
| management | Kevin McQuade (CEO), Markus Fieseler (CFO), Rob Buntinx (President, EMEA), Alexander Glück (President, Americas), Steve Harrington (President, Global Styrene Monomer / President, Asia Pacific), Pierre Minguet (President Operations) |
| Number of employees | approx. 3,600 worldwide (2020) |
| sales | 5 billion euros (2019) |
| Branch | Chemical industry |
| Website | www.ineos-styrolution.com |
The INEOS, Styrolution Group GmbH is a global supplier of styrenics , headquartered in Frankfurt am Main . The company is a wholly-owned subsidiary of INEOS and supplies styrenics for everyday products in a variety of industries , including automotive, electronics, construction, household, leisure, packaging, and medicine and health.
Head office and locations
INEOS Styrolution employs around 3,600 people. The global and European headquarters are in Frankfurt am Main, the regional headquarters are in Aurora (Illinois) (USA) and Singapore . INEOS Styrolution has 20 production sites in ten countries: Germany (Ludwigshafen, Schwarzheide, Cologne), Belgium (Antwerp), China (Foshan, Ningbo), France (Wingles), Korea (Ulsan, Yeosu), India (Dahej, Katol, Moxi, Nandesari), Thailand ( Map Ta Phut ), USA (Channahon, Decatur, Texas City, Bayport), Canada (Sarnia) and Mexico (Altamira).
Product portfolio
The company offers various standard and special styrenic plastic types: styrene monomer (SM), polystyrene (PS), acrylonitrile-butadiene-styrene (ABS), styrene-butadiene copolymer (SBC), other styrene-based copolymers ( SAN , AMSAN, ASA , MABS) and Copolymer blends.
Styrene monomer (SM) is a colorless liquid intermediate that is easy to polymerize .
Polystyrene (PS) is a thermoplastic material , which u. a. is used in disposable packaging, in office and information technology and in kitchen and large appliances (e.g. as the inner lining of refrigerators).
Acrylonitrile butadiene styrene (ABS) is a thermoplastic plastic that is used for colored parts that need to be heat-resistant and impact-resistant (e.g. vacuum cleaners and power tools). Other applications can be found in automobile construction, in cell phone housings and in the sports and leisure sector.
Styrene-butadiene copolymer (SBC) is a transparent and impact-resistant thermoplastic. SBC is mostly used for food and display packaging.
Styrene-based copolymers (SAN, AMSAN, ASA, MABS) and copolymer blends (ABS / PA, ASA / PA, ASA / PC) are thermoplastic resins that are mainly processed for technical applications, for example in car parts, garden tools, tools, household appliances and electronics and communication devices as well as in computers.
history
On November 30, 2010, BASF and INEOS signed a letter of intent to combine their major styrene businesses. In April 2011, the US competition authorities approved the establishment of the new joint venture unconditionally. On May 12, 2011, Styrolution successfully placed a bond of 480 million euros with a maturity in 2016. At the end of May 2011, BASF and INEOS signed an agreement regulating the cooperation in the new Styrolution joint venture. At the beginning of June 2011, the European Commission approved the establishment of the Styrolution Joint Venture on condition that the companies sell an ABS production site in Tarragona , Spain. This production location corresponds to less than 3% of the pro forma EBITDA before special items of Styrolution in relation to the year 2010.
The company was founded in October 2011 as a joint venture between BASF and INEOS. On October 1st, 2011, Styrolution entered the market for the first time as an independent company.
In February 2014, the company announced that it would close its plant in Indian Orchard, USA, due to an oversupply of standard plastics and relocate production to other locations. The polystyrene plant has so far produced more than 100,000 tons.
On June 30, 2014, it was announced in a joint statement that INEOS would take over the 50% stake in BASF for a purchase price of EUR 1.1 billion.
On January 18, 2016, Styrolution announced that the company would henceforth operate under the name INEOS Styrolution.
Web links
- Handelsblatt.com: BASF plastics joint venture starts work, October 4, 2011
- Process.de: Styrolution Joint Venture officially started, October 4th, 2011
- INEOS Styrolution website
- INEOS website
Individual evidence
- ↑ a b About us, at www.ineos-styrolution.com , accessed on February 27, 2019
- ↑ Styrolution locations, February 27, 2019
- ↑ Packing up to date. June 6, 2011
- ↑ European Movement Network: BASF: EU Commission approves the establishment of the Styrolution joint venture. June 6, 2011
- ↑ Juve.de: INEOS and BASF establish joint venture, July 6, 2011
- ↑ Handelsblatt.de: Styrolution closes location in the USA. Retrieved August 2, 2016 .
- ↑ BASF gets out of plastics company Styrolution for 1.1 billion euros on nzz.ch
- ↑ Morgenweb.de: Ludwigshafen: BASF sells Styrolution shares for 1.1 billion euros on Newsticker
- ↑ Styrolution changes name to INEOS Styrolution. Retrieved August 2, 2016 .