Chemical supplier Ineos combines ABS unit with Styrolution in Americas
Canadian PlasticsMaterials Ineos
Global specialty chemicals maker Ineos Group is combining its ABS resin business with its Styrolution unit in the Americas.
Ineos’ Styrolution business is a supplier of styrenics and Ineos’ ABS is a fully integrated producer of acrylonitrile butadiene styrene.
Both are wholly owned Ineos companies.
As part of the integration, Ineos said in a statement, core functions will merge, including marketing, sales, customer service, supply chain, procurement, R&D, human resources and manufacturing.
The company aims to implement the integration measures by the end of 2015, the statement added.
“Now that Styrolution is a full-fledged member of INEOS, the integration of our two businesses makes perfect sense and presents tremendous opportunities for growth,” said Andy Currie, director of Ineos Capital and chairman of Styrolution. “Together as Styrolution, Ineos offers a one-stop styrenics shop to customers.”
Headquartered in Rolle, Switzerland, Ineos is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses, has 65 manufacturing facilities in 16 countries throughout the world, and employs 17,000 people.
Styrolution provides styrenic applications for products across a broad range of industries, including automotive, electronics, household, construction, healthcare, toys/sports/leisure, and packaging. In 2014, sales were at 5.4 billion euros. Styrolution employs approximately 3,100 people and operates 15 production sites in nine countries.