Styrolution changes its name to Ineos Styrolution
Name change marks Styrolution GmbH’s integration under its new owner.
To mark its new ownership, styrenic supplier Styrolution has changed its company name to Ineos Styrolution Group GmbH.
Germany-based Styrolution was founded in October 2011 as a joint venture between BASF and Ineos. In November 2014, Ineos purchased BASF’s share and made Styrolution a wholly owned, standalone company within INEOS.
“Despite the company changing its names and logo, the company will continue to operate and actively pursue business opportunities as before,” the company said in a statement. “This includes continuing with the Triple Shift growth strategy introduced three years ago, which calls for a focus on higher-growth industries, styrenic specialties and Standard ABS and emerging markets. Corporate structure, company organization, all financing arrangements and operative contracts with business partners are not affected by the name and logo change. They remain as is.”
Ineos Styrolution supplies styrenics with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. In 2014, the company reported sales of 5.4 billion euros. Ineos Styrolution employs approximately 3,100 people and operates 15 production sites in nine countries.