MOSCOW (MRC) -- Styrolution, the global leader in styrenics, today announced that it has changed company names and visual identity to Ineos Styrolution to mark Ineos ownership, said the producer on its site.
Despite the company changing its names, including all entities, and logo, the company will continue to operate and actively pursue business opportunities as before. 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.
As MRC informed earlier, Styrolution was founded in October 2011 as a joint venture between BASF and INEOS. On November 17, 2014, INEOS completed the purchase of BASF's 50% share – making Styrolution a wholly owned, standalone company within INEOS.
INEOS Styrolution is the leading, global styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 80 years of experience, INEOS Styrolution helps its customers succeed by offering the best possible solution, designed to give them a competitive edge in their markets. The company provides styrenic applications for many everyday 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. INEOS Styrolution employs approximately 3,100 people and operates 15 production sites in nine countries.
MRC