MOSCOW (MRC) -- Ineos Styrolution's acrylonitrile-butadiene styrene (ABS) output at its Antwerp unit in Belgium is back at a "normal production level," as per Plastemart.
Production at the plant was reduced between February and April as a result of works, a different source said back in February. The source confirmed Wednesday that "things are picking up again" and that the company had normal production from April 1-2.
ABS capacity at the Antwerp plant is around 250,000 m tpa, according to a source. On Tuesday, the company announced that it would reduce ABS prices by Eur60/mt in April compared to March, following the settlements of its feedstock prices.
As MRC wrote previously, in early March 2017, Germany-based styrenics producer Ineos Styrolution completed its acquisition of the global K-Resin styrene-butadiene copolymers (SBC) business of Chevron Phillips Chemical and Daelim after receiving all necessary regulatory and legal approvals. Agreed in November last year, the acquisition includes the equity interests of the joint venture K R Copolymer Company (KRCC), owned to 60% and 40% by the US and Korean companies respectively, as well as intellectual property for K-Resin and other assets related to the SBC business.
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. Ineos Styrolution employs approximately 3,100 people and operates 15 production sites in nine countries.
MRC