MOSCOW (MRC) -- INEOS Styrolution, the global leader in styrenics, announced today that its Novodur 550 has been selected by THACO Plastics Component (TPC), one of the leading OEMs producing key automotive parts for global brands in Vietnam, to be used for rear spoiler application, said the company.
Novodur is INEOS Styrolution’s brand of specialty acrylonitrile butadiene styrene (ABS) copolymers. The product line contains grades with a well-balanced mix of properties, including good impact strength, dimensional stability and heat resistance. It is easy to process and gives a high aesthetic colourful surface appearance. This versatile product line is also available pre-coloured and contains products with many unique features to fit the most demanding applications across industries including automotive, household, electronics, medical and construction.
Mr. Nguyen Hoang Huy, Managing Director, P-CARE Vietnam Group, comments “As a supplier to one of most successful automotive manufacturers in Vietnam, it is imperative for us to partner with world class and innovative material suppliers like INEOS Styrolution to provide the right solutions for our customers. The high quality and consistency of INEOS Styrolution’s products enable OEMs like TPC to meet the global standards required by well-known car brands. Novodur 550 is the material of choice as it offers high heat resistance, high impact strength, good process-ability and is suitable to be coated with premium paint, offering a luxurious appearance for THACO’s cars."
"We are very pleased to partner with THACO Plastics Component and P-CARE Vietnam Group, providing them our best solutions,” says Ravi Ponnuswamy, Asia Pacific Specialties Sales Director. “The successful commercialization of this project shows that with the right partnership, Vietnamese automotive manufacturers are well equipped to develop and produce parts in their home country."
Earlier it was reported that INEOS Styrolution and Trinseo continue to implement a project to create a polystyrene processing plant using depolymerization technology in Wingles in northern France. The enterprise will be able to process up to 50 tons of polystyrene per day. It is expected to be fully operational by mid-2023.
According to the ICIS-MRC Price Report, prices of Russian polystyrene (PS) continued to go up in December.
Demand for PS was strong, the market was still experiencing a shortage of Russian material. Prices of European styrene monomer (SM) were in the range of USD1,515-1,575/tonne this week.