Published On:December 14 2016
Story Viewed 1293 Times
Ineos Styrolution to expand copolymer plant in Mexico.
Ineos Styrolution, one of the leading global players in styrenics, plans to expand the company’s plant in Altamira (Mexico) responding to growing demand in the Americas region. The copolymer plant produces a variety of acrylonitrile butadiene styrene (ABS) and acrylonitrile styrene acrylate (ASA) solutions. The expansion will also allow customers to benefit from increased flexibility adapting production to customer demand.
Ineos Styrolution observes a growing demand for ABS and ASA based solutions, especially in automotive, construction, household, toys, sports and leisure markets. This increased demand is in line with market researchers’ observations of key segments like automotive and construction, which show a positive growth development.
The capacity expansion of 20,000 metric tonnes will grow Ineos Styrolution’s overall copolymer production capacity in Altamira to 180,000 metric tons. This increase will not only be the result of a debottlenecking of the Altamira copolymer plant, it will also lead to a reduction of imports from other regions that were needed to support growth in the Americas region. These import volumes will then be freed up for business growth in other regions. Startup is expected by the first quarter of 2018.
“This investment is in line with our Triple Shift growth strategy. Our investment is at the intersection of all three aspects of our strategy: Focus on growing markets, growing industries and on innovative products for our customers to stay competitive in their respective markets,” said Alexander Glueck, president Americas, Ineos Styrolution.