FRANKFURT, GERMANY: Ineos Styrolution, the global leader in styrenics said that it plans to increase capacity for acrylonitrile styrene acrylate (ASA) and acrylonitrile butadiene styrene (ABS) in US. The plans include constructing a new 100kt capacity ASA plant in Bayport, Texas and increasing the ABS capacity at its ABS/ ASA plant in Altamira, Mexico.
The planned ASA facility strengthens the Ineos Styrolution position as the only global producer with ASA production capacity in all regions. This will bring the company even closer to their customer partners by supporting their growth plans and continuing to provide the same high-quality products across all regions.
The new ASA plant in Bayport is expected to be operational by the end of 2020.
“This investment follows previous growth investments including the AMSAN production in Altamira, the current expansion of the ABS/ ASA plant in Altamira and, most recently, the acquisition of the K-Resin business,” said Alexander Glueck, president Americas.
“The capacity increase in Bayport and in Altamira will give us additional resources in a dynamic market. It reduces the need to import volumes from other regions, allowing for more localised supply and at the same time supporting further growth in the other producing regions EMEA and APAC. This also gives us additional flexibility to meet our customers’ expectations in growing markets, as in the Americas. Our investment in the Bayport plant will also free up volumes to further expand our business in other regions,” added Kevin McQuade, CEO, Ineos Styrolution.
© Worldofchemicals News
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