Styrolution intends to close its polystyrene site in Trelleborg, Sweden
10/11/14
Fribourg, Switzerland
Fribourg, Switzerland – November 10, 2014 – In order to further strengthen its polystyrene business in Europe, the Middle East and Africa (EMEA), Styrolution intends to close its 80 kiloton polystyrene production site located in Trelleborg, Sweden. The closure of the facility is scheduled to occur by the end of 2014 and will affect all 51 employees working at the site. Styrolution will continue to serve customers from its polystyrene sites located in Antwerp, Belgium and Wingles, France with the same quality, reliability and service standards they have come to expect from the company.
The planned closure is aimed at bolstering the long-term economic sustainability of Styrolution's polystyrene business in EMEA by further enhancing cost structures and maximizing utilization of its production assets in Antwerp and Wingles. Polystyrene is and will remain a strong pillar in Styrolution's portfolio, providing a robust commercial foundation for the implementation of its Triple Shift growth strategy, which calls for a focus on styrenic specialties and ABS Standard, as well as emerging markets and higher-growth industries.
Quote:
Kevin McQuade, President EMEA, Styrolution: "The polystyrene market in Europe has been characterized by decreasing demand, overcapacity and underutilization. These market dynamics have also affected Styrolution's polystyrene business in the region, making it necessary for the company to take this difficult step announced today. We acknowledge the impact this decision will have on our colleagues in Trelleborg who have made an outstanding contribution to the company. Styrolution remains fully committed to its polystyrene business and we are confident this measure will further strengthen our leading position in this important product segment in the region."
ABOUT INEOS STYROLUTION
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 85 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 2015, sales were at 5 billion euros. INEOS Styrolution employs approximately 3,100 people and operates 15 production sites in nine countries.
