INEOS Styrolution announces expansion of its Altamira ABS/ ASA plant
- The expansion reflects increased demand in the Americas region
- Capacity increase of 20,000 metric tons
- Acknowledgement of the company’s growth strategy
INEOS Styrolution, the global market leader in styrenics, today reveals 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 ABS (acrylonitrile butadiene styrene) and ASA (acrylonitrile styrene acrylate) 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 in particular in the automotive, the construction, the household and the toys, sports and leisure market segments. This increased demand is in line with market researchers’ observations of key segments like automotive and construction, which show a positive growth development.
Ricardo Cuetos, VP Americas, Standard Products, comments: “The capacity expansion will allow us to grow together with our customers and provide a service level according to their expectations in this dynamic market.”“This investment is in line with our Triple Shift growth strategy,” adds Alexander Glueck, President Americas. “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.”