FRANKFURT, Germany -- INEOS Styrolution, a global leader in styrenics, plans to increase capacity for acrylonitrile styrene acrylate (ASA) and acrylonitrile butadiene styrene (ABS) in the Americas. The plans include constructing a new 100-kiloton 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.
Bayport, in the greater Houston area, will become the location of the new ASA plant. The site was selected based on its easy access to raw materials, low-cost utilities and proximity to major customer markets. Bayport also offers an excellent infrastructure for domestic shipments and exports. The new ASA plant in Bayport is expected to be operational by the end of 2020.
INEOS Styrolution's move strengthens the company's commitment to the Americas region, allowing for flexibility with fast local response to changing needs. "This investment follows previous growth investments, including the current expansion of the ABS/ASA plant in Altamira and, most recently, the acquisition of the KResin® business," explained Americas President Alexander Glueck.
The planned investment also demonstrates the company's commitment to its Triple Shift growth strategy, focusing on key industries, ABS and specialties, and growth markets.
"The capacity increase in Bayport and in Altamira will give us additional resources in a dynamic market," commented CEO Kevin McQuade. "It reduces the need to import volumes from other regions, allowing for more localized supply and at the same time supporting further growth in the other producing regions. 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."
For more information, visit www. ineos-styrolution.com or call (866) 890-6353.