Styrolution inaugurates new ABSOLAN line in Gujarat, India
Vadodara, India – May 09, 2014 – Styrolution, the global leader in the styrenics industry, yesterday inaugurated a new line for the high performance styrenic specialty product Absolan at its Katol site located in Gujarat, India. The new 40,000 mt line intends to meet the growing demand for Absolan across key growth industries in India. Absolan customers will benefit from improved local service and greater security of supply. The move to increase domestic supply of styrenic specialties in India aligns with Styrolution's Triple Shift growth strategy, which puts a greater focus on higher growth industries, styrenic specialties and ABS Standard, and emerging markets.
Roberto Gualdoni, CEO, Styrolution: "India is one of the key strategic markets in Asia where Styrolution plans to accelerate growth and expand its footprint. This new line enhances Styrolution's capability to offer customers the high-performance styrenic specialities with the product and service quality they have come to expect. Ultimately, the expanded capacity paves the way for further growth together with our customers in India."
Myungseok Chi, Managing Director, Styrolution ABS (India) Limited: "This new Absolan line design offers excellence in operational and process safety by incorporating the experience and best practices gleaned from throughout Styrolution's global production network. The expansion in production capacity will enable us to better support the success of our customers in India by providing them the best solutions and a stable local supply, therefore creating greater value for their business."
ABOUT STYROLUTION ABS (INDIA) LIMITED
Styrolution ABS (India) Limited is the market leader for ABS (Acrylonitrile Butadiene Styrene) and SAN (Styrene Acrylonitrile) in India with three manufacturing facilities located in Gujarat at Nandersari, Katol and Moxi, respectively. ABS is a styrenics copolymer used for manufacturing plastic components for a wide range of applications, with a major focus on automotive, household appliances, electronics, etc. SAN is a transparent styrenics copolymer used mainly in applications including household appliances, imitation jewellery, etc. Styrolution ABS (India) Limited is a public limited company and its shares are traded on Bombay Stock Exchange and National Stock Exchange (Stock Exchange Symbol: STYABS, ISIN: INE189B01011).
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.
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