04 December 2007 20:59 [Source: ICIS news]
HOUSTON (ICIS news)--Dow Chemical will no longer sell acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) to customers in the Americas that are outside of the automotive industry, the company said on Tuesday.
The change takes effect on 1 February, Dow said.
The ABS and SAN changes are part of a larger corporate restructuring that Dow announced on Tuesday.
Dow will supply the automotive industry with ABS through its plant in Midland, Michigan, the company said.
The company's other ABS plants in Gales Ferry, Connecticut and Ironton, Ohio, will be converted to polystyrene (PS) production, Dow said. Those plants will be included in the proposed styrenics joint venture with Chevron Phillips Chemical.
“This decision has been made after a thoughtful and prudent assessment that clearly indicated the fundamentals of the market do not support our continued involvement,” said Mark Remmert, engineering plastics business director for Dow.
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