29 October 2010 12:55 [Source: ICIS news]
(Recasts, clarifying 5th paragraph)
DUSSELDORF (ICIS)--Styron’s plan is to innovate and grow, and owner Bain Capital wants to add scale, the company's president and CEO said on Friday.
“Our business is split 40% Europe, 40% US and 20% Asia. Growing in
Dagmar van Heur, vice president Styron Automotive, said the firm was now able to source Asia Automotive customers from its local compounds and blends facilities in
When asked about whether Styron or Bain intended to buy BASF’s styrenics spin-off Styrolution, Pappas
“Styron has the rubber and emulsions business, which is a very stable earnings base,” he said.
The polystyrene (PS) industry has seen significant changes in terms of plant closures and joint ventures, and further industry changes were likely, added Moyer.
He said 25% of European PS capacity had been rationalised.
"Now European assets are running at 90% utilisation,” said Moyer.
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