08 October 2012 18:20 [Source: ICIS news]
BUDAPEST (ICIS)--Styrolution is making faster than expected progress on the integration of the former BASF and INEOS styrenics businesses despite poor economic and market conditions, CEO Roberto Gualdoni said on Monday.
“We can enjoy the benefits of bringing these things together,” Gualdoni said.
Styrolution is making progress in aligning its new production and product portfolio, he added. “We are happy with it.”
He was speaking on the sidelines of the 46th European Petrochemical Association (EPCA) meeting.
Styrolution management had planned a two to three year transition period through which assets, products and business process would be realigned. The arms-length joint venture producer was launched at the start of October last year.
Technology cross-fertilisation will be important, Gualdoni said, and can help drive production and utilisation efficiencies on a plant-by-plant basis.
A new enterprise resource planning (ERP) management system will replace up to seven legacy systems through 2013.
Gualdoni confirmed that the INEOS styrenics plants at Marl in Germany, which supply the venture with styrene monomer, general purpose polystyrene (GPPS) and high impact polystyrene (HIPS), will close as planned on 15 October. The plants will be dismantled, he said.
Styrolution’s production facilities will largely be in the first and second quartile following the closure of these commodity facilities, he added.
The annual EPCA meeting runs from 6-10 October
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