INEOS Styrolution announced today that it has entered into a definitive agreement to sell its acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) production site in Map Ta Phut, Thailand to Styrenix Performance Materials Limited (“Styrenix”).
Under the terms of the agreement, Styrenix will acquire INEOS Styrolution’s 100% equity interest in INEOS Styrolution (Thailand) Co., Ltd. The transaction is expected to close in early 2025.
Media contact
Caroline Huang
caroline.huang[@]ineos.com +86 139 177 13817
ABOUT INEOS STYROLUTION
INEOS Styrolution is the world’s leading styrenics supplier, with a high-performing portfolio of styrene monomer, polystyrene, ABS and advanced styrenic products. With more than 90 years of innovation in materials science, INEOS Styrolution is focused on customer satisfaction with differentiated solutions that provide a competitive edge as well as investments in technology that enable closed loop recyclability for styrenics while reducing our carbon emissions. INEOS Styrolution applications can be found in many everyday products across multiple industries: including automotive, electronics, household, construction, healthcare, packaging, and toys/sports. Operating 17 production sites in nine countries, the company is a wholly owned subsidiary of INEOS Group Limited and employs approximately 3,000 people. Sales were 4.5 billion euros in 2023.