Mark Thomas 2024-11-08 08:25:41
Ineos has announced plans to permanently close its acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) production site at Addyston, Ohio, by mid-2025, citing increased competition from cheap imports and a lack of competitiveness.
The company will start the decommissioning process for the site in the second quarter of next year, according to an Oct. 30 statement by its styrenics subsidiary Ineos Styrolution. Ineos said Styrolution would continue to serve its North American ABS customers from its other production facilities in North America and elsewhere.
The plant’s ABS capacity has previously been stated by Ineos at approximately 180,000 metric tons per year. “Over the past few years, we have seen the ABS market become increasingly competitive, particularly with growing competition from overseas imports,” said Steve Harrington, CEO of Ineos Styrolution and Ineos ABS. “After a thorough analysis, we concluded that the substantial investment needed to continue operations and achieve profitable cost competitiveness makes this site no longer economical,” he said.
The complex at Addyston produces ABS and SAN polymers used in a variety of applications and industries, including automotive, household, healthcare and construction, according to Ineos.
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