Acquisition of Chinese Polystyrene Production Sites
Ineos Styrolution Expands Polystyrene Production
Ineos Styrolution signed an acquisition agreement with Total S.A. for two polystyrene (PS) production sites in China.
The deal includes the purchase of the wholly owned Chinese PS business including two production sites in Ningbo and Foshan and two related offices in Guangzhou and Shanghai.
The transaction signals the company’s first production move into China and underlines its commitment to the Asian growth market, as derived from the company’s “Triple Shift” growth strategy.
The Foshan site is located in the Guangdong Province in South China. The Ningbo site is located in the Zhejiang Province south of Shanghai in Eastern China. The annual nameplate capacity of each site is 200 kt per year.
INEOS Styrolution Europe GmbH
INEOS Styrolution Group GmbH
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