Completion of the Acquisition in China
Ineos Styrolution Takes over Production Sites from Total
Ineos Styrolution Group GmbH, Frankfurt, Germany, a global styrenics supplier, acquires polystyrene sites from Total S.A., following receipt of all applicable regulatory and legal approvals.
The transaction was agreed on August 31, 2018. It includes the purchase of the Foshan site in the Guangdong Province in South China and the Ningbo site in the Zhejiang Province in Eastern China and two related sales offices in Guangzhou and Shanghai. The annual nameplate capacity of each site is 200 kt per year.
It is the first production move into China for the company. The transaction will increase the company’s manufacturing footprint in Asia, and provides access to the domestic market in China with locally produced materials.
INEOS Styrolution Group GmbH
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