Styrolution Inaugrates Styrene Acrylonitrile Copolymers Plant in South Korea

SEOUL, South Korea -- Styrolution, one of the global leader in styrenics, announced the inauguration of its Luran S plant located in Ulsan, South Korea. Luran S is the brand name for Styrolutions styrene acrylonitrile copolymers that have been impact-modified with acrylic ester rubber, acrylonitrile styrene acrylate (ASA). The new plant has a capacity of 43,000mt per year, complementing current ASA capacity in Europe and North America, enabling Styrolution to offer customers in the Asia-Pacific region greater security of supply and shorter lead times.

Luran S belongs to Styrolutions specialties portfolio, which is well-known for its innovation, quality and customizability. The product features high thermal stability, good chemical resistance and excellent resistance to weathering, ageing and yellowing. Such properties make Luran S well-suited for outdoor applications in various industries including automotive, electrical & electronics, building & construction, as well as sports & leisure.

"Styrolution excels at helping customers develop customized applications that offer a competitive edge. This new Luran S production line in Ulsan will help Styrolution capture more opportunities in emerging markets, such as the automotive and building & construction industries in Asia where quality and innovation are keys to commercial success," said Hyung Tae Chang, president Asia-Pacific, Styrolution. "The new line will also enable Styrolution to expand our product portfolio in more Asian countries and further strengthen our market position as a global leader in styrenics," added Chang.

About Styrolution

Styrolution is the leading global styrenics supplier with a focus on styrene monomer, polystyrene, styrenic specialties, and ABS. As a joint venture of BASF and INEOS, Styrolution combines the key styrenic assets of two of the largest chemical companies in the world, with world-class production facilities, complementary competencies and portfolios, and more than 70 years of experience. Styrolution helps its customers succeed by offering the best possible solution, designed to give them a competitive edge in their markets. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electrical/electronics, building and construction, household appliances, toys/sports/leisure, packaging, healthcare and diagnostics. In 2011, pro forma sales were at 6.6 billion euros, resulting in an EBITDA before special items of 317 million euros. Styrolution employs about 3,400 people and operates 17 production sites in ten countries.