Styron reduce styrene butadiene latex capacity in Europe

Styron to reduce styrene butadiene latex capacity in Europe

7:10 AM, 3rd May 2013
Styron to reduce styrene butadiene latex capacity in Europe

HORGEN, SWITZERLAND: Styron Europe GmbH, leader in the production of Styrene Butadiene (SB) latex, announced a reduction in the manufacturing capacity for Styrene Butadiene (SB) latex in Europe. Styron reduced production by 70,000 dry metric tonne. The capacity reduction was completed over the past several months across Styron production facilities in Hamina, Finland; Rheinmunster, Germany; and Terneuzen, The Netherlands.

The shift in production is in response to the current overcapacity in the European marketplace. Due to declining demand in the European paper-coating market and current market conditions, a reduction is essential to regain a healthy supply/demand balance.

“The current conditions are no longer sustainable for Styron’s SB latex business in Europe. Therefore, we have taken the necessary steps to make improvements by implementing a capacity reduction in this region. Although there are significant challenges in the current SB latex marketplace, in particular within the ailing European paper industry, Styron is committed to continuing on the path as the leading supplier of solutions based on SB latex and alternative chemistries for our customers within the paper, carpet and performance markets,” said Christian Page, Business Director for Latex in Europe, Middle East, India and Africa, Styron.

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