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Styrolution inaugurated its new global and European headquarters in Frankfurt

November 14/2011

(PlastEurope) -- On 11 November, Styrolution (Frankfurt / Germany inaugurated its new global and European headquarters in Frankfurt. The joint venture of BASF (Ludwigshafen / Germany) and Ineos (Lyndhurst /UK) officially began trading as a standalone company on 1 October from BASFs Ludwigshafen headquarters.

At the ribbon-cutting ceremony, CEO Roberto Gualdoni said Styrolutions move to Frankurt is an important sign of its independence. In the new HQ, all global and some EMEA business functions now distributed across several locations will be brought together under one roof.

The company with pro-forma sales of EUR 6.4 bn in 2010 sand 3,400 employees at 17 worldwide sites regards itself as worlds leading producer of styrene monomer, polystyrene, styrene-butadiene copolymers and other styrene-based copolymers as well as copolymer blends. It sees itself as worlds number two player in ABS.

Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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