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Styron cuts styrene butadiene latex capacity in Europe on declining demand

7:58 PM MDT | July 26, 2013 | Natasha Alperowicz

Styron Europe (Horgen, Switzerland), leader in the production of styrene butadiene (SB) latex, has reduced SB latex capacity in Europe, the company announced today. Styron reduced production by a combined 70,000 m.t./year at plants located at Hamina, Finland; Rheinmunster, Germany; and Terneuzen, the Netherlands.
  
The shift in production is in response to the current overcapacity in the European marketplace, Styron says. 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, it says. Asked whether the capacity reductions are permanent, Styron said that they are 'for the foreseeble future'. "While it is possible to increase capacity, we would have to see a very significant increase in demand for latex from the European paper industry in order to justify this," the company says.
 
 “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”, says Christian Page, business director/Latex in Europe, Middle East, India and Africa. “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,” he says.
 
 












 
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