IHS Chemical Week

Chemweek's lab

Styron lowers latex capacity on declining demand

1:35 PM MDT | May 20, 2013 | —Natasha Alperowicz

Styron Europe (Horgen, Switzerland), a leader in the production of styrene butadiene (SB) latex, says it has reduced SB latex capacity for an indefinite period in Europe. Styron cut production by a combined 70,000 m.t./year at the company’s Hamina, Finland; Rheinmünster, Germany; and Terneuzen, Netherlands, plants.

The shift in production is in response to current overcapacity in the European marketplace due to declining demand in the region’s paper-coating market. The capacity reductions are “for the foreseeble future,” Styron tells CW. “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, Europe, Mideast, 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 products and services based on SB latex and alternative chemistries for our customers within the paper, carpet, and performance material markets,” he says.

contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa