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Styrolution posts record profit on strong styrene, PS margins, optimistic for 2014

8:57 AM MST | February 27, 2014 | Natasha Alperowicz

Styrolution (Frankfurt), the global leading producer of styrenics jointly owned by BASF and Ineos, today announced record profits for 2013. Ebitda before special items for the full-year 2013 rose 32.2% to €442 million ($577.4 million) on sales 2.5% down at €5.8 billion. The company says that the Ebitda exceeds any other year in the history of Styrolution and its heritage styrenic businesses. A key contributor to Styrolution’s strong showing in 2013 was the company’s synergy and integration program, strong styrene and polystyrene (PS) margins...

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