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People & Business :: Earnings/Finance
Styron lowers latex capacity on declining demand
7:57 PM MDT | July 26, 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...
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