October 31, 2024
Citing increasing competition in the ABS market, Ineos Styrolution will close its ABS production facility in Addyston, OH. Decommissioning is set to begin in spring 2025.
The company said it will continue to serve the North American ABS market, including affected customers, through its Styrolution business and Ineos production facilities in North America and within the company’s “global footprint.”
The Addyston site makes acrylonitrile butadiene styrene and styrene acrylonitrile (SAN) polymers for automotive, household, healthcare, and construction applications.
Ineos plans to continue supplying “a comprehensive range of high-quality styrenic polymer grades and ensuring both global availability and local production,” said Steve Harrington, CEO of Ineos Styrolution and Ineos ABS. “Our focus is on the future — we are taking steps to strengthen our position in the near term and ensure a strong foundation for our continued success.”
Among the market pressures influencing the decision is competition from overseas imports, Harrington added. Meanwhile, domestic competition is growing, as well. For example, LG Chem is planning a new three-story customer service center in Ohio’s Polymer Industry Cluster to work closely with its Ohio ABS plant.
“After a thorough analysis, we concluded that the substantial investment needed to continue operations and achieve profitable cost competitiveness makes this site no longer economical,” Harrington explained. “This difficult yet necessary decision is driven primarily by external market conditions and is not a reflection of the performance or dedication of our team in Addyston.”
It’s the second plant shutdown that the company has announced this year: In June, Ineos said it will permanently close its styrene monomer production site in Sarnia, ON, by June 2026.
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