{"id":8738,"date":"2018-09-03T11:28:33","date_gmt":"2018-09-03T09:28:33","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=8738"},"modified":"2018-09-03T11:28:33","modified_gmt":"2018-09-03T09:28:33","slug":"ineos-styrolution-announces-agreement-to-acquire-two-polystyrene-production-sites-from-total","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=8738","title":{"rendered":"INEOS Styrolution announces agreement to acquire two polystyrene production sites from Total"},"content":{"rendered":"<div class=\"article-heading\"><\/div>\n<p>&nbsp;<\/p>\n<ul>\n<li>The acquisition underlines INEOS Styrolution\u2019s focus on the Asian growth market<\/li>\n<li>The deal will grow INEOS Styrolution\u2019s polystyrene production capacity by 400kt per year<\/li>\n<\/ul>\n<p><b>INEOS Styrolution, the global leader in styrenics, announced today that it signed an acquisition agreement with Total S.A. for two polystyrene (PS) production sites in China. The deal includes the purchase of the wholly owned Chinese PS business including two production sites in Ningbo and Foshan and two related offices in Guangzhou and Shanghai. <\/b><\/p>\n<p>The transaction signals INEOS Styrolution\u2019s first production move into China and underlines the company\u2019s commitment to the Asian growth market, as derived from the company\u2019s \u201cTriple Shift\u201d growth strategy.<\/p>\n<p>\u201cA little more than one year after our first acquisition*, INEOS Styrolution continues to grow its footprint in the Asian market,\u201d says Kevin McQuade, CEO INEOS Styrolution. \u201cNot only does this move allow us to significantly increase our presence in a region with growing demand for polystyrene, it also enables us to provide customers in our core industries with locally produced best-in-class materials.\u201d<\/p>\n<p>The Foshan site is located in the Guangdong Province in South China. The Ningbo site is located in the Zhejiang Province south of Shanghai in Eastern China. The annual nameplate capacity of each site is 200kt per year.<\/p>\n<p>\u201cThis is an important milestone for both INEOS Styrolution and the INEOS Group as it represents our first manufacturing assets in China,\u201d comments Steve Harrington, President Asia Pacific and Global Styrene Monomer. \u201cIn addition, it provides us with a platform to further develop our manufacturing base in China.\u201d<\/p>\n<p>The transaction is subject to approval by the regulatory authorities.<\/p>\n<p>Quelle: INEOS Styrolution<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INEOS Styrolution, the global leader in styrenics, announced today that it signed an acquisition agreement with Total S.A. for two polystyrene production&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-8738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plas-tv-meldungen-auf-der-startseite-unterhalb-slider","category-plast-tv-textmeldungen"],"_links":{"self":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/8738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8738"}],"version-history":[{"count":1,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/8738\/revisions"}],"predecessor-version":[{"id":8740,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/8738\/revisions\/8740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/8739"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8738"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=8738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}