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Ineos divests Spanish ABS group Elix Polymers

19/10/2011


Elix Polymers, the Spanish ABS offshoot of global petrochemicals giant Ineos, is being divested by the group to meet an EU antitrust condition for the formation of Styrolution, the new BASF/Ineos styrenics joint venture.
In June, the EU competition authorities gave a conditional green light to the 50:50 venture which will combine the existing styrene monomer, polystyrene and ABS operations of Ineos and BASF.
Initially, Tarragona-based Elix has been “carved out” from Ineos to form an independent producer of a broad spectrum of natural and pre-coloured ABS grades and ABS specialities, pending its sale to a third party, according to the Spanish firm.
In the short term, the manufacturer of ABS and butadiene-containing modifiers, will continue to offer a broad ABS product range currently under the Ineos ‘Lustran’ and ‘Novodur’ brands.
But in parallel, the Spanish company will re-brand and develop a comparable Elix branded ABS portfolio. It will focus its activities on customised ABS products, pre-coloured ABS and on its established Elix modifier portfolio commercialised since last year, it stated.

Plastics.ru

     








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