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05-10-2001: In pursuit of a strategy of expanding its specialty polymer activities into a global business, BASF is to build a worldscale plant to produce Styrolux® (SBS), a styrene-butadiene-styrene copolymer resin, at Altamira
in Mexico. The plant, which will have an initial capacity of 45 000 metric tons, is scheduled to start producing at the start of 2003 and will supply customers mainly in the NAFTA countries and South America.
Styrolux's special properties come from a combination of transparency and impact strength, making it particularly suitable for food packaging such as film wrap and drinking cups. Other applications include
injection-molded articles such as coat hangers.
Commenting on the project, Dr. Werner Prätorius, head of BASF's Styrenic division, said: "This investment will give us better access to the world's biggest SBS market". Furthermore, Prätorius views specialty
resins as an important complement to the company's bulk plastics activities, which are more influenced by commodity pricing.
The Altamira plant is part of a wider programme of investment in Styrolux capacity in Antwerp and Ludwigshafen designed to meet the above-average growth in demand for this product. A few days ago work on
expanding a plant in Antwerp was completed, rising capacity there to 35 000 metric tons from 20 000 metric tons. Early next year Antwerp will see a new 30 000 metric ton facility come on stream, while this year in
Ludwigshafen capacity is due to be boosted from 15 000 to about 20 000 metric tons.
The entire investment programme will cost more than EUR 75 million. "This considerable sum shows just how confident we are about the future growth prospects of our Styrolux business", underlines Prätorius.
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