Styron Announces Latex Capacity Expansion in China

Constructing New Latex Reactor at Zhangjiagang Site

BERWYN, Pa.--()--Styron, the global materials company and manufacturer of plastics, latex and rubber, announced plans to expand its latex capacity with a new reactor at its Zhangjiagang, China, production facility. This expansion will mainly support the demand for latex in China’s paper and paperboard industry, forecast to grow in the next five years.

“The paper and paperboard industries have been using Styron’s latex chemistries for innovative binder coatings for more than 60 years,” said, James Mingyu Ni, Styron Latex Business Director for Asia Pacific. “This investment at Zhangjiagang will allow us to expand our reach in the Chinese marketplace where we have built a reputation for outstanding technical service and product quality. In the past five years, Styron has been involved in the startup of 80 percent of the new coated paper and board mills in China, helping our customers determine optimal product formulations for their paper coating challenges. We look forward to continuing to provide this support to the growing market.”

The new reactor, expected to commence production in the second quarter of 2015, will be Styron’s fourth unit of its kind at Zhangjiagang. It will serve mainly the paper and paperboard and also carpet industries, and complement Styron’s other latex production facilities in the Asia Pacific region in Korea and Indonesia.

“As a world leader in latex technologies, Styron offers a wide range of custom-engineered solutions that improve end-use properties of paper and paperboard, carpet, building and construction materials, and a variety of other products,” said Marco Levi, Senior Vice President and Business President, Emulsion Polymers. “Our goal has always been to help manufacturers compete in the global marketplace through new technologies, by working intimately and confidentially with our customers. The expansion at Zhangjiagang supports Styron’s commitment to the latex business and in particular the Asia Pacific region, which is an important growth region for the company.”

Zhangjiagang is the ideal location for Styron to expand its latex production and offerings in the Asia Pacific region. The company has been operating latex plants on this site for many years, and will continue to benefit from its strategic location, local resources, employees and community support.

About Styron

Styron is a leading global materials company and manufacturer of plastics, latex and rubber, dedicated to collaborating with customers to deliver innovative and sustainable solutions. Styron’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Styron had approximately USD 5.5 billion in revenue in 2012, with 20 manufacturing sites around the world, and 2100 employees. More information can be found at www.styron.com.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release may include, without limitation, forecasts of growth, revenues, business activity, acquisitions, financings and other matters that involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. As a result of the foregoing considerations, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Styron (Hong Kong) Ltd
Peggy Sung, +852 3120 6314
peggysung@styron.com

Release Summary

Styron expands latex capacity to meet demand in China's growing paper and paperboard industry by building a new reactor in Zhangjiagang, China production facility.

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Contacts

Styron (Hong Kong) Ltd
Peggy Sung, +852 3120 6314
peggysung@styron.com