我们使用cookie提供个性化定制内容及社交媒体功能,并进行流量分析。我们还会与社交媒体和数据分析合作伙伴分享您使用我们网站的相关信息,后者可能会将其与您所提供的其他信息或从您使用其服务而收集的信息相结合。
接受全部
定制
Please check an answer for every question.
We use cookies to personalise content, to provide social media features and to analyse our traffic. We also share information about your use on our site with our socal media and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services.

08/10/2018 News

Total sells its polystyrene business in China to Ineos styrolution

Total has accepted an offer from INEOS Styrolution, the leading global styrenics supplier, to acquire its polystyrene business in China. It includes in particular two facilities with a production capacity of 200,000 tons per year each, located in Ningbo, Zhejiang Province, and in Foshan, Guangdong Province.

In a highly competitive polystyrene market, Total considered it did not have the required critical mass in China, unlike its positions in Europe and the United States.

“The sale is in line with our active portfolio management strategy” commented Bernard Pinatel, President, Refining & Chemicals at Total. “Our polystyrene business will be now focused on Europe and North America, two markets where we are the No. 2.”

INEOS Styrolution has made clear commitments to maintain the business and jobs and meet commitments to customers.

The transaction is subject to the approval of the relevant regulatory authorities.