Styron (company)

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Styron
Type Corporation
Industry Manufacturing
Headquarters Berwyn, PA, United States,
Products polystyrene, copolymers (ABS, SAN), polycarbonate, compounds & blends and expanded polystyrene, styrene, latex, low cis/high cis polybutadiene rubber, cold polymerized emulsion styrene butadiene rubber, solution styrene butadiene rubber
Website Styron

Company Profile[edit]

Styron is a plastics, rubber, and latex company owned by Bain Capital. Christopher D. Pappas is the current President and CEO.[1] Its products primarily serve the automotive, appliances, packaging, electronics, paper & board, carpet, and tire industries, among others.[2] It was formed in August 2009 when Dow Chemical Company combined several of its businesses--styrenics; polycarbonate and compounds & blends; Dow Automotive plastics; emulsion polymers (paper and carpet latex); and synthetic rubber[3]—for the purpose of selling them.[4] Several private equity firms bid on Styron, including TPG Capital, Apollo Management, and Lotte Group.[5][6] On March 2, 2010, Bain Capital announced that it would purchase the newly formed company for $1.63 billion,[7] with Dow retaining a 7.5% stake. The sale was finalized in June 2010.[8]

Styron's annual revenue is approximately $5.54 billion.[9] Styron was the #67 ranked chemical company globally in 2011, posting sales of $6.193B.[10] Styron also owns a 50% stake in North American polystyrene producer American Styrenics LLC, a joint venture based in the Woodlands, Tex.[11]

Styron comprises approximately 2,100 employees[12] in 30 countries.[13] Styron is headquartered in Berwyn, Pennsylvania.[12]

Products and Applications[edit]

  • Styron produces polystyrene co-polymers (ABS, SAN) and expanded polystyrene primarily used in packaging, food applications and home appliances.[14][15][16]
  • Styron produces styrene butadiene latex, which is applied as a coating on coated paper.[17]
  • Styron produces functionalized solution styrene butadiene rubber (SSBR) for use in high performance tires, and opened a new 50,000 metric ton production unit for production of SSBR in Schkopau, Germany in late 2012.[18] Styron also produces polycarbonate compounds and blends primarily used in automotive applications, medical devices and LED lighting.[19]
  • Styron's LGF polypropylene resin was instrumental in Ford Motor Company's development of an innovative headlamp bracket, which was awarded a 2012 Society of Plastics Engineers Innovation for Safety Award, and Styron's material solutions have also contributed to the design of the first, "thermoplastic lift-gate solution" in the new Renault Clio.[20]

See also[edit]

References[edit]

  1. ^ Barone, Jennifer (September 2012). "Building a Better World [One Atom at a Time]". Discover Magazine: 62. Retrieved 14 April 2013. 
  2. ^ "Dow divests Styron business". Zacks Investment Research. March 9, 2010. Retrieved August 27, 2010. 
  3. ^ "Dow Closes Sale of Styron Division to Bain Capital for $1.63 Billion". Dow Chemical Company (press release). June 17, 2010. Retrieved August 27, 2010. 
  4. ^ "Dow puts new Styron business up for sale". Canadian Plastics. August 3, 2009. Retrieved August 27, 2010. 
  5. ^ Mccracken, Jeffrey; Lattman, Peter (March 1, 2010). "TPG in lead for Dow Chemical group". Wall Street Journal. Retrieved August 27, 2010. 
  6. ^ "Lotte Group Considering Buying Dow Chemical Unit Styron". Fox Business. January 7, 2010. Retrieved August 27, 2010. 
  7. ^ "Bain Capital to buy Dow unit for $1.63 billion". New York Times. March 2, 2010. Retrieved August 27, 2010. 
  8. ^ "Dow Closes Sale Of Styron Division To Bain Cap For $1.63 Billion". Dow Jones Newswires. June 17, 2010. Retrieved August 27, 2010. 
  9. ^ Berlin, Andrew. "Trinseo’s 4Q12 EBITDA tracks low end of management guidance, improves year-over-year". Debt Wire. Debtwire.com. Retrieved 14 April 2013. 
  10. ^ Davis, Nigel (September 10–16, 2012). "ICIS Top 100 Chemical Companies 2012". ICIS Chemical Business. p. 33. 
  11. ^ Esposito, Frank (December 6, 2010). "Styron ties material innovations to markets". Plastics News. 
  12. ^ a b "New headquarters, new name: Styron to become Trinseo". April 22, 2011. Retrieved January 22, 2012. 
  13. ^ "Styron L.L.C. to move headquarters to Philadelphia area". Philadelphia Inquirer. July 24, 2010. Retrieved August 27, 2010. 
  14. ^ Gerrard, Peter. "Styron calls for new approach in European PS pricing". ICIS.com. ICIS.com. Retrieved 17 April 2013. 
  15. ^ "New ABS resin from Styron". MRCplast.com. MRCplast.com. Retrieved 17 April 2013. 
  16. ^ Staff. "New EPS grades from Styron". http://www.europeanplasticsnews.com/. http://www.europeanplasticsnews.com/. Retrieved 17 April 2013. 
  17. ^ Kemppainen, Jouni (3/12/2012). "The Chinese premiere of curtain coated linerboard". Results Pulp and Paper. Retrieved 14 April 2013. 
  18. ^ "Viewpoint". Rubber World. January 2013. Retrieved 14 April 2013. 
  19. ^ Lindway, Martin. "Cleanroom resin production supports medical device manufacturers". Medical Design. Penton Media, Inc. Retrieved 14 April 2013. 
  20. ^ Volkova, Margaret. "Styron LGF polypropylene resin helped Ford to get an award". Styron LGF polypropylene resin helped Ford to get an award. Market Report Company. Retrieved 19 April 2013.