Midland, MI - December 04, 2007
Dow’s Engineering Plastics business announced it is exiting ABS (Acrylonitrile Butadiene Styrene) and SAN (and Styrene Acrylonitrile) sales in the Americas for all non-automotive markets by February 1, 2008. Dow ABS/SAN assets in Europe are not impacted by this announcement.
“This decision has been made after a thoughtful and prudent assessment that clearly indicated the fundamentals of the market do not support our continued involvement,” said Mark Remmert, Engineering Plastics Business Director, Dow. “It is the ultimate intention of the ABS business to convert the Allyn’s Point (Gales Ferry, Conn.) and Hanging Rock (Ironton, Ohio) trains to polystyrene production and include them in the proposed styrenics Joint Venture between Dow and Chevron Phillips Chemical.
Mass ABS production in Midland, Mich., will continue in support of the automotive industry and be marketed exclusively through Dow Automotive. All products will be supplied from the Midland, Mich. plant.
ABS and SAN are plastics used in a wide variety of applications within the construction, automotive and durables markets.
About Dow
For Editorial Information:
Barbra Korol
The Dow Chemical Company
+1-989-638-7746
Elizabeth McDonnell
Gibbs & Soell
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emcdonnell@gibbs-soell.com
