Trinseo Agrees to Sell 50% Stake in Sumika Styron Polycarbonate JV

Trinseo plans to sell all of its 50% share in Sumika Styron polycarbonate (SSPC) joint venture, to Sumitomo Chemical

Japan: Trinseo Holding, a wholly owned subsidiary of Trinseo S.A., which is a world leading producer of styrenics, has reached an agreement to sell off its complete 50% stake in Sumika Styron Polycarbonate joint venture, to Sumitomo Chemical, a well-established chemicals manufacturer, headquartered at Tokyo, Japan. Sumika Styron Polycarbonate is involved in the production of polycarbonate resins, with production facilities in Niihama City, Ehime, Japan, thereby catering to the needs of entire South Asia market. However, the strategic relationship between SSPC and Trinseo is expected to continue through a continuous supply of polycarbonate resin to Trinseo’s Performance Plastics Business.

Techsci Research depicts that the strategic agreement between the two companies would strengthen Sumitomo Chemical’s penetration in thermoplastic elastomers market across South Asia. The performance business of the company is expected to cater to the growing demand for polycarbonate resins used in thermoplastics elastomer industry in emerging economies of the region, such as India.

According to recently published report by TechSci Research, “India Thermoplastic Elastomers Market By Type (Styrenic Block Copolymers, Thermoplastic Olefins, Thermoplastic Polyurethanes, etc.), By End Use Application (Automotive, Consumer Durables, etc.), Competition Forecast and Opportunities, 2011 – 2025”, the market of thermoplastic elastomers in India is anticipated to grow at a CAGR of around 7% during 2016 – 2025. Styrenic Block Copolymers dominated India thermoplastic elastomers market in 2015, and the segment is expected to continue dominating the market through 2025 owing to its wide range of applications in various industries, ranging from automotive to consumer durables.