INEOS has announced the permanent closure of its ABS (acrylonitrile butadiene styrene) production facility located in Addyston, Ohio. The decommissioning process will commence in the second quarter of 2025, following a safe and responsible approach that aligns with the company’s commitment to safety for both employees and the surrounding community. Steve Harrington, CEO of INEOS Styrolution and INEOS ABS, outlined the rationale behind this decision, citing increased market challenges and the growing influence of overseas imports, which have significantly altered the competitive landscape for ABS production in North America.

Harrington explained that, after a thorough analysis, INEOS concluded that maintaining operations in Addyston would require a substantial financial investment to achieve profitable cost-competitiveness in the face of stiff global competition. These market forces, he emphasized, made it financially unfeasible to continue operations at the site. The closure, he noted, is a response to external economic conditions rather than a reflection on the performance or dedication of the Addyston team, who have shown unwavering commitment to their work. Harrington expressed appreciation for the workforce’s dedication, underscoring that the decision was made reluctantly, with full awareness of its impact on employees.

INEOS acknowledges the profound effect this closure will have on its employees in Addyston and has pledged to support them throughout the transition. The company is committed to managing the decommissioning process with respect and care, working closely with staff to ensure they are provided with the necessary resources and assistance. Harrington emphasized that INEOS’s top priority continues to be the safety and well-being of its employees, contractors, and the local community, reiterating that safety remains central to the company’s operations, even as it navigates this complex transition.

The Addyston facility is known for manufacturing ABS and SAN (styrene acrylonitrile) polymers, which are widely used in diverse applications across several industries, including automotive, household goods, healthcare, and construction. These materials are valued for their durability, versatility, and cost-effectiveness, making them integral components in the production of a wide range of products. Although the Addyston site will cease operations, INEOS Styrolution remains committed to serving the North American ABS market. The company has outlined plans to continue supplying ABS products to its North American customers from its other regional production facilities and its global network, ensuring consistent service and supply during and after the transition.

Harrington also emphasized that INEOS remains focused on the future, stating that this difficult decision is part of a larger strategy to strengthen INEOS Styrolution’s market position. He highlighted that the company is committed to enhancing its operations, with investments aimed at securing a strong foundation for sustained success. Moving forward, INEOS will continue to prioritize the production of a comprehensive range of high-quality styrenic polymer grades, ensuring both local availability and global access for its customers.

In summary, while the closure of the Addyston facility marks a significant shift, INEOS’s commitment to the ABS market remains steadfast. The company’s long-term strategy involves adapting to changing market dynamics, supporting its workforce, and upholding its dedication to safety and customer service as it works to reinforce its presence in the competitive styrenics industry.