The 50:50 joint venture between Styron and Sumitomo Chemical is being renamed Sumika Styron Polycarbonate Limited (SSPC). Company name change activities are underway and are expected to be fully effective as of April 1, 2011.
Styron announced in October that it assumed ownership of the 50 percent share that was formerly owned by The Dow Chemical Company, following Dow’s divestiture of Styron to Bain Capital Partners in June 2010.
The joint venture will continue to be headquartered in Tokyo, and will continue to serve its customers and market polycarbonate products in Asia Pacific.
The joint venture has begun communicating the company name change to its customers through letters and direct communications. Customers of the joint venture can expect minimal changes and continue to rely on the same team of commercial representatives and technical experts to support the same products and technology.
Styron is a leading global materials company, dedicated to innovate and deliver for its customers. Styron's unique and balanced product portfolio brings together plastics, rubber and latex businesses that share feedstocks, operations, customers and end users. Styron has a leadership position in its two flagship products, polystyrene and latex. The company benefits from global scale, a long-standing tradition of unrivaled customer relationships and a robust innovation pipeline. Styron has approximately $5 billion in revenue (2010), with 20 manufacturing sites in all geographies. Styron's 2,100 employees are committed to listen to customers' needs and provide them with innovative and sustainable solutions in markets such as appliances, automotive, building & construction, carpet, commercial transportation, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. More information about Styron can be found at www.styron.com.