Company Overview of Styrolution GmbH
Styrolution GmbH produces styrenics products. It offers polystyrenes, acrylonitrile-butadiene-styrenes, styrene-butadiene copolymers, and styrene-based copolymers and blends. The company serves automotive, electrical and electronics, 3C, packaging, toys, sports and leisure, household, building and construction, health care, and diagnostics industries in South America, the Asia Pacific, Europe, the Middle East and Africa, and North America. Styrolution GmbH was founded in 2011 and is based in Ludwigshafen, Germany. The company has production facilities and sales offices in Ludwigshafen, Germany; Cesano Maderno, Italy; Wyandotte, Michigan; Distrito Federal, Mexico; Sao Paulo, Brazil; Shanghai,...
Carl Bosch Strasse 38
Founded in 2011
Key Executives for Styrolution GmbH
Chief Executive Officer and Member of Management Board
Chief Financial Officer and Member of Management Board
President of The Global Styrene Monomer Business Unit and Member of Management Board
President of Asia Pacific Region and Member of Management Board
Compensation as of Fiscal Year 2012.
Styrolution GmbH Key Developments
Styrolution Group GmbH Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013
May 22 13
Styrolution Group GmbH announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of EUR 1,520.1 million against EUR 1,530.5 million a year ago. Result from operating activities was EUR 40.1 million against EUR 74.0 million a year ago. Income before tax was EUR 40.9 million against EUR 59.0 million a year ago. Net income was EUR 26.8 million against EUR 41.2 million a year ago. Net income attributable to owners of the company was EUR 26.5 million against EUR 40.8 million a year ago. Net cash flows from operating activities was EUR 76.2 million against EUR 0.8 million a year ago. Investments in property, plant and equipment and intangible fixed assets were EUR 15.5 million against EUR 7.7 million a year ago. EBITDA before special items was EUR 93.9 million against EUR 118.7 million a year ago. The decrease mainly results from the comparison with the very successful first quarter of 2012, largely driven by positive flow through. Special items were incurred in the integration of activities. Net debt was EUR 577.0 million. Revenue reduced due to lower polymers sales volumes that were almost offset by higher sales prices.
Styrolution GmbH to Report Q4, 2012 Results on Feb 27, 2013
Jan 30 13
Styrolution GmbH announced that they will report Q4, 2012 results at 10:00 AM, GMT Standard Time on Feb 27, 2013
Styrolution GmbH Announces Management Changes; to Establish a Global Business Unit Dedicated to Styrene Monomer
Jan 7 13
Styrolution GmbH announced new appointments to its management board. Steve Harrington has been appointed president of the global styrene monomer business unit effective February 1, 2013. Mr. Harrington has been working in the styrenics industry since 2005, holding various commercial roles within several INEOS businesses with territorial responsibilities including: Africa, the Middle East and Russia. Most recently, he led the company's styrene monomer business in the Americas. Mr. Harrington currently serves as chairman of the Styrene Information and Research Center. Kevin McQuade has been appointed president, Europe, Middle East and Africa effective March 1, 2013. Mr. McQuade currently serves as president, Americas at Styrolution. During his over thirty-year career, he has held management positions at INEOS Nova, BASF Corporation and Mobil Chemical Company. He will continue to lead the Americas' polymers business on an interim basis until his successor assumes his new role in June 2013. Dr. Alexander Glueck has been appointed president, Americas effective June 1, 2013. Dr. Glueck has a career spanning 19 years at BASF having held management roles in Europe and Asia. He currently serves as the company's senior vice president, global strategy, R&D, and procurement. All three individuals will serve in their new roles on the company's management board together with the board's existing members, Roberto Gualdoni (chief executive officer), Christoph de la Camp (chief financial officer) and Hyung Tae Chang (president, Asia Pacific).
The company will establish a global business unit dedicated to styrene monomer. Regional business units will now focus exclusively on strengthening the company's market position in polymers.
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