en.Wedoany.com Reported - INEOS Styrolution has announced plans to close its polystyrene (PS) plant in Channahon, Illinois, USA, by the fourth quarter of 2026. The plant, with a capacity of 400,000 tons per year, has been in operation since 1960.

CEO Steve Harrington stated that sustained profit pressure and industry oversupply were the reasons for the plant closure. After a comprehensive assessment of market conditions, industry utilization rates, the plant's cost structure, and long-term prospects, the company concluded that continuing operations in Channahon is no longer economically viable.

The company will continue to operate its two other plants in North America, located in Decatur, Alabama, USA, and Altamira, Tamaulipas, Mexico.

Greg Fordyce, President of INEOS Styrolution Americas, stated that the company remains confident in the value polystyrene brings to customers. By concentrating production on fewer, more efficient assets, they are enhancing their ability to reliably serve customers while strengthening long-term competitiveness in a challenging market environment.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com