INEOS Styrolution's Novodur 550 selected by THACO Plastics Components for rear spoiler application

Novodur®550 selected for use in the range of car models manufactured by THACO Plastics Component

Combination of high heat resistance,good process-ability and high impact strength,making it an ideal polymer for rear spoiler application

HANOI,Vietnam,Nov. 16,2021 -- INEOS Styrolution,the global leader in styrenics,announced today that its Novodur 550 has been selected by THACO Plastics Component (TPC),one of the leading OEMs producing key automotive parts for global brands in Vietnam,to be used for rear spoiler application.

THACO’s rear spoiler using INEOS Styrolution’s Novodur® 550 (image courtesy of THACO Plastics Component,2021)

Novodur® is INEOS Styrolution's brand of specialty acrylonitrile butadiene styrene (ABS) copolymers. The product line contains grades with a well-balanced mix of properties,including good impact strength,dimensional stability and heat resistance. It is easy to process and gives a high aesthetic colourful surface appearance. This versatile product line is also available pre-coloured and contains products with many unique features to fit the most demanding applications across industries including automotive,household,electronics,medical and construction.

Mr. Nguyen Hoang Huy,Managing Director,P-CARE Vietnam Group[1],comments "As a supplier to one of most successful automotive manufacturers in Vietnam,it is imperative for us to partner with world class and innovative material suppliers like INEOS Styrolution to provide the right solutions for our customers. The high quality and consistency of INEOS Styrolution's products enable OEMs like TPC to meet the global standards required by well-known car brands. Novodur 550 is the material of choice as it offers high heat resistance,high impact strength,good process-ability and is suitable to be coated with premium paint,offering a luxurious appearance for THACO's cars."

"We are very pleased to partner with THACO Plastics Component and P-CARE Vietnam Group,providing them our best solutions," says Ravi Ponnuswamy,Asia Pacific Specialties Sales Director. "The successful commercialization of this project shows that with the right partnership,Vietnamese automotive manufacturers are well equipped to develop and produce parts in their home country."

[1]P-CARE Vietnam Group is one of the key distributors for INEOS Styrolution's products in Vietnam.

About INEOS Styrolution

INEOS Styrolution is the leading global styrenics supplier,with a focus on styrene monomer,polystyrene,ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience,INEOS Styrolution helps its customers succeed by offering solutions,designed to give them a competitive edge in their markets. At the same time,these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries,including automotive,construction,healthcare,packaging and toys/sports/leisure. In 2020,sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.

For further information,please visit www.ineos-styrolution.com/index.html

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Contact

Hui Boon Kwa

Senior Communications Manager,Asia Pacific

INEOS Styrolution APAC Pte Ltd.

111 Somerset Road

#14-16 to 21 TripleOne Somerset

Singapore 238164

Phone:+65 69338393

Email: huiboon.kwa[at]ineos.com

Internet:www.ineos-styrolution.com/index.html