Ineos Styrolution, the styrenics subsidiary of Ineos, today said that it has sanctioned a detailed engineering study to evaluate doubling the overall production capacity for acrylonitrile butadiene styrene (ABS) in India over the next few years.
The planned capacity expansion intends to meet the growing demand for styrenic polymers across key growth industries in India, the company says.
In addition Ineos Styrolution plans to increase compounding capacity for engineering plastics by 34,000 metric tons/year at its Moxi, near Vadodara, Gujarat plant in India. The expansion, due for completion in 2019, will raise the company’s compounding capacity at the site to 100,000 metric tons/year. The project involves an investment of $20 million, which also includes the upgrading of the site’s infrastructure.
The Moxi plant currently manufactures and supplies ABS and acrylonitrile styrene acrylate (ASA) for the Indian market. It has capacity to produce 120,000 metric tons/year of ABS. As part of the expansion, two new extruders will be installed at Moxi, in addition to various infrastructure upgrades to support the additional capacity.
“India is one of the key strategic markets in Asia where Ineos Styrolution plans to accelerate growth and expand our manufacturing footprint over the next years. The intended doubling of our production capacity in India is being substantiated with a major engineering study and will ultimately give us additional resources to meet the demands of a fast growing Indian market, further enhancing our position as the market leader for ABS and styrene acrylonitrile in India,” says Steve Harrington, president global styrene monomer and Asia/Pacific.
“This investment follows previous growth investments including the acquisition of the global K-Resin business and, most recently, the planned ABS and ASA capacity increase in the Americas,” says Kevin McQuade, CEO Ineos Styrolution. ”
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