Ineos Styrolution expand styrenic polymers capacity in India

Ineos Styrolution to expand styrenic polymers capacity in India

5:54 AM, 10th August 2017
Ineos Styrolution logo

SINGAPORE: Ineos Styrolution has announced plans to increase its compounding capacity for engineering plastics by an additional 34,000 metric tonnes per annum at its Moxi plant located in Gujarat, India.

Expected for completion in 2019, this expansion will grow Ineos Styrolution’s compounding capacity to 100,000 metric tonnes per annum at the site. This expansion will involve a capital expenditure of $20 million (INR 1300 million), which also includes the upgrading of site infrastructure. Additionally, the company has sanctioned a detailed engineering study to evaluate doubling the overall production capacity for ABS in India over the next years.

The planned capacity expansion intends to meet the growing demand for styrenic polymers across key growth industries in India, enabling the company to support our customers’ growth plans and continuing to provide the same high-quality products.

The Moxi plant currently manufactures and supplies acrylonitrile butadiene styrene (ABS) and acrylonitrile styrene acrylate (ASA) for the Indian market. As part of the expansion, two new extruders will be installed at Moxi, in addition to various infrastructure upgrades to support the additional site capacity.

“This expansion follows our earlier R&D facility upgrading investment in Moxi. It will enable us to better support the success of our customers in India by providing them with the best solutions and a stable local supply, therefore paving the way for further growth together,” said Sanjiv Vasudeva, managing director, Ineos Styrolution India Limited.

“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 SAN (styrene acrylonitrile) in India,” added 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. Our investments very much reflect our focus on the overall global market potential for styrenics as well as supporting higher growth regional markets,” added Kevin McQuade, CEO Ineos Styrolution.

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