Ineos Expands Compounding Capacity in India
Ineos Styrolution 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.
The expansion will involve a capital expenditure of USD 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.
These planned investments underline the company’s commitment to its Triple Shift growth strategy with emphasis on focus industries, ABS and Specialties and on growth markets. “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,” comments Steve Harrington, President Global Styrene Monomer and Asia-Pacific.
INEOS Styrolution Group GmbH
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