INEOS Styrolution (Frankfurt, Germany; www.ineos-styrolution.com) announced plans to increase its compounding capacity for engineering plastics by an additional 34,000 metric tons per year (m.t./yr) 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 m.t./yr at the site. This expansion will involve a capital expenditure of $20 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.
Sanjiv Vasudeva, Managing Director, INEOS Styrolution India Limited, says: “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 the best solutions and a stable local supply, therefore paving the way for further growth together.”
“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. ”Our investments very much reflect our focus on the overall global market potential for styrenics as well as supporting higher growth regional markets.”