(plastemart) -- With effect from 27 Sept 2012, Indian Oil Corp has announced price reductions of Rs3/kg for HDPE/LLDPE (except LBM). Additionally, price protection has been withdrawn with effect from 27 Sept 2012.
For LBM and PP grades, price has been rolled over and price protection has been extended till 30 Sept or next price revision whichever is earlier.
The Indian Oil's world-class naphtha cracker at Panipat is the largest operating cracker capacity in India. The naphtha cracker comprises of the following downstream units: polypropylene (capacity: 600,000 tpa), high density polyethylene (HDPE) (dedicated capacity: 300,000 tpa) and linear low density polyethylene (LLDPE) (350,000 tpa swing unit with HDPE), mono ethylene glycol(MEG) plant (capacity: 325,000 tpa).
The company's PP unit is designed to produce high quality and high value niche grades including high speed biaxially oriented polypropylene (BOPP) (used for food packaging and laminations), high clarity random co-polymers (used for food containers and thin walled products) and super impact co-polymer grades (used for batteries, automobile parts, luggage and heavy duty transport containers). Polyethylene is used for making injection moulded caps, heavy duty crates, containers, bins, textile bobbins, luggage ware, thermoware, storage bins, pressure pipes (for gas and water), small blow-moulded bottles, jerry cans, etc.
MRC