MOSCOW (MRC) -- Styrolution, the global leader in the styrenics industry, has inaugurated a new line for the high performance styrenic specialty product Absolan at its Katol site located in Gujarat, India, reported the company on its site.
The new 40,000 mt line intends to meet the growing demand for Absolan across key growth industries in India, such as household, electronics, automotive. Absolan customers will benefit from improved local service and greater security of supply.
The new Absolan line augments Styrolution's current 60,000 mt production capacity in India bringing the total annual production capacity to 100,000 mt.
The move to increase domestic supply of styrenic specialties in India aligns with Styrolution's Triple Shift growth strategy, which puts a greater focus on higher growth industries, styrenic specialties and ABS Standard, and emerging markets.
Roberto Gualdoni, CEO, Styrolution: "India is one of the key strategic markets in Asia where Styrolution plans to accelerate growth and expand its footprint. This new line enhances Styrolution's capability to offer customers the high-performance styrenic specialities with the product and service quality they have come to expect. Ultimately, the expanded capacity paves the way for further growth together with our customers in India."
As MRC informed previously, in line with this strategey the company announced its two initiatives in October 2013: a planned joint venture with Braskem to produce ABS standard and ABS specialties in South America, and new AMSAN specialty production at Styrolution's plant in Altamira, Mexico.
Absolan is the brand name for Styrolution's styrene acrylonitrile copolymer (SAN) in India, commonly used in applications, such as household appliances, stationery, cosmetic packaging and general injection moulding. It is also used in acrylonitrile butadiene styrene (ABS) compounding for applications across various industries, such as automotive, household, electronics, construction and healthcare.
The Styrolution Group GmbH is a global provider of styrenics , headquartered in Frankfurt am Main. The company is a joint venture between BASF (50%) and INEOS (50%), were merged into the main styrene operations of the two partners. Its main focus is on the production of monomer, polystyrene, styrenic specialties, and ABS. The company offers styrene plastics for a variety of everyday products from different industries, such as automotive, electronics, construction, household, leisure, packaging, medicine and health.