01 February 2012 12:31 [Source: ICIS news]
(Recasts, amending headline)
NEW DELHI (ICIS)--Bayer Malibu Polymers plans to double the capacity of its polycarbonate (PC) sheet extrusion plant in Ahmedabad, in India’s Gujarat state, to 4,000–5,000 tonnes/year by 2014, a source close to the Indian PC producer said on Wednesday.
The source was speaking at the sidelines of the six-day PlastIndia 2012 conference, which started on 1 February.
The capacity expansion plan would be in line with the rapidly growing demand for PC sheets, which can substitute glass in many applications, such as window panes of trains and train stations, the source said.
As a result of fast-growing downstream requirements, India’s demand for PC resin is expected to grow at an average of 12–14%/year during 2012–2015, he added.
India’s current PC resin demand is estimated at 130,000–140,000 tonnes/year, the source said.
Bayer Malibu Polymers was not available for comment before publication.
Bayer Malibu Polymers is a wholly owned subsidiary of Germany-based polymers and plastics major Bayer MaterialScience.
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