India’s Finolex to expand PVC pipe capacity by 40,000 tonnes

06 February 2012 09:43  [Source: ICIS news]

NEW DELHI (ICIS)--Finolex Industries plans to expand its polyvinyl chloride (PVC) pipe capacity by setting up a 40,000 tonne/year unit at Vadodara in Gujarat by June 2012, a company source said over the weekend.

“About 25% of this new capacity (10,000 tonnes/year) will be chlorinated-PVC (C-PVC) pipes, which are in high demand in the country currently,” the source said on the sidelines of the 8th PlastIndia exhibition at New Delhi which runs from 1-6 February.

Demand for C-PVC pipes in India for the fiscal year 2011-2012 is estimated at 27-30,000 tonnes/year, up 20% from last year, the source said.

The expansion will bring the total pipes capacity of Finolex to 240,000 tonnes/year. The company currently runs two pipes units at Ratnagiri and Pune in Maharashtra state with a total capacity of 200,000 tonnes/year.

Finolex operates two PVC units at Ratnagiri with a total capacity of 260,000 tonnes/year.

Finolex also plans to double its emulsion PVC line at Ratnagiri to 22,000 tonnes/year by the end of the year, a second source said.

“Emulsion PVC demand is currently at 90,000 tonnes/year, but is growing at 8-9% per year, “the source said. The main demand segments are synthetic leather and coir tufting, he added.

Local production of emulsion grade PVC is currently at 54,000 tonnes/year.

Additional reporting by Malini Hariharan

By: Prema Viswanathan
+65 6780 4359

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