19 April 2012 13:43 [Source: ICIS news]
MAASTRICHT, the Netherlands (ICIS)--Gujarat Narmada Valley Fertilizers Co (GNFC), India’s sole toluene di-isocyanate (TDI) producer, is on track to start up its second facility in the fourth quarter of 2012, a company source said on Thursday.
The nameplate capacity of the new TDI plant in Dahej, Gujarat, will be 50,000 tonnes/year, and GNFC plans to export the unit’s output from 2013 to 2015, before domestic demand picks up.
With the new plant in operation, GNFC will produce a total of 67,000 tonnes/year of TDI, the source said from the sidelines of the three-day Utech Europe conference and exhibition.
Domestic TDI demand in India is estimated at 40,000 tonnes/year in 2012, the source said, adding that this figure will grow by 10–15% in coming years.
GNFC plans to export the new plant’s output to regions such as the Middle East and Africa, which are emerging markets for flexible foam.
The company’s existing 17,000 tonne/year TDI plant, located 40km (25 miles) from the second unit, will undergo a three-week shutdown from 14 May.
Robust downstream foam demand, coupled with this scheduled turnaround, has lifted buying sentiment, and GNFC expects a round of increases for its domestic price offers in May.
The company announced an Indian rupee (Rs) 6.00/kg increase for its TDI on 12 April, reaching Rs185.60/kg (€2.73/kg) ex-works (EXW).
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