Belgium’s Solvay to raise speciality polymers capacity in India

18 September 2012 08:49  [Source: ICIS news]

SINGAPORE (ICIS)--Solvay is planning a 70% increase in capacity at its high performance polymers plant at Panoli, India, the Belgian company said on Tuesday.

“Nearly half of this capacity increase has already been implemented and successfully brought on line,” it said in a statement.

“The second phase of the project will be completed by mid-2013 and will allow the plant to continue to satisfy growth in demand,” the statement added, without providing details on the cost of the project and the plant’s current capacity.

The capacity expansion follows Solvay’s announcement last week to acquire controlling interest in India’s surfactants producer Sunshield Chemicals as part of its strategy to expand business in the south Asian country.

Solvay said its Panoli plant produces ultra-high performance chemicals polyetheretherketone (PEEK) and polyaryletherketone (PAEK).

These chemicals are used in a diverse range of applications which spans across many industries, including aeronautic, automotive, medical equipment and reusable medical devices, electronics, oil and gas exploration and production. It also includes process industries such as semiconductor manufacturing like chip testing and wafer processing.

Solvay has been operating its business in India since 2000 and has seven production sites in the country.

By: Tahir Ikram
+65 6780 4359

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