LyondellBasell acquires PP compounding assets in India

“Our investments in India demonstrate LyondellBasell's continued focus on strategic growth projects that increase our competitive advantage and provide a strong return on assets. We are proud of the high-quality products we provide to the automotive manufacturers, and our expansion in India underscores our commitment to meeting customer needs globally,” said Bhavesh Patel, CEO and chairman of the management board of LyondellBasell.

LyondellBasell has supplied the Indian market through imports and tolling arrangements since 2009. In October 2015, LyondellBasell acquired SJS Plastiblends pvt. ltd.'s PP compounding business which is located in Aurangabad, Maharashtra. With the acquisition of Zylog's manufacturing operations in Sinnar, Maharashtra, and Chennai, Tamil Nadu, LyondellBasell is now the third largest producer of PP compounds in India with an annual capacity of 44,000 metric tons (97 million pounds).

In addition to the already existing product lines offered at these sites, LyondellBasell will produce its Hostacom glass fiber-reinforced, mineral filled and unfilled colored grades as well as Hifax high impact thermoplastic olefins. (NA)

LyondellBasell