Home / Knowledge / News / Textiles / Lyondell to expand polypropylene capacity to 1.2 m tonnes
Lyondell to expand polypropylene capacity to 1.2 m tonnes
19
Jun '08
LyondellBasell Industries has announced plans to expand its global polypropylene (PP) compounding capacity to 1.2 million tonnes per year by the end of 2009, which represents a growth rate of more than 30 percent.

To address rapidly expanding needs in the Asian region, LyondellBasell's Advanced Polyolefins (APO) business has recently relocated its global headquarters to Hong Kong.

"In the coming months, a new 15 KT plant in Guangzhou, China will come on stream," said Paul Yeates, Senior Vice President of LyondellBasell's APO business. "In addition, our Saudi Polyolefins Company joint venture is currently constructing a new compounding plant in Damman, Saudi Arabia. We are also considering additional plant investment options for Russia and India."

Further expansion of the company's existing sites in Suzhou, China; Rayong, Thailand; and Ensenada, Argentina is planned. Yeates added, "By 2010, we aim to operate a global network of 18 PP compounding plants on four continents that delivers 1.2 million tonnes per year of high quality PP compounds to the automotive and appliance industries."

LyondellBasell recently achieved a major milestone in its growth plans by completing the acquisition of Solvay Engineered Polymers, Inc., which consolidated LyondellBasell's PP compounding position in North America.

"The global reach of our PP compounding facilities is unmatched by other producers," said Yeates. "To further enhance our worldwide market leadership position in the automotive sector, we will continue to strengthen our capabilities and assets in the regions where our customers are investing, and where we see high demand for our quality materials and services."

Yeates added, "Due to the resins' cost competitiveness, superior performance and high value-in-use, LyondellBasell's PP compounds continue to be selected for entirely new applications that include a variety of automotive components such as bumpers, interior and exterior trim, and under-the-hood parts, and also include a multitude of electrical appliance components."

LyondellBasell Industries

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search