Haldia Petrochemicals plans to invest Rs 800 crore to expand polymer capacity by 30%. Ethylene capacity will be raised to 670,000 tons from the present 523,000 tons. The company plan to manage the funds needed for the expansion through internal accruals.
In 2010, Asia will account for 52% of the global ethylene capacity from 39%t in 2005 following the shift in petrochemical units from Europe to Asia. The prices in polymers are currently at its peak and could go down with new facilities coming up in Asia, affecting margins. Global margins would drop by 2008-end and the segment would witness a downward cycle in the subsequent three years.
06-Jun-07 
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