08-Aug-16 Mangalore Refinery and Petrochemicals Ltd (MRPL), which is planning to expand market for polypropylene, is targeting to sell around 0.44 mln tons (mt) of polypropylene a year, as per The Hindu. The 28th annual report of MRPL for 2015-16 said that the company has successfully penetrated the polypropylene market in a short span of nine months with a sales volume of 0.139 mt and sales value of ?1,039 crore. The company is in the process of expanding its market reach in order to sell 0.44 mt of polypropylene a year.
To leverage the highly profitable polypropylene and to position MRPL as a niche player, comprehensive pricing of various grades of polypropylene has been put in place along with customer enrolment activity. Del Credere Agents cum Consignment Stockist has been appointed to partner MRPL in addressing major demand clusters in the south and west of India. The aromatics complex of OMPL, which produces paraxylene and benzene in Mangalore Special Economic Zone, started its operations from October 1, 2014. OMPL’s aromatic complex has the capacity to produce 0.914 mln tpa of paraxylene and 0.283 mln tpa of benzene.
