elgium chemical major Solvay plans to tap emerging opportunities in the growing Indian market to give a big boost to its global businesses. The company is targeting 1,000 tons production of polyetheretherketone (PEEK) in Q3-2015 and aims to capture 15% of the Indian polyamide compound market by 2016.
In particular, the global Specialty Polymers and Engineering Plastics business units of Solvay, which participated in the recently concluded Plastindia 2015, have been taking a lead in the developments of new and expanded polymer chemistries for customer applications in advanced transportation and automotive, healthcare, electrical and electronics, building and construction, energy and consumer goods industries. Both these units are located in Panoli (Gujarat).
The acquisition of PI Polymer, the engineering plastics business of Indian company PI Industries Ltd, in 2011 further strengthened Solvay’s presence in India. In addition to a manufacturing facility, research and development capabilities, as well as a customer base and a logistics network were acquired. “Until then, we were importing Technyl polyamide engineering plastics. However, we rapidly expanded the activity and today we have almost doubled capacity and are on target to capture 15 percent of the Indian polyamide compound market by 2016,” said Jitender Bharihoke, commercial director, Solvay Engineering Plastics.
18-Feb-15 
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