Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
May 21, 2015 12:00 AM

Manali Petrochemicals confirms it is to invest in new polyol capacity

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Chennai, India – Manali Petrochemicals confirmed it is planning to increase polyols capacity in an announcement to the Bombay Stock Exchange yesterday  said it is planning to invest up to Rupee 1000bn ($157m) until 2019 or 2020 to increases its polyol capacity from 50kT/year to 150 kT/year, the firm said in a stock market announcement.

    Manali said investment will be on an unspecified brownfield site.

    Manali said it currently has 36kT/year capacity for propylene oxide and 50kT/year existing polyol capacity. To meet increasing domestic demand for polyols, Manili has to use the global merchant market. This is “expensive and affects margin,” Manali said in the announcement.

    The investment is scheduled to complete in stages. The first, due for completion in March 2016 will take polyol capacity from 50kT/year to 75kT/year. Subsequent phases of 25kT/year are planned on an annual basis.

    Manali Chemcials estimates the Indian market for polyols is around 500kT/year and said it is “dominated by transnational petrochemical companies such as Dow, Shell, Bayer, BASF and Huntsman.”

    Ashwin Muthiah, Manali Petrochemical chairman and chairman of Manali’s parent company Ashwin Muthiah International said: “The move will give Manali Petrochemicals significant scale and ability to further penetrate the market. The latest technology will ensure efficient and global manufacturing best practices.”

    The notification to the Bombay Stock Exchange adds details to a story broken by UTECH-polyurethane.com at UTECH 2015 in Maastricht, the Netherlands.

    Recommended for You
    Joerg Palmersheim at Polyurethanes Technical Conference
    Isopa: Reach regulations could extend to all isocyanates
    Stepan gains its first ISCC Plus certification
    Stepan gains its first ISCC Plus certification
    Foamer Eagle Industries issues Warn notice of potential layoffs
    Foamer Eagle Industries issues Warn notice of potential layoffs
    Latest Issue
    urethanes technology
    Get the latest edition here
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe