LyondellBasell completes acquisition of ZylogPlastalloys assets

Zylog's manufacturing operations located at Sinnar and Chennai

LyondellBasell, a leading plastics, chemical and refining companies, today announced that it completed the previously announced acquisition of the polypropylene (PP) compounding assets of ZylogPlastalloys Pvt. Ltd. (Zylog) in India. The company entered into a definitive agreement to acquire Zylog's PP compounding assets in November 2015.

With the acquisition of Zylog's manufacturing operations in Sinnar, Maharashtra, and Chennai, LyondellBasell is now the third largest producer of PP compounds in India with an annual capacity of 44,000 metric tonns (97 million pounds), said the company in an announcement.

LyondellBasell has supplied the Indian market through imports and tolling arrangements since 2009. In October 2015, LyondellBasell has acquired SJS Plastiblends Pvt. Ltd.'s PP compounding business which is located in Aurangabad, Maharashtra.

In addition to the already existing product lines offered at these sites, LyondellBasell will produce its Hostacom glass fiber-reinforced, mineral filled and unfilled colored grades as well as Hifax high impact thermoplastic olefins. These compounds are used to manufacture automotive parts, home appliances and other products.

LyondellBasell is the leading PP compounds with an annual capacity of 1.3 million metric tonnes (2.8 billion pounds).