 "LyondellBasell completes acquisition of Zylog's polypropylene compounds biz")
LyondellBasell, one of the world's largest plastics, chemical and refining companies, on April 7, 2016 completed the previously announced acquisition of the polypropylene (PP) compounding assets of Zylog Plastalloys Pvt Ltd. The company entered into a definitive agreement to acquire Zylog’s PP compounding assets in November 2015.
LyondellBasell has supplied the Indian market through imports and tolling arrangements since 2009. In October 2015, LyondellBasell acquired SJS Plastiblends Pvt Ltd’s PP compounding business which is located in Aurangabad, Maharashtra. With the acquisition of Zylog’s manufacturing operations in Sinnar, Maharashtra, and Chennai, Tamil Nadu, LyondellBasell is now the third largest producer of PP compounds in India with an annual capacity of 44,000 metric tonnes.
In addition to the already existing product lines offered at these sites, LyondellBasell will produce its Hostacom glass fibre-reinforced, mineral filled and unfilled coloured grades as well as Hifax high impact thermoplastic olefins. These compounds are used to manufacture automotive parts, home appliances and other products.
"Our investments in India demonstrate LyondellBasell's continued focus on strategic growth projects that increase our competitive advantage and provide a strong return on assets,” said Bhavesh (Bob) Patel, CEO and chairman of the management board of LyondellBasell, which is the world’s largest producer of PP compounds with an annual capacity of 1.3 million metric tonnes.
The manufacturing facilities in India are owned and operated by Basell Polyolefins India Pvt Ltd, a wholly-owned subsidiary of LyondellBasell.
LyondellBasell has supplied the Indian market through imports and tolling arrangements since 2009. In October 2015, LyondellBasell acquired SJS Plastiblends Pvt Ltd’s PP compounding business which is located in Aurangabad, Maharashtra. With the acquisition of Zylog’s manufacturing operations in Sinnar, Maharashtra, and Chennai, Tamil Nadu, LyondellBasell is now the third largest producer of PP compounds in India with an annual capacity of 44,000 metric tonnes.
In addition to the already existing product lines offered at these sites, LyondellBasell will produce its Hostacom glass fibre-reinforced, mineral filled and unfilled coloured grades as well as Hifax high impact thermoplastic olefins. These compounds are used to manufacture automotive parts, home appliances and other products.
"Our investments in India demonstrate LyondellBasell's continued focus on strategic growth projects that increase our competitive advantage and provide a strong return on assets,” said Bhavesh (Bob) Patel, CEO and chairman of the management board of LyondellBasell, which is the world’s largest producer of PP compounds with an annual capacity of 1.3 million metric tonnes.
The manufacturing facilities in India are owned and operated by Basell Polyolefins India Pvt Ltd, a wholly-owned subsidiary of LyondellBasell.
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