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Automotive, electronics and consumer goods are among the growth drivers driving the demand for engineering plastics in India
.
This has prompted global suppliers to expand their presence in the Indian subcontinent, including BASF and Covestro
.
BASF is increasing its Ultramid polyamide (PA) grade capacity in Panori, Gujarat, which is expected to start production in the fourth quarter of 2022
.
"The additional capacity reaffirms our determination to be our customers' preferred polyamide supplier and will help us meet the rapidly growing demand for Ultramid polyamide grades in India
.
This will correspondingly shorten local lead times and help us better meet the needs of OEMs,
” said Andy Postlethwaite, Senior Vice President Performance Materials Asia Pacific at BASF
.
BASF is also increasing its PA capacity in Pasir Gudang, Malaysia, and it will also expand its Ultradur polybutylene terephthalate (PBT) capacity
.
The two expansion projects should be completed in the second quarter of 2023 and will add a total of 5,000 tonnes of annual capacity
.
“The additional capacity will help us meet the strong market demand for Ultramid PA and Ultradur PBT products and strengthen our market position, especially in ASEAN,” Postlethwaite said
.
The ASEAN engineering plastics market is expected to grow between 2020 and 2030.
will grow at a rate of about 5% per year
.
Covestro recently held a new opening of a polycarbonate (PC) compounding line at its Greater Noida facility in India
.
The plant has undergone several debottlenecking efforts in the past
.
As of 2017, it was able to support about 50% of Covestro's domestic sales, while the rest of the capacity came from the Map Ta Phut factory in Thailand
.
In order to build a resilient business, a capacity expansion project was launched in 2017
.
This is Covestro's first major project in India since it was spun off from Bayer in 2015
.
With the commissioning of two new compounding lines, production capacity has more than doubled
.
