Addivant sees Saudi polymer project on track
Connecticut (US), March 19, 2014
US-based Addivant, a leading player in the field of polymer additives, has announced the completion of the first phase of capacity expansions at Gulf Stabilizers Industries (GSI) in Jubail area of Saudi Arabia.
GSI is a joint venture between Addivant and Zamil ChemPlast, one of Saudi Arabia's leading industrial manufacturing companies.
Once completed, the production capacity of hindered phenolic antioxidants, Anox 20 and Anox PP18 and, phosphite antioxidant ALK Anox 240 will double to 10,500 metric tons, said the company in its statement.
GSI's board of directors also announced that plans are underway to expand production capacity of the Anox NDB product line to 24,000 metric tons per annum to meet growing customer demand for a range of new, higher performing products.
Peter Smith, the CEO of Addivant and GSI board chairman, said: “We have worked closely with our customers in the Middle East since 2001, when we were the first additive company to invest in the region. Today, GSI remains the only local manufacturer of antioxidants and we are committed to support our customers with innovation, security of supply, and overall value.”
According to him, the rapid expansion of the Middle East polymer industry over the past two decades had been impressive and it will continue in the years ahead with the downstream markets playing an increasingly important role.
“With our breadth of specialty additives and formulation capabilities, we will continue to support our customers in the growth of applications in the automotive, packaging, agriculture, building and construction, and medical markets,” he added.
Addivant maintains its global headquarters in Connecticut, US, with regional headquarters in Jubail; Basel, (Switzerland) and Shanghai (China).
Adel Alghassab, the president of Zamil ChemPlast and GSI board member, said: “By investing in additional capacity and new technology, we are confirming our long term commitment to growth in this sector and support for our local customers in terms of supply and technical innovation.”
"Anox NDB enables multiple polymer additives to be incorporated in non-dusting physical forms. These forms are proven to increase productivity, reduce production costs, advance final product quality, and improve workplace health and safety," he explained.
Using Anox NDB also eliminates the administrative and logistics costs of purchasing individual raw materials, he added.-TradeArabia News Service