By: ICN Bureau
Last updated : November 01, 2022 7:25 pm
The company is undertaking Capex for enhancing Masterbatches and Compounds and XPS capacities at Amdoshi Plant to cater to the additional demand and brownfield expansion at Chennai is nearing completion and the commissioning is likely to take place by end-November ’22
Supreme Petrochem Limited (SPL), manufacturer of Styrenics and Expandable Polystyrene (EPS) is planning a Capex of Rs. 1,200 crore to cater to additional demand.
SPL's brownfield expansion for enhancing its existing Polystyrene, EPS capacities at its Amdoshi Plant, Raigad, Maharashtra is complete and is awaiting Consent to Operate (CTO) from the State Pollution Control Board.
The company is undertaking Capex for enhancing Masterbatches and Compounds and XPS capacities at Amdoshi Plant to cater to the additional demand and brownfield expansion at Chennai is nearing completion and the commissioning is likely to take place by end-November ’22.
The company has entered into an agreement for License and Basic Engineering Design with Versalis for Mass ABS which is the favoured engineering plastic when it comes to application in automotive parts. Basic engineering package for the first line of this plant is under preparation. Negotiations are underway with Versalis to advance the second train of Mass ABS so as to complete both lines by March 2025.
With PS expansion getting completed and increased product availability, SPL will give thrust to exports. SPL expects its exports to reach pre-covid levels by the end of the current financial year.
The company owns and operates production facilities at two locations - Amdoshi and Vangani Village near Nagothane in Raigad, Maharashtra and second in New Manali Town near Chennai in Tamil Nadu. SPL is market leader in Polystyrene and Expanded Polystyrene with market share exceeding 50%. The company exports its products to more than 100 countries.