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        IMA

Mitsui/SKC jv PU solutions house in India for auto market

Mitsui-Chemicals

Mitsui Chemicals & SKC Polyurethanes (MCNS), a 50:50 joint venture of Japanese firm Mitsui Chemicals and South Korean firm SKC Co, is setting up a polyurethane (PU) system’s house in Andhra Pradesh in Southern India to meet an anticipated increase in PU demand.

The systems house will serve as a manufacturing and sales base that provides services such as the adjustment of PU foam material formulations including those derived from polyol, to cater to individual customer needs. It will have a capacity of 13,000 tonnes/year

With a population estimated at 1.3 billion people, India is the world’s seventh largest economic power in GDP terms, with annual economic growth of 7% or higher expected. India produces 4 million cars and 9 million refrigerators annually, and demand for polyurethane is also expected to increase.

Many Japanese and Korean auto and home appliance manufacturers have developed a presence in the country, especially in Southern India, and MCNS says it will expand its business by reliably supplying high-quality PU system products with the system house.

MCNS is a 50:50 joint venture company between Mitsui Chemicals and SKC established by integrating their PU businesses in July 2015.

It supplies PU system products from system houses in ten locations around the world, including the US, Mexico, China and Poland, based on a production capacity of 280,000 tonnes of polyol, 250,000 tonnes of MDI and 120,000 tonnes of TDI.

With the establishment of the system house this time, MCNS will develop its business in India and accelerate the strengthening of its global competitiveness by expanding system house businesses, mainly in areas other than India where high growth is expected, says the firm.

The building is expected to be completed in December and commercial operations to start early 2018.

(IMA)


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