Solvay expanding in India

By Satnam Singh
Correspondent

Published: January 7, 2014 10:08 am ET
Updated: January 7, 2014 11:10 am ET

Related to this story

Topics Materials, Materials Suppliers, Asia
Companies & Associations Solvay SA

MUMBAI, INDIA — Belgian based chemical company Solvay SA is rapidly expanding in India as part of its global strategy of growing in the emerging economies.

India subsidiary Solvay Speciality India Pvt. Ltd. generated sales of around 227 million euros in 2013. "We are targeting to become double in size by 2016," said R. Prakash, the unit's managing director, at the Plastivision 2013 trade show in Mumbai.

Solvay opened a global R&D center in Saveli in the middle of 2012, which focuses on primary research and application development. It currently employs 50, and Solvay plans to increase that to 200 in the next three years.

Currently Solvay has more than 800 employees at eight facilities in India, including the R&D center. The manufacturing plants make specialty polymers, engineering plastics, surfactants and chemicals. Solvay is looking for organic and inorganic growth in India, with M&A efforts focused, in part, on specialty polymers.


Comments

Solvay expanding in India

By Satnam Singh
Correspondent

Published: January 7, 2014 10:08 am ET
Updated: January 7, 2014 11:10 am ET

Post Your Comments


Back to story


More stories

Image

Corbion Purac collaboration taking bioplastics into even more uses

October 17, 2014 6:00 am ET

Corbion Purac NV's collaboration with Taiwan-headquartered compounder Supla Co. Ltd. and Taiwan electronics producer Kuender & Co. is paying...    More

Image

Momentive gearing up for some timely LSR sales

October 17, 2014 10:58 am ET

Momentive Performance Materials Inc. has plenty of time for customers at Fakuma — thanks to colorful new watchbands made with the firm's fiber-...    More

Image

OnePlastics Group brand created to cover seven different plastics firms

October 17, 2014 9:48 am ET

A Dublin-based company is launching a new brand to unify its plastics businesses into a single entity called OnePlastics Group.    More

Image

Evonik sees clear growth opportunities with new Plexiglas Resist resin

October 17, 2014 6:00 am ET

Evonik Industries AG presented a new specialty molding compound during Fakuma in Friedrichshafen with which it plans to exploit the growing demand...    More

Image

Teknor adding second UK production line

October 17, 2014 9:25 am ET

Teknor Apex Co. will add a second thermoplastic elastomer production line at its United Kingdom plant by the end of 2015 to meet growing demand.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events