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

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Image

Silica can replace plastic microbeads

November 19, 2014 6:00 am ET

As cosmetics and soap makers face pressure to remove plastic microbeads from their products, Evonik Industries touts its new silica-based microbeads...    More

Chase Plastics building new Indiana distribution center

November 18, 2014 11:13 am ET

Resin distributor Chase Plastics will invest $5.4 million to build a new distribution center in South Bend, Ind.    More

Image

Dow Corning opens European health care center

November 18, 2014 6:00 am ET

Dow Corning Corp. has opened an expanded health care application center at its European headquarters in Seneffe, Belgium.    More

Image

Bayer flame-retardant PC blends keep evolving

November 18, 2014 6:00 am ET

Bayer MaterialScience (BMS) introduced a further development on the back of the 3000 flame-retardant polycarbonate blends it introduced in 2005.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events