By: RUBBER & PLASTICS NEWS
March 20, 2014
Addivant LLC has completed the first phase of capacity expansions at Gulf Stabilizes Industries in Al Jubail, Saudi Arabia.
GSI is a joint-venture between Middlebury, Conn.-based Addivant and Zamil Chemical and Plastic Holding Co., a leading industrial manufacturing company in Saudi Arabia.
When complete, the firm said the production capacity of hindered phenolic antioxidants — Anox 20 and Anox PP18 — along with its phosphate antioxidant Alkanox 240 will double to 10,500 metric tons.
GSI’s board of directors recently unveiled plans to expand production of Anox NDB product line to 24,000 metric tons per year to meet growing demand for a range of higher performing products.
“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,” said Peter Smith, Addivant CEO and GSI chairman. “GSI remains the only local manufacturer of antioxidants, and we are committed to support our customers with innovation, security of supply and overall value.”
Addivant develops customized solutions for enhanced application performance, safe handling and reduction in cost of use. It operates 11 plants on five continents, as well as research, manufacturing and sales facilities around the globe.
Zamil ChemPlast manufactures specialty chemicals, plastic processing and industrial rubber products among other product lines.