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Mitsubishi expanding Indian footprint with PVC business acquisition

Japan’s Mitsubishi Chemical Corp. (MCC) is acquiring the PVC compound business of WelsetPlast Extrusions Pvt. Ltd, a Mumbai, India-based plastics specialist.

Welset currently has two masterbatch and PVC compounds businesses and MCC expects the acquisition of the PVC business to be completed by the fourth quarter of this year.

According to Tokyo-based MCC, Welset’s PVC compound business has a “leading” market share in India’s medical segment, and a solid presence in the ASEAN markets in general.

The Japanese supplier is already active in the Indian market, manufacturing and supplying thermoplastic elastomers in India.

The company has indicated that it is also expanding its TPE business for automotive applications in India, focussing mainly on airbag covers.

With the acquisition, MCC expects to find a foothold in the medical PVC compound business, while improving its existing PVC and thermoplastic elastomers businesses in India and ASEAN markets.

The acquired business has a production plant in Silvassa, west India, and manufactures medical devices, electrical wires and cables. As of 1 June, the plant has 100 employees.

(, 26 June 2018)

Covestro Strengthens its Global Film Production

Covestro intends to expand its global production capacities for special films, to meet the growing demand in all regions.

The company plans capacity expansions at its site at Map Ta Phut, Thailand, Guangzhou, China, South Deerfield, USA, and Dormagen, Germany.

More so, Covestro will invest more than •100 million to expand any associated infrastructure and logistics. Current plans are anticipated to create over 100 jobs across the world for the operation of the new plants.

Speaking about the plans, Dr Markus Steilemann, CEO of Covestro, said: “With this capacity expansion, we are investing in promising technologies and applications. The innovative hightech materials offer solutions for future challenges and deliver their contribution to making the world a brighter place."

"We want to expand our global film production as quickly as possible to meet the growing demand in the regions," explains Michael Friede, global head of the Coatings, Adhesives and Specialties segment. "With modern and efficient production facilities, we want to offer our customers growth opportunities and strengthen them in their competitive environment."

At the Guangzhou site in China, Covestro’s focus will initially be on converting the existing coextrusion line. New capacities are expected to be available by the middle of 2019 with a second phase already planning to be scheduled.

Dr Thorsten Dreier, global head of the Specialty Films business, said: “With these expansions we create the conditions to meet customer requirements more flexibly and quickly. Our tailor-made products enable versatile applications in various industries.”

(, 20 July 2018 )

Other News

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India, US move a step closer : Trade Issues including Medical Devices





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