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2006-10-17 News Release
Solvay expands polymers production in Panoli Solvay Advanced Polymers announces that it has decided to expand and upgrade its polymer production facilities in Panoli, Gujarat State, India.
The planned expansion and upgrade will result in the creation of a new,
world-class production unit for polyether ether ketone (PEEK) and other
materials in the ultra performance segment of the specialty polymers business.
The installation will be built to provide for a natural expansion of production,
resulting in a step-wise increase in capacity as warranted by demand.
It will come on stream in the first quarter of 2008, with a production
capacity of 500 metric tons per year of KetaSpire*, the new line of PEEK
products developed by Solvay Advanced Polymers. The R&D center and production plant in Panoli
were formerly operated by Polymers Division of Gharda Chemicals, which
Solvay acquired earlier this year. The successful completion of this acquisition
laid the groundwork for Solvay’s entry into the PEEK
market Solvay
Adavanced Polymers “The expansion of the Panoli plant and the launch of our new KetaSpire PEEK materials are instrumental in our high and ultra-performance polymers strategy,” said Vincenzo Morici, General Manager of the Specialty Polymers Strategic Business Unit, Solvay. “More importantly, our product range is escalating into the upper, most sophisticated category of the polymer performance pyramid. Solvay Advanced Polymers now produces more plastics with more performance than any other supplier in the world,” added Roger Kearns, CEO of Solvay Advanced Polymers. “With these expansion and upgrade plans, we are successfully capitalizing
on the inherent strengths of Panoli, which contributed outstanding talent
to the Group, as well as a prime location at the heart of the world’s
fastest-growing economies,” said Vincenzo Morici. ** Solvay Adavanced Polymers, L.L.C. is a member of the Solvay Group.
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