MOSCOW (MRC) -- Mexichem, Mexican PVC and specialty chemicals maker, has announced that its Dura-Line Corp. subsidiary has commenced production at a new plant in Hyderabad, India, reported Hydrocarbonprocessing.
The new plant will produce cable ducts and pressure pipes for the water, datacom and gas markets. The new plant is Mexichem’s fourth plant in India, with two other facilities located in Goa, and another in Neemrana, near Dehli.
The location of the Hyderabad plant in South India will allow Mexichem to strategically position itself for exports to Southeast Asia, to serve customers in South India and to capture new business opportunities in the region.
Mexichem says the opening of this plant is part of a continued strategy of becoming a global, vertically integrated chemical company with a focus on high-end specialized products and solutions.
As MRC informed earlier, on 1 December 2014, Mexichem completed the acquisition of Vestolit GmbH. Vestolit will be consolidated under Mexichem's chlorine-vinyl chain for accounting purposes.
Based in Marl, Germany, Vestolit is Europe's only manufacturer of High Impact Suspension PVC (HIS-PVC) for weather-resistant windows and is Europe's second-largest producer of paste PVC for floors and wallpapers. Vestolit also produces alkyl-chlorides, a value-added intermediary used for a variety of chemical and industrial applications and is vertically integrated in a single site from Salt through Specialty PVC. Total installed PVC capacity is 415,000 tons per year.
Mexichem, of Tlalnepantla, an industrial municipality close to Mexico City, is Latin Americaп's largest manufacturer of PVC pipe, vinyl resins and compounds. The company has annual revenues of more than USD5 billion and has been listed on the Mexican Stock Exchange for more than 30 years.
MRC