MOSCOW (MRC) -- Supreme Petrochem, a polystyrene (PS) and expandable polystyrene (EPS) producer in India, intends to impose force majeure on supplies as a result of the lockdown, reported Argus.
Supreme is the largest styrene monomer (SM) importer in India and operates 272,000 t/yr PS and 80,000 t/yr EPS units.
As MRC informed before, in January 2016, Supreme Petrochem received approval for modification of one of the three PS producing lines at the plant in villages Amdoshi, Wangani in the state of Maharashtra into a swing line capable of producing 42,500 TPA of SMMA (Styrene Methyl Methacrylate) in addition to PS.
According to MRC's ScanPlast report, Russia's overall estimated consumption of PS and styrene plastics rose in February 2020 by 14% year on year to 39,890 tonnes. The estimated consumption totalled 80,570 tonnes in the first two months of 2020, which corresponded to the last year's figure. Overall, Russian plants produced 41,060 tonnes in February 2020..
Supreme Petrochem Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 1140.65 Cr.) operating in petrochemicals sector. Supreme Petrochem Ltd (SPL) is India’s largest producer and exporter of polystyrene polymer based in Mumbai, Maharashtra, India. In Indian market it has share of more than 50%. SPL is also the largest exporter of PS from India, exporting to over 93 countries around the globe.
MRC