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LyondellBasell widens cooperation with Hyundai in India

December 18/2009

December, 18 ( -- In a step towards realising its investment plans in India, LyondellBasell (Rotterdam/The Netherlands) has signed an agreement with Hyundai Engineering Plastics (HEP, Dangjin-Gun/South Korea) to manufacture its Hostacom and Hifax polypropylene compounds at HEPs plant in Chennai, Tamil Nandu/India. 

The agreement widens the existing cooperation between the two companies, dating back to 2006, when LyondellBasell undertook to produce, market and sell HEPs Supol materials in North America and Europe.

      MRC Reference

LyondellBasell.  The share in the Russian market in 2008:
 PE  - 1.4% (including HDPE - 2.5%, LDPE 0.3%);
 PP 4.1% (including block-copolymers - 9.5%).

Annual sales growth in Russia, during the recent 5 years:
 PE - 27%;
 PP 88%.

The leader in the following polymers processing technologies:

 pipe extrusion;

 film extrusion;

 injection molding.



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