MOSCOW (MRC) -- Sabic Innovative Plastics will invest in a production line for Stamax-brand long glass fiber-reinforced polypropylene (PP) resin at its manufacturing site in Shanghai, reported the company on its site.
Investment or production capacity numbers were not revealed, but the new line is expected to come on stream in H2-2015.
This will be Sabic's third Stamax plant, joining existing facilities in Genk, Belgium, and Bay St. Louis, Miss., according to the statement.
The new China capacity brings Stamax operations closer to customers in Asia, noted Alan Leung, vice president of global and Asia Pacific commercial operations. It also helps respond to growing demands by automakers in the region for lightweight-enabling materials that can help reduce vehicle emissions.
As MRC informed earlier, designed specifically to help customers in the beverage industry reduce transportation losses, Sabic has recently broadened its stretch film portfolio to include one of the first commercially available materials in Europe to combine polypropylene (PP) and linear low density polyethylene (LLDPE).
Sabic is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest public company in Saudi Arabia and the largest company in the Middle East. Sabic is currently the second largest global ethylene glycol producer and is expected to become number one after the introduction of these new projects. Sabic is the third largest polyethylene manufacturer, the fourth largest polyolefins manufacturer and the fourth largest polypropylene manufacturer. It is also the world's largest producer of mono-ethylene glycol, MTBE, granular urea, polyphenylene and polyether imide.
MRC