MoneyWorks4Me

Styrenix Performance Materials gives contract to Toyo Engineering

29 Jul 2024 Evaluate

Styrenix Performance Materials has awarded contract to Toyo Engineering India for Engineering consultancy for Brownfield Expansion of new HIPS Line at Dahej to increase overall Polystyrene capacity to 150 KT per annum. The said contract is expected to be executed in 7 months. 

Styrenix Performance Materials is the number one producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene and styrene, used for manufacturing home appliances, automobiles, consumer durables and machinery. Absolan(SAN) is a polymerized plastic resin produced from styrene and acrylonitrile, and mainly used for products such as lighting, stationery, novelties, refrigerators and cosmetic packing.


Peers
Company Name CMP
Godrej Industries 1099.30
SRF 2546.45
BASF India 3540.00
Pidilite Inds. 1546.40
Tata Chemicals 663.00
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