Styrenix Performance Materials Ltd.

BSE: 506222 | NSE: STYRENIX
Small Cap | Chemicals
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Styrenix Performance Materials awards contract to Mott MacDonald

Date: 05-02-2024

Styrenix Performance Materials has awarded contract to Mott MacDonald for engineering consultancy for Brownfield Expansion Project to increase the annual capacity of ABS from 85 KT to 210 KT. The said contract is expected to be executed in 6 months from the date of LOI.

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.