49.65 (2.17%) 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.