Manali Petrochemicals Ltd. (MPL) has commenced production of Note-dome high performance polyurethanes in Chennai. The Notedome division of MPL will cater to the market in the subcontinent and South East Asia.
MPL acquired Notedome Ltd., UK, in September 2016 through its overseas subsidiaries. Notedome, a manufacturer of high performance polyurethanes (PU) for the past three decades, supplies to over 40 countries across the globe.
Over the past decade, the PU industry has seen consistent growth of around 5-6 per cent per annum led primarily by the automobile, construction and footwear sectors. In South East Asia, the growth rates have been even higher.
By introducing the highly specialised cast elastomers of Notedome to the Asian markets, MPL has been instrumental in advancing India’s polyurethane-based CASE (Coatings, Adhesives, Sealants, and Elastomers) industry, according to a statement.
MPL, besides being the sole producer of propylene oxide and also one of the largest producers of base and system polyols in the country, makes polypropylene glycols, a key ingredient in Notedome’s formula. The synergy with MPL has not only allowed Notedome to tap opportunities in the polyurethane industry in Asia, it has created a natural fit within their value chain.
Notedome’s market share in Asia is about 15 per cent. With the right location strategy and favourable market conditions, the Notedome products eye a larger slice of the pie in the coming years, MPL said.
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