Mitsui Chemicals, SKC to establish polyurethanes systems house in India
Mitsui Chemicals & SKC Polyurethanes (MCNS), a 50-50 joint venture (JV) between Mitsui Chemicals and SKC (Seoul), have announced plans to establish a polyurethanes systems house in India. The JV has formed a subsidiary, MCNS Polyurethanes India, this month at Sri City, to build a plant with a capacity of 13,000 metric tons/year. The facility will produce polyurethane foams, including foams based on polyols, to cater to individual customer needs. Construction is scheduled to start next month with completion slated for December. Commercial operations are planned for January 2018.
Mitsui Chemicals says demand for polyurethanes in India is expected to increase. The country produces 4 million cars and 9 million refrigerators every year. Many Japanese and Korean auto and home appliance manufacturers already have a presence in India, especially in the south of the country.