Sinochem International （600500. SH） is presenting a new ABS plant located in Yangzhou (Yizheng) Chemical Industrial Park, as part of its strategic planning for compounding materials. The production is planned to start by the end of 2021 with a yearly capacity of 24,000 tons/year.
In the first phase, several specialty products from ELIX Polymers’ high quality product portfolio will be produced. The product portfolio will include specialty ABS grades, high heat ABS, ABS/PC and PC/ABS blends which can be customized in several colors and with special additives. In a second phase, the capacity will be increased to 56,000 tons/year with the production of other polymer compounds.
ELIX Polymers was acquired by Sinochem International in January 2019 and integrated with its Lightweight Materials Business Unit. The latest initiative will support global collaborations with OEMs and its key customers in several continents. In particular, for the Automotive Industry it is very important to have locally produced materials for the Asia-Pacific markets with the same quality standards to allow them to be used for their global platforms and increase the required local content. This is an important step for ELIX Polymers to be considered as a true global player in the market. In 2015, ELIX Polymers already established a legal entity in the US and will now cover the three main regions for ABS polymers: Europe, America and China.
Sinochem International aims to become a reliable and leading global material supplier that is ready to provide one-stop product services based on ABS, PC, PA, ASA, PP, PMMA, PBT, PPA and other engineering plastics.