In a bid to support the customers in the robustly expanding thermoplastic elastomers (TPE) market of India, the additives and color concentrates maker PolyOne Corp., has recently announced that it will soon commence its production of TPEs at its existing facility in Pune, India. Apparently, the addition of TPE production is expected to provide the regional customers with a wide-ranging portfolio of domestically manufactured materials.
In India, the thermoplastic elastomers industry giant, PolyOne, is the sole source for domestically produced materials comprising engineered polymers, colorants, and thermoplastic elastomers, thereby providing shorter lead time advantage to regional customers, cite reliable sources.
With the rapidly expanding regional automotive industry, experts speculate that PolyOne will be targeting leading local manufacturing units including the likes of Fiat and Tata production in Pune. Moreover, given the sky-rocketing record of manufacturing 3,791,540 passenger vehicles in 2017, the regional polymers & advanced materials industry is expected to thrive on the cusp of the inflating automotive sector, says experts.
According the Plastics Today, Vikas Vij, MD, India, at PolyOne, was quoted stating that the company, with its new production unit of TPE, is excited to tap into India’s potential and is planning to increase its technology and sales personnel to accelerate innovation and services to value-added customers.
For the record, in 2014, PolyOne started its production facility in Pune to accentuate the domestic production of additive concentrates and colorants that are witnessing heavy demand from end-use markets such as electronics & electrical, packaging, wire & cable, transportation, and healthcare. The company furthered its manufacturing capability to include specialty engineered polymers & materials in the year 2017. Adding a new TPE production unit to its portfolio, the company has emerged as a single domestic source to streamline specialty polymer requirements in the polymers & advanced materials industry, claim experts.