Manali Petrochemical Co., Ltd. started production of Notedome high performance polyurethane products in Chennai, India this month. Notedome will meet the market demand of Indian subcontinent and Southeast Asia.
Manali Petrochemical Co., Ltd. (MPL) acquired UK Notedome Ltd. through its overseas subsidiaries in September 2016. Over the past three decades, Notedome has been manufacturing high performance polyurethane (PU) products and global Available in more than 40 countries.
In the past 10 years, the annual growth rate of the polyurethane industry has been maintained at around 5-6%, mainly from the automotive, construction and footwear industries. In Southeast Asia, the growth rate is even higher.
According to a statement, by introducing Notedome's highly specialized cast polyurethane elastomers into the Asian market, Manali Petrochemicals Ltd. (MPL) is driving the Indian polyurethane (coatings, adhesives, sealants and elastomers) industry. The aspect played an important role.
Maloneli Petrochemical Co., Ltd. (MPL) is not only the only producer of propylene oxide in the country, but also one of the country's largest producers of basic and system polyols, which produces PPG polyols, which are in the Notedome formulation. Key ingredients.
The synergy effect between Notedome and Manali Petrochemical not only enables Notedome to seize opportunities in the Asian polyurethane industry, but also creates a natural fit in its value chain. Manali Petrochemical's business in the region With more than 30 years of history, it has been able to get closer to existing and new Asian customers, to obtain raw materials at a lower cost and to achieve shorter maintenance intervals.
Notedome's market share in Asia is about 15%. The company said that with the right positioning strategy and favorable market conditions, Notedome products will occupy a larger market share in the next few years.