LyondellBasell has sign a deal with Hyundai Engineering Plastics (HEP) that will see the latter manufacture LyondellBasell’s latest-generation Hostacom and Hifax polypropylene compounds at the HEP plant in Chennai, Tamil Nandu, India
LyondellBasell will have exclusive marketing rights for these products. Paul Yeates, senior vice-president, advanced polyolefins at LyondellBasell, said: “This agreement extends our global footprints and allows us to better serve our customers in major regions.” Hostacom and Hifax polypropylene compounds are used to add value in automotive applications, such as instrument panels, interior trim and bumpers, as well as white goods such as washing machines and refrigerators. “This cooperation enables us to supply our Indian automotive and appliance customers with locally manufactured, high-performance and high-quality compounds which will increase their competitiveness in the fast-growing Indian market,” said Frank Noeltgen, vice-president, Asia-Pacific compounding business at LyondellBasell.
