SI Group has announced the decision to increase tackifier resin capacity at its Lote, India, manufacturing site by an expected 75%. The expansion will propel the site to become a regional hub for best-in-class tackifier resin production and technology.
Expansion Slated for Completion in Two Phases
The investment addresses an increasing demand for Novolac tackifiers in one of our core regions. The expansion is slated for completion in two phases. The first phase will be completed by the end of 2021 and the second phase will commercialize in the latter half of 2022.
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We have decided to grow capacity as another step forward in demonstrating our commitment to supporting our customers’ growth and positioning ourselves as one of the leaders in specialty additives. This expansion will not only benefit the region’s supply, but it will also provide superior solutions at the highest reliability to our customers globally,” said Robert Kaiser, vice president - rubber & adhesives solutions at SI Group.
This investment positions SI Group to supply regional growth and meet strong forecasts within the Indian tires & automobile sector. These investments will strengthen the position of its customers and India’s Rubber Industry moving forward.
SI Group manufactures tackifier resins used to enhance the performance and durability of tires. In addition to tackifier resins, the company also has a robust portfolio of antidegradants and bonding, curing, and reinforcing resins manufactured globally.
Acquired a 10% stake in Shuye, a Chinese recycling technology company, and secured 20,000 tons of raw material production capacity.
Source: SI Group