Page 20 - Plastics News April 2019

CompAny news

Indian Oil bags AIMA Managing Borealis opens PP compounding

India Award for Outstanding PSU plant in US

ndian Oil Corporation Ltd. bagged the AIMA Managing orealis AG has started up a compounding plant in
IIndia Award 2019 for Outstanding PSU of the Year. The BTaylorsville, North Carolina, first announced in
award was presented by Mr. Pranab Mukherjee, former 2017. The new facility will produce polypropylene,
President of India, to Mr. Sanjiv Singh, Chairman, IndianOil. thermoplastic polyolefin and short glass fiber compounds
The AIMA awards declared under 11 categories were headed with the capacity of 30,000 tonnes per year, the Vienna-
by Mr. Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group, based polymer maker said on 3 April. The firm said one
and shortlisted 11 eminent enterprises and personalities of of its customers, Volkswagen AG's Skoda car brand,
the country for their contribution to nation-building.The achieved weight-savings of 6.5% by using the new grade
jury acknowledged IndianOil's contribution in empowering for lower dashboard, glove box and center console
the citizens of the country not only through its products applications.Scheduled for official grand opening on
16 May, the plant has already supplied samples to
potential customers, which include automakers and Tier
1 companies in North America. The company has already
secured several projects "with leading North American
and European OEMs," said Lucrece Foufopolous,
executive vice president of polyolefins and innovation
and technology for Borealis. Among the first products
manufactured at the plant, are automotive materials
approved and listed by customers such as Daimler
AG and VW, Borealis said. The materials company is
producing its new low-density TPO compound Daplen
EE058AI automotive applications at the plant. The 10%
but also through various other initiatives beyond business
in health, education, environment, skill development,
etc. The Corporation's futuristic approach with an aim to
consolidate India's position on the global arena under the
able leadership of Mr. Sanjiv Singh, Chairman, IndianOil,
received the appreciation of AIMA. IndianOil Chairman,
Mr. Singh thanked the eminent jury and dedicated the
award to IOCians across the nation as well as IndianOil's
channel partners, stakeholders whose dedicated efforts
have enabled IndianOil maintain its leadership position and
its brand value over the decades.The All India Management talc-filled, elastomer-modified grade is designed for
Association (AIMA), the apex body of management automotive interiors requiring low odour, emission and
professionals in the country. fogging levels. For over 25 years, Borealis has been a
leading provider of polyolefins, base chemicals, and
With a 33,000-plus work-force, extensive refining, fertilizers. In line with its mission to Keep Discovering,
distribution & marketing infrastructure and advanced innovative solutions made possible by Borealis are
R&D facilities, lndianOil plays a significant role in fuelling driving the transformation to a more circular economy.
the socio-economic development of the country. With
a mandate to ensure India's energy security and self- Borealis has developed from its early roots in
sufficiency in refining & marketing of petroleum products, Scandinavia to become a global enterprise. It has
lndianOil has in the past six decades provided energy operations on five continents – and major growth
access to millions of people across the length and breadth projects on three. Borealis and its 6,800 employees
of the country through its ever-expanding network of over strive to create added value for their communities and
47,800 customer touch-points. society as a whole.

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