Page 22 - Plastics News August 2019

COMPANY NEWS

Covestro steps up investments in HPCL realigns its secondary
thermoplastic composites Units, builds community centre

as CSR
ovestro (Shanghai, China) is further developing
CLWV RIIHULQJV DQG FDSDELOLWLHV LQ FRQWLQXRXV ÀEHU ndia's state-run Hindustan Petroleum Corp plans to
reinforced thermoplastic (CFRTP). Its Maezio brand of
Ishut some secondary units at its Mumbai and Vizag
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impregnated with thermoplastics like polycarbonates. UHÀQHULHV LQ WKH FXUUHQW ÀVFDO \HDU LQ RUGHU WR EH DEOH
A new tape line is now commissioned in its Leverkusen sell Euro-VI compliant fuel from April, its chairman
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improve gasoline specs and a diesel hydro desulphuriser
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southern India from early September to the end of
October for upgrades, he said. HPCL also plans to shut
a gasoline deslphuriser at its 150,000 bpd Mumbai
refinery in the western state of Maharashtra for
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April for 23 days, he said, adding the company has no
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and resin combinations (see the video below). The in 2019/20. Hindustan Petroleum Corporation Limited
products’ manufacture will be scaled and commercialized (HPCL), under the Corporate Social Responsibility
at the production site in Markt Bibart in South Germany, (CSR) programme, will spend Rs 60 lakh to construct
Covestro says. On this R&D production line, Covestro is a community centre at Ambedkar Nagar in Sangrur. It
currently developing a thermoplastic polyurethane (TPU) has signed a memorandum of understanding with the
-based CFRTP, which is said to exhibit excellent chemical 1DJDU &RXQFLO 1& DQG WKH 3XEOLF :RUNV 'HSDUWPHQW
UHVLVWDQFH SURSHUWLHV DQG VXSHULRU ÁH[LELOLW\ LQ D ZLGH (B&R) for the same.The agreement was signed last
temperature range. Covestro says this product is a result ZHHN LQ WKH SUHVHQFH RI 6DQGHHS *DUJ 3$ WR 3:'
of demand from markets such as the footwear and sports and Education Minister Vijay Inder Singla, Sangrur NC
equipment industries. At the same time, new hybrid
injection molding machines are being commissioned in
Covestro’s CFRTP locations in Germany and China to build
on processing knowledge of complex, three-dimensional
composite parts in support of application development
across industries. A hybrid injection molding machine
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parts with in-mold injection molding – a fully automated
one-step processing technology which reduces cycle times
and improved productivity of mass produced composite
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processing partners such as KraussMaffei and Engel to ([HFXWLYH 2IÀFHU 5DPHVK .XPDU FRXQFLOORU 0DKHVK
offer customers full support in their product development
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SURFHVV µ VD\V 'U ,QJ 2ODI =RHOOQHU KHDG RI DSSOLFDWLRQ Ajay Garg. The HPCL delegation was represented by
development Europe at the polycarbonates business LWV RIÀFHUV %KDUDW .DXO 1LOHVK 6ULYDVWDY +DULVK 0DQL
unit at Covestro. “A fully functional and supportive and Mehal Mittal. “Besides government funding, the
value chain with the know-how for mass production of minister is trying to bring in funds through the CSR
composite parts is critical to bringing such solutions to
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Plastics News August 2019 22