Page 50 - Plastics News December2018

BUSINESS NEWS

SCM Group acquires DMS Reliance Industries planning
expansion of Jamnagar refinery
CM Group, a leading Italian multinational company in
Smachinery and industrial equipment, has finalized the eliance Industries is planning a new plant at its
acquisition of USA- based DMS Diversified Machine Systems RJamnagar refinery with a refining capacity of
located in Colorado Springs, CO. DMS is an important US as much as 30 million tonnes of crude oil per year,
player in the design, manufacture, distribution and service according to a report. The expansion plan is still under
of innovative CNC machinery, discussion and hasn’t been finalized, the report said. A
particularly for many plastics and feasibility report is likely to be prepared by the end of STEEL
composite materials applications. next year, once the recently-expanded petrochemicals WORKS
This acquisition will strengthen capacities stabilize, and Reliance is expected to make
SCM Group’s global leadership in the final investment decision with an aim to start work
these and other sectors, and is in 2020. The company had considered expanding its OPEN DIE
complementary to a broad portfolio refining capacity in the past, and in 2013-14 it sought ESR -
already established in these markets environment approval for the project. Reliance didn’t FORGINGS
via its venerable CMS brand of move ahead with the plan as it focused on increasing STEEL
customized CNC machines. Andrea
Aureli, SCM Group CEO, said of the acquisition: “The downstream chemicals capacities and building the
telecom business. The Jamnagar Refinery is a private
addition of DMS to the CMS family of brands broadens sector crude oil refinery owned by Reliance Industries
our portfolio of capabilities, and expands available Limited in Jamnagar, Gujarat, India. The refinery
technologies we can deploy within our core business of was commissioned on 14 July 1999 with an installed
offering custom CNC machine solutions. By adding DMS capacity of 668,000 barrels per day (106,200 m3/d)
together with those of CMS and SCM Group capabilities, later Increased to 1,240,000 barrels per day (197,000
we can offer our customers a wider range of solutions m3/d). It is currently the largest refinery in the world.
with expanded features and greater opportunities for With crude processing capacity of 1.24 million Barrels
creating manufacturing efficiencies and higher return on Per Stream Day (BPSD).
investment”. PLASTIC
The Jamnagar refinery is a trendsetter and has won
Patrick Bollar founder of DMS and partner, will continue several awards, including the prestigious 'International MOULD
in his strategic role as Chief Technology Officer leading Refiner Of The Year' award. It also enjoys the distinction STEEL
innovation and product development, and Tanya Williams of housing some of the world's largest units, such as
will assume the role of CEO of DMS. Tanya and Patrick will the Fluidised
be directed and supported by Matt Dietrich, CMS North Catal ytic HOT
America CEO, to assure proper alignment of strategy, Cracker
capture of important synergies, and preservation of the (FCC), Coker, WORKING
respective technological and geographical strengths of Alkylation, STEEL
both companies. “Aspart of SCM Group, we are excited to Paraxylene and
now have wider access to global markets, very experienced Polypropylene
and proven capital equipment manufacturing expertise, plants. Fuels
and resources of a leading worldwide manufacturer”, adds from Jamnagar refinery are exported to several PARTNER IN INDIA
Patrick Bollar, CTO and founder of DMS. A technological countries across the world. This complex refinery is
world leader in processing a wide variety of materials: future ready and can produce gasoline and diesel of
wood, plastic, glass, stone, metal and composites. The any grade. Reliance also has another refinery – the sixth
Group companies, operating throughout the world, are largest in the world – in the Special Economic Zone at
reliable partners of leading companies in various market Jamnagar. This refinery has a capacity for processing ashish@anandsteels.com south@anandsteels.com north@anandsteels.com
HYDERABAD
GURGAON
MUMBAI
sectors, including the furniture, construction, automotive, 580,000 BPD of crude.
aerospace, ship-building and plastic processing industries.
www.stahl-groeditz.de www.anandsteels.com
Plastics News December 2018 505452