Page 88 - Plastics News December 2019

BusiNEss NEws

MRPL plans to expand capacity, Nissei signs to acquire a majority

invest Rs 31000 crores stake in Negri Bossi

angalore Refinery and Petrochemicals Limited (MRPL), apan’s Nissei Plastic Industrial Company has agreed
Mthe downstream subsidiary of Oil and Natural Gas Jto buy a majority stake in Negri Bossi, an Italian
Corporation (ONGC), plans to invest Rs 31,073 crore to manufacturer of injection moulding machines and
undertake expansion of its flagship 16 Million Tonne Per robotic equipment. The deal is expected to close in
January 2020. Negri Bossi, which is owned by US-based
Kingsbury Corp, has a particularly strong presence
in Europe and operates across a range of industries,
including packaging. Revenues in recent years have
been more than €100 million ($111m). Upon completion,
Kingsbury will maintain a minority stake in the company.
By acquiring a stake in Negri Bossi, Nissei will be able
to expand and strengthen its business domain in the
injection moulding machine field. The combination of
Nissei’s injection moulding machines and Negri Bossi’s
injection moulding technology is expected to expand
each product portfolio and provide a comprehensive
Annum (MTPA) refinery to 18 MTPA and focus on integration solution to a wide customer segment. Negri Bossi has
of production streams for petrochemicals like ethylene, become the number one injection moulding machine
propylene and butane, the company said in an application manufacturer in Italy, with a wide range of high-
to the environment ministry. The company said the performance injection moulding machines, amongst
project is currently facing challenges including processing which ultra-large injection moulding machines and
of heavier and sulphur rich crude, strict environmental moulding systems. The Group also provides products
regulations, enhanced product specifications for sulphur and solutions tailored to each customer. Negri Bossi has
and aromatics, evolving regional supply and demand a particularly strong
dynamics for diesel versus petrol, volatile refining margins, presence in Europe
evacuation challenges around petcoke and IMO 2020 and a solid customer
specifications, which have necessitated increased capacity base in a wide
and focus on petrochemicals. “A hybrid configuration with range of industries.
limited increase in crude capacity and petchem products The Group has an
which would meet the boundary conditions of capex important presence
requirement, land availability and logistical constraints was also in the USA,
Mexico and India..
envisaged. An in-house hybrid study has been conducted Nisse i Pla st ic
for arriving at the best possible configuration for Petchem Industrial is a
addition and capacity expansion project (PACE) by means Japanese company,
of low capex, revamps and unit augmentations with listed on the Tokyo Stock Exchange, engaged in
fuels conforming to BS VI specifications, for MS and HSD the manufacture and sale of injection moulding
along with petchem products,” the company said. MRPL machines, peripherical equipment, parts and dies
also plans to undertake capacity expansion of its second operating in three segments: Japan USA and Asia.
crude oil distillation unit (CDU) to 9.7 MTPA from 7.2 MTPA As a global company, NISSEI will enrich communities
currently, conversion of Visbreaker (VBU) into a 0.7 MTPA through plastics”. In order to deliver its excellent
CDU for swing operations for processing high sulphur or benefits throughout the world, NISSEI has been making
heavy crude directly and utilisation of CDU-I and CDU-III at ongoing effort in researching and developing the mold
present capacities. The idea is to utilize maximum crude processing technologies, injection molding machines,
processing capacity available in primary units. and the technologies to process new materials.

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