Source : CPRJ China Plastic & Rubber | Author : Yifan | Release date :2014-03-24

March 19 , Addivant announced its Jubail in Saudi Arabia, a joint venture between Gulf Stabilizer Industries Company (Gulf Stabilizers Industries, GSI) has completed the first phase of capacity expansion . Once the expansion is complete, hindered phenolic antioxidants ANOX 20 and ANOX PP18 and phosphite antioxidants ALKANOX 240 production capacity will double to 10,500 tonnes.

GSI Board also announced that it will yield ANOX NDB product line can be expanded to 24,000 tonnes per year plan is well implemented, the plan is designed to meet the growing customer demand for a new range of high performance products .

Addivant GSI CEO and chairman Peter Smith said: " In 2001, we became the first investment in the Middle East additive companies since then, we have been working with our customers to carry out close cooperation in the Middle East today , GSI is still the only local anti . oxidizer manufacturer , we are committed with innovative , reliable supply and overall value for our customers to provide support . "

Smith added: " Over the past 20 years, the rapid expansion of the polymer industry in the Middle East is impressive , and with the downstream market is playing an increasingly important role in the coming years this trend will continue with a wide range of specialty additives. and formulation capabilities , we will continue growing applications in the automotive, packaging, agriculture , building and construction , and medical markets to provide support to our customers . "

Zamil ChemPlast president and board member Adel Alghassab GSI , said : "ALKANOX 240, ANOX 20 and ANOX PP18 is the backbone of ANOX NDB part of our product mix , as well as customers in the region is now the preferred additive solution ." Alghassab added: "By investment in capacity expansion and development of new technologies , long-term growth of our firm commitment to practice in the field , and in the supply and technical innovation to provide support for local customers . "

Addivant is innovative company in the field of polymer additives , specialty additives its broad portfolio of products , including antioxidants , light stabilizers, rubber additives , polymer modifiers , metal passivation agents, polymerization inhibitors and intermediates . GSI is Addivant with Saudi Arabia s leading industrial manufacturing companies Zamil ChemPlast jointly established a joint venture .