India's auto industry take off to promote the rise of supporting industries
Since the beginning of this year, the waves of construction of Indian synthetic rubber plants have attracted great attention from the industry. In addition to basic rubbers such as styrene-butadiene rubber and polybutadiene rubber, the construction of special rubber projects such as butyl rubber is also in full swing. Proceed.
The rapid development of India’s economy has led to a continuous increase in the middle-class population in the country, which has driven car sales to grow at an unprecedented rate. In order to meet the needs of the rapid development of the Indian automotive industry, following the use of chemicals and synthetic resins for vehicles, synthetic rubber has also become a hot spot for Indian investment.
According to reports from overseas media last week, Indian Petroleum Corporation, Taiwan Rubber Corporation of Taiwan, China and Marubeni Corporation of Japan are currently constructing a new styrene-butadiene rubber plant in Banibert, northwestern India, with a designed annual production capacity of 120,000 tons. The required butadiene feedstock will be supplied by the Indian Petroleum Corporation at the Naphtha Cracker in Banibert. The project will have a total investment of approximately Rs 900 crore, of which Indian Oil will contribute Rs 575 crore. The entire project is planned to be completed and put into operation in 2013.
The Indian petrochemical giants - Prudential Industries and Russian Sibur have recently announced that they will invest 450 million U.S. dollars to build their previously announced 100,000 t/y butyl rubber joint venture plant in Jamnagar, India. Prudential Industries will hold a 74.9% stake in the joint venture company, and Sibur will hold the remaining 25.1%. It is understood that the plant will become the first butyl rubber plant in India and the fourth largest butyl rubber supply base in the world. The plant will be put into operation in mid-2014.
In addition, Prudential Industries has also established a 40,000 t/y polybutadiene rubber plant and a 150,000 t/y styrene butadiene rubber plant in Gujarat, India, to expand its synthetic rubber supply. The two plants will be put into operation in 2013 and 2014 respectively.
Looking forward to the prospect of polybutadiene rubber in the local application, there is also India Gas Corporation Limited (GAIL). The company is considering building a 90,000-ton/year polybutadiene plant in Dhaho, India, which will be supplied by OPaL's cracker in India. GAIL holds a 17% stake in OPaL.
At the end of last year, Japan's Tokai Rubber Industries announced that its newly built automotive rubber shock absorber plant in the suburban area of ​​Bangalore in southern India will also be fully operational this year. The new factory product will be provided to Japanese automobile manufacturers such as Toyota Motor Corp. to expand the The company’s sales in India aim to achieve sales of 1.2 billion yen (approximately US$16 million) in India in fiscal year 2015. In fiscal year 2010, the company’s sales in India were approximately 50 million yen.
India's car sales in 2011 were 3.28 million, which is expected to reach 3.5 million this year, and will further increase to 4.25 million in 2014. The Indian Automobile Manufacturers Association stated that the Indian automotive industry is in a period of rapid development, and the country’s production of passenger cars and commercial vehicles will increase significantly from 3.7 million in 2010 to 13 million in 2020.
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