Addivant, supplier of antioxidants, intermediates and inhibitors, polymer modifiers, and UV stabilizer solutions, has completed of the first phase of capacity expansions at Gulf Stabilizers Industries (GSI), the company’s joint venture in Al Jubaïl, Saudi Arabia. Once completed, the production capacity of hindered phenolic antioxidants, will double to 10,500 metric tons.
GSI's board of directors also announced that plans are underway to expand production capacity of the ANOX NDB product line to 24,000 metric tons per annum to meet growing customer demand for a range of new, higher performing products.
GSI is a joint venture between Addivant and Zamil ChemPlast, a key player in Saudi Arabia's industrial manufacturing companies.
“We have worked closely with our customers in the Middle East since 2001, when we were the first additive company to invest in the region. Today, GSI remains the only local manufacturer of antioxidants and we are committed to support our customers with innovation, security of supply, and overall value” said Peter Smith, addivant CEO and GSI chairman of the board.
“The rapid expansion of the Middle East polymer industry over the past two decades has been impressive and it will continue in the years ahead with the downstream markets playing an increasingly important role. Smith added, “With our breadth of specialty additives and formulation capabilities, we will continue to support our customers in the growth of applications in the automotive, packaging, agriculture, building and construction, and medical markets”.