Addivant on Monday announced the completion of the first
phase of capacity expansion
s at Gulf Stabilizers
Industries (GSI), the companys joint venture in Al
Jubaïl, Saudi Arabia.
Once completed, the annual production capacity of hindered
phenolic antioxidants, ANOX 20, ANOX
PP18 and phosphite antioxidant ALKANOX 240 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 tpy to meet growing customer
demand for a range of new, higher performing products.
GSI is a joint venture between Addivant and Zamil ChemPlast,
one of Saudi Arabia's leading industrial manufacturing
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," said Peter Smith, Addivant CEO and
chairman of the GSI board. "Today, GSI remains the only local
manufacturer of antioxidants and we are committed to support
our customers with innovation, security of supply, and
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