Addivant announced the completion of the first phase of capacity expansions at Gulf Stabilizers Industries (GSI), the company’s joint venture in Al Juba?l, Saudi Arabia. Once completed, the production capacity of hindered phenolic antioxidants, ANOX 20 and 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 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, one of Saudi Arabia's leading 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.
ANOX NDB enables multiple polymer additives to be incorporated in non-dusting physical forms. These forms are proven to increase productivity, reduce production costs, advance final product quality, and improve workplace health and safety. Using ANOX NDB also eliminates the administrative and logistics costs of purchasing individual raw materials.
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