Recently, DOMO Chemicals, a global leader in engineering materials, celebrated the inauguration of a new composite production line at its Indian factory in Mahape, New Town, Mumbai.
DOMO Chemicals is expanding production capacity across Asia as its overall business in Asia has achieved impressive double-digit growth, driven by strong demand for polyamide solutions from the automotive, electrical and electronics, consumer goods and industrial goods industries.
Source: DOMO Chemical
India’s polyamide production capacity reaches 8,000 tons/year
“This new production line is another milestone in our commitment to growth and innovation in the Asia region. With total production capacity of high-quality polyamide-based engineering materials gradually reaching 8,000 tons/year, our state-of-the-art factory is now equipped with the latest technology to serve our customers in India. said Fabrizio Cochi, General Manager Asia.
DOMO Chemicals has been active in Mumbai’s Navi area since 2016. Its technology center is equipped with advanced facilities to develop new solutions for the Indian market. These include a focus on metal replacement and lightweight solutions, electricity-friendly and flame-retardant materials for electric vehicles, food and water contact ratings for the appliance market, and automotive cooling solutions.
Expanding polyamide production capacity in South Korea
In early 2023, DOMO Chemicals announced that it had signed a manufacturing contract with MIKAINC, a Korean plastic compound manufacturing and distribution company.
MIKAINC. Vice Chairman and CEO Kim (Andrea) Jong-hyeon emphasized the importance of this move for MIKAINC.: “This new agreement with DOMO gives us the opportunity to add the famous TECHNYL to our product portfolio ® brand PA6 and PA66 based engineering materials.”
As the exclusive global owner of the TECHNYL® brand since 2022, this new partnership is a further milestone in DOMO’s ambition to expand its nylon-based engineering materials business in Asia.
Opening of new factory in Jiaxing, China
On March 15, DOMO Chemical successfully held a groundbreaking ceremony for its new factory located in Haiyan Economic Development Zone, Jiaxing, Zhejiang.
The investment in the new Haiyan factory is as high as 14 million euros (approximately 100 million yuan), with a total area of over 40,000 square meters. It is a major investment for DOMO Chemicals in the Asian market. The new factory will produce TECHNYL® high-performance polyamide materials and is expected to be fully operational by the end of the first quarter of 2024.
In 2016, DOMO Chemical China established a nylon modification factory in Jiaxing and actively developed business in the Chinese market, continuing to provide a variety of high-performance solutions for the nylon market. After completion, the new Haiyan factory plans to install 5 production lines in the first phase and is expected to produce 35,000 tons of plastic particles per year. The production capacity will be gradually expanded in the later period, with the total production capacity reaching 50,000 tons per year.
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