BUSINESS NEWS
Mangalore SEZ permitted to set up units with products besides petrochemicals he Mangalore Special Economic Zone (MSEZ), limited to petrochemicals until now, has been permitted to set up units with products from other sectors as well.
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According to reports The Board of Approval (BoA) also approved the conversion of the 624.786 hectare Mangalore SEZ, Mangalore from a sector-specific SEZ to a multiproduct SEZ. This change would enable the SEZ to invite units to be set up in a variety of sectors after this was made possible on account of the recent amendments to the SEZ rules following the April 18, 2013 SEZ reforms announced by the
Commerce and Industry Minister Anand Sharma. It is learnt that the decision was taken at the 59th meeting of the BoA on Special Economic Zones (SEZs) and the fourth meeting of 2013 series on Export Oriented Units (EOUs) held this month under the chairmanship of Commerce Secretary S. R. Rao.
(GPMP). Anyone can “walk in” to the SEZ and get advantages that were not possible five years ago. He can get land, water, electricity, pollution control, effluent treatment, and access to labour from all over India.
G. Giridhar Prabhu, industrialist and former president, KCCI, said, “Now there will be demand for land offered, as more units will approach the SEZ. Even a small unit can start export activity.
Dow plans investment outlay of US$1 bln in two new polyolefin plans
The area is open for all types of investments in any category of industry. That is what we were asking for, general purpose multiproduct
Alfa Laval Wins SEK 185 million energyefficiency order in India lfa Laval has won an order to supply Alfa Laval Packinox heat exchangers to a petrochemical plant in India. The order is booked in the Process Industry segment and has a value of approximately SEK 185 million. Deliveries are scheduled for 2013 and 2014.
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The Alfa Laval Packinox heat exchangers will be used in the production of mixed Xylenes, ingredients in the manufacturing of synthetic nylons and PET bottles. P L A S T I C S N E W S
"This is the second large order, within a short period of time, for our highly energy-efficient Alfa Laval Packinox heat exchangers. This order proves that our customers value the superior performance of Packinox heat exchanger in the demanding petrochemical and refinery applications", says Lars Renström, President and CEO of the Alfa Laval Group
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ow Chemical Co. plans to invest US$1.06 bln to build two new polyolefins plants and upgrade its ethylene capacity at the its existing site in Plaquemine.
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Construction on the new polyolefins plants is set to begin by the end of the year, with work on the ethylene efficiency upgrade to start immediately. The expansion should be complete by the end of 2016. One of the new plants will produce next-generation synthetic rubber while the other will produce high-performance polyethylene.
S E P T E M B E R 2013