Abelin Polymers is a manufacturer of industrial chemicals such as phenol formaldehyde resins. They are an ISO 9001:2008 certified company. Phenol formaldehyde resin is specially
Indian Polymer industry is one of the largest in terms of providing employment with 4 million people employed over 30000 units. It has been growing over 15% for the last 10 years with production reaching 9.5 million tonnes. Some of the leading Indian companies are Finolex, Plastibends and foreign players include BASF Styrenics, Bayer ABS, LG Polymers, Clariant, DSM, Dupont, GE Plastics and Dow Corning. Exports in the plastic sector continues to grow at 30% CAGR. The per capita consumption of plastics in India at low 9.7 kg as compared to 109 kg in USA, 45 kg in China and 32 kg in a Brazil.
The polymer industry has invested around $5 billion over the last few years and with projected investment expected to reach $24 billion market.
Government of India, through its Finance Ministry has imposed definitive anti-dumping duty on Polytetrafluoroethylene (PTFE) imports from China. It was based on the recommendations of the Designated Authority in its second sunset review, the revenue department has imposed anti-dumping duty of $ 2,637 per tonne on PTFE imports from China. PTFE is primarily used in electrical, electronic, mechanical and chemical industries for its unique characteristics like chemical inertness, electrical and thermal insulation and outstanding electrical properties over a wide frequency range. It may be noted, Gujarat Fluorochemicals had filed the petition seeking second sunset review investigation on PTFE imports from China. The latest definitive antidumping duty, which is applicable from July 28, would be