Changing Industry environment - A focus on Polyolefins - Ian Dunn, President of Basell International addesses PLASTINDIA 2006 Conference.

8 March 2006, New Delhi, India: - “As an industry, we face dramatic external change, a coming revolution in supply economics and a huge shift in market power,” remarked Ian Dunn, President of Basell International at the PLASTINDIA 2006 Conference on 11 February 2006.

Feedstock, wealth and population driven growth are the three determinant factors which define the polyolefins market, Ian Dunn observed.  “The ‘wealthy’ nations no longer exhibit significant market growth, the feedstock owning nations have a relatively small population and the most populous nations have relatively little feedstock.

“Europe will need to adjust to remain competitive, the Americas will largely be self-contained but subject to globalising cost pressures, Japan will re-structure towards niche activities, whilst China and India drive the demand growth and the Middle East drives the capacity growth,” he said.

“The best companies will survive, and drive the restructuring process, through a combination of financial strength, customer focus, excellent cost management, strong execution, creativity as well as agility,” he stressed.

Ian Dunn was among several other national and international members of the industry to speak at the PLASTINDIA 2006 Conference in offering insights and innovations as well as providing suggested actions for many of the important issues facing the plastics industry today.   Held alongside the PLASTINDIA 2006 exhibition, the two-day international conference brought together eminent scholars, professionals and industry experts for a fruitful engagement in charting a path for growth and accessing opportunities.

Since 1992, Basell and its predecessor companies have been active in the India market as leading importers of polyolefins. Besides, Basell and Machino Plastics Ltd operate a joint venture company Machino-Basell India (MBI), which produces an extensive range of unfilled and filled polypropylene compounds and is the major supplier of polypropylene compounds to the Indian automotive market. Based in Gurgaon, MBI has a production capacity for polypropylene compounds of 17,000 MT per year.

As part of its efforts in creating new opportunities for polyolefins and for its customers in Asia, Basell participated in PLASTINDIA 2006, bringing ideas, innovations and options to the Indian plastics industry.  PLASTINDIA 2006 was held from 9 – 14 February 2006 at Pragati Maidan, New Delhi, attracted 1,400 exhibitors and 1,000,000 visitors from all around the world.

Basell is the world’s largest producer of polypropylene and advanced polyolefin products, a leading supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes.  Together with its joint ventures, Basell has manufacturing facilities in 21 countries and its products are sold in more than 120 countries. 

Learn more about us at www.basell.com

Click here for a full transcript of Ian Dunn’s presentation at the PLASTINDIA 2006 Conference

For more information, contact:

Kathy Chan, Basell Corporate Communications,
at Tel. +852 2585 0103; +852 2585 0315; email: kathy.chan@basell.com  

Chantal Sohm, Basell Corporate Communications,
at Tel. +33 1 55 51 21 19; +33 6 72 68 30 93; email: chantal.sohm@basell.com