Styrenix Performance Materials Limited Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Styrenix Performance Materials Limited?

Styrenix Performance Materials Limited is an Indian company that makes Acrylonitrile Butadiene Styrene (ABS), a type of plastic. ABS comes from acrylonitrile, butadiene, and styrene and is used to make home appliances, cars, electronics, and office equipment. The company also produces Polystyrene (PS) and ABSOLAN (SAN), a resin made from styrene and acrylonitrile, used in lighting, stationery, novelty items, refrigeration, and cosmetic packaging.

The company has manufacturing plants in Nandesari, Moxi, Katol, and Dahej, and its research and development centre is in Moxi, Gujarat. Their products focus on different styrenics, known for their strength, clarity, and easy moldability. Here’s a summary of their main products and services:

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1- Polystyrene (PS): Polystyrene is an ordinary plastic that comes in different types, like general-purpose polystyrene (GPPS) and high-impact polystyrene (HIPS). People use it for packaging, disposable utensils, food containers, toys, and electronics.

2- Acrylonitrile Butadiene Styrene (ABS): This thermoplastic polymer is tough, impact-resistant, and shiny. It is excellent for making automotive parts, appliances, LEGO bricks, and other household items.

3- Styrene Acrylonitrile (SAN): SAN has better chemical resistance, clarity, and stiffness than regular polystyrene. It is commonly used for kitchenware, cosmetic containers, and medical devices.

4- Specialty Styrenics: Styrenix offers unique products with improved features. These include flame-retardant grades, transparent materials, and styrenics designed for better weather resistance or to meet specific regulations.

5- Custom Product Development: The company provides custom solutions for clients needing particular types of styrenics for specific uses. It includes creating materials with particular features like better impact resistance, UV protection, or meeting specific safety standards.

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6- Technical Support: Styrenix helps customers by offering technical support. They assist in improving processing methods, enhancing product quality, and solving problems with material choices or usage. This service benefits the automotive, packaging, electronics, and consumer goods industries.

7- Sustainable Solutions: The company develops eco-friendly styrene products. These include options made with recycled materials or designed for easier recycling. It meets the increasing demand for sustainable solutions in the plastics industry.

Question 2: Who are the promoters of Styrenix Performance Materials Limited?

Shiva Performance Materials Private Limited is the promoter of the company. It holds 62.73% of the shareholding. 

Mr. Rakesh S. Agrawal is the Chairman of Shiva Group of Companies promoted by the family. He has business interests in Acid Chlorides, Alkyl Chlorides, Polymers, Engineering Services, Trading etc. 

Rahul Rakesh Agrawal is the Director and Promoter of Shiva Pharmachem Limited, a Company situated in Vadodara, Gujarat. Shiva Pharmachem Limited is a global supplier and one of the leading manufacturers of multi-functional intermediates in pharmaceuticals and agrochemicals and performance chemicals and has three manufacturing sites and exports various products globally. He holds a Bachelor’s degree in science in chemical engineering from the University of Michigan, Ann Arbor He also holds a Masters’ degree in Business Administration from Harvard Business School, Harvard University.

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