Manali Petrochemicals Limited (MPL) is planning to develop new applications for its products in brake fluid, drilling applications, water proofing and others.
The efforts seem to be aimed at dealing with the difficulties the company has had in recent times. The company is also exploring the possibilities of develop product applications in medical devices and said that it is confident of overcoming the difficulties through a modified product mix and by foraying into newer markets.
Manali Petro operates in the polyurethanes (PUs) market that comprises of two sectors: Methylene di-isocyanate (MDI) and Toluene diisocyanate (TDI). The Indian polyurethane industry’s performance during 2007-2012 had reported a double-digit growth while the market has remained stagnant in 2013.
