MILACRON STEPS UP PACE IN INDIA

By Bill Bregar
Senior Staff Reporter

Published: April 20, 1998 6:00 am ET

Related to this story

Topics Suppliers, In Print

Cincinnati Milacron Inc.'s 3-year-old joint venture in India is building a $7 million assembly factory in Ahmedabad to triple injection molding machine production—and plans call for expanding into manufacturing blow molding and extrusion equipment.

Production began at the joint venture, formed by Milacron and Indian businessman Mahendra Patel, in late 1995. In 1996, the first full year of production, the leased plant built 85 machines, Milacron reported.

Injection press production reached about 200 units in 1997, according to Thomas Zacharias, Milacron's business manager of Indian operations.

The joint venture is called Cincinnati Milacron Pvt. Ltd. About 150 people work there now, Zacharias said.

The new plant, which should be completed later in the second quarter, will boost production capacity to 600 injection presses a year.

``The growth curve has been phenomenal,'' Zacharias said. ``We are already the second-largest domestic producer of injection molding machines in India.''

The new plant, which will be owned by the Milacron/Patel joint venture, is about a mile from its original leased facility, located in the same industrial park. Ahmedabad is about 300 miles north of Bombay, in the center of India's plastics industry.

Employees are building two types of molding machines: Sigma presses, in clamping forces of 30-400 tons; and Magna machines, in 550-, 660-, 775- and 910-ton sizes. The plant can make presses as large as 3,000 tons.

Zacharias said the plant serves the large Indian market and exports machines to other Asian nations, Africa and the Middle East. India, with a middle class of some 250 million people and a rapidly growing automotive industry, has strong demand for consumer goods.

``Within the next five years, plastics resin consumption is expected to double,'' he said.

Milacron's Plastics Technologies Group in Batavia, Ohio, reported $736 million in 1997 sales. Company leaders have said they want all of Milacron's global operations to be able to manufacture the full line of Milacron machines.

Zacharias said the new plant eventually will be capable of making blow molding machines and extrusion systems. He gave no timetable.

He said Milacron was not releasing the square-footage of the new factory.


Comments

MILACRON STEPS UP PACE IN INDIA

By Bill Bregar
Senior Staff Reporter

Published: April 20, 1998 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Oxford Polymers adds compounding capacity

January 30, 2015 1:16 pm ET

Materials maker Oxford Polymers has increased its compounding capacity by installing a new single-screw extrusion line.    More

Image

Marval's next generation expands capacity

January 30, 2015 1:27 pm ET

MAMARONECK, N.Y. — There’s a lot of history at Marval Industries Inc., but the 59-year-old compounding firm also is looking toward the...    More

Image

Yizumi's stock price shoots up

January 30, 2015 11:56 am ET

Chinese injection press maker Guangdong Yizumi Precision Machinery Co. Ltd. has seen its stock price more than double in the first five trading days...    More

Image

Lubrizol buys Brazil-based coatings technology manufacturer

January 30, 2015 11:50 am ET

Specialty chemicals company Lubrizol Corp. of Wickliffe, Ohio, said it has acquired a Brazilian company that makes coatings technology for products...    More

Image

China to lead the way on robots

January 30, 2015 11:12 am ET

More industrial robots will be operating in China’s production plants than in the European Union or North America by 2017.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events