Husky opens Chennai, India, operation

By Satnam Singh
Correspondent

Published: February 15, 2012 6:00 am ET

Related to this story

Topics Injection Molding, Machinery, Molds/Tooling

NEW DELHI (Feb. 15, 2:20 p.m. ET) — Husky Injection Molding Systems Ltd. has opened its new factory in Chennai, India, targeting both that country and other nations in the South Asian Association for Regional Cooperation, which includes Bangladesh, Pakistan and Sri Lanka.

“We have invested about 100 crore (1 billion rupees, or US$20.3 million),” said N. Hari Prakash, managing director of Husky Injection Molding Systems (Chennai) Pvt. Ltd., in an interview at the Plastindia trade show. “This new facility would allow us to provide prompt service in terms of local supply of spare parts to our growing clientele in the region with minimum downtime.”

Husky, based in Bolton, Ontario, said it has at least US$40 million in business from its Indian operations and expects sales to rise since it will no longer have to import as much from its European or Chinese factories.

“We are expecting a 10 to 15 percent hike in annual business,” Prakash said.

The 60,000 square foot facility will house a technical center and focus on mold conversion as well as mold and hot runner refurbishment for local preform manufacturers. Trial production in Chennai started in January, with commercial production set to begin in March.

At Plastindia, held Feb. 1-6 in New Delhi, the company showed its H-PET AE (all-electric) preform manufacturing system, making its public debut in India. The system was running a 32 cavity mold producing a 19 gram preform for a one liter water bottle.

The company was also showing its Ultra Sidegate and UltraSync hot runner systems for the first time in India.


Comments

Husky opens Chennai, India, operation

By Satnam Singh
Correspondent

Published: February 15, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Sales, orders climbing for Wittmann Battenfeld

October 22, 2014 4:04 pm ET

Equipment maker Wittmann Battenfeld GmbH expects sales this year to increase 7 percent, to 295 million euros, as it said some key markets, including...    More

Image

Ford's final ACH plant, injection molder of HVAC systems, to close

October 22, 2014 1:58 pm ET

Ford Motor Co. will shed the last line of business in 9-year-old Automotive Component Holdings LLC by December when ACH closes its Plymouth, Mich.,...    More

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Image

Asia continues driving sales for Engel

October 21, 2014 2:42 pm ET

The number seven seems to be special for European plastics machinery makers at the moment — injection press giant Engel Holding GmbH said Oct....    More

Image

Report: Suspected former Nazi with plastic connection collecting Social Security

October 20, 2014 3:52 pm ET

AKRON, OHIO — A one-time plastics executive in Akron is among dozens of suspected former Nazis who have been collecting U.S. Social Security pay...    More

Market Reports

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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