JH-Welltec to set-up plant by mid 2014 in Ahmedabad

By Satnam Singh
Correspondent

Published: October 26, 2012 6:00 am ET

Related to this story

Topics Injection Molding, Machinery

CALCUTTA, INDIA (Oct. 26, 2:10 p.m. ET) — Ahmedabad, India-based JH-Welltec Machines India Pvt. Ltd. is setting up its own production facility in India.

Currently, the Indo-Chinese injection molding joint venture is operating from a leased site.

The company expects to acquire a 2.3-acre plot in Ahmedabad in the next couple of months and the plant should be operating by August 2014, said marketing director H.R. Nagadia at Indplas’12, held Oct. 5-8 in Calcutta. JH-Welltec plans to invest around $1 million to build the plant.

The joint venture recorded steep growth after it was established in 2010. “We have already sold 90 injection molding machines domestically,” Nagadia said.

JH-Welltec is a joint venture between Jishu-Hozen Machines Pvt. Ltd. India of Pune, and Welltec Machinery Ltd. of Hong Kong.

The Sino-Indian venture was set up to avoid high anti-dumping duties levied in 2009 by the Indian government on imported injection presses from China. India imposes a 174 percent duty specifically on Chinese injection molding machines.

“The idea was to bridge the demand/supply gap of machinery in the rapidly growing Indian plastic industry,” Nagadia said.

Asked if duties have been able to curb machinery imports from China, Nagadia said: “Not really, as the machines are still coming in knock-down or semi-knockdown conditions via Vietnam, Philippines or Taiwan.”

More machinery has started coming in from Malaysia, as India has a free-trade agreement with the 10-member Association of Southeast Asians Nations, he said.


Comments

JH-Welltec to set-up plant by mid 2014 in Ahmedabad

By Satnam Singh
Correspondent

Published: October 26, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Hyundai Mobis investing $24 million to expand in Slovakia

January 22, 2015 9:28 am ET

South Korean auto parts maker Hyundai Mobis has unveiled plans to invest about 21 million euros ($24.1 million) to modernize and expand the output...    More

Image

Pyramid investing in new presses as it targets sales in medical, technical molding

January 21, 2015 1:40 pm ET

Custom molder Pyramid Plastics Inc. is investing to boost its stake in medical and technical molding.    More

Image

Hart takes hands-on approach

January 21, 2015 11:06 am ET

When Melanie Hart walks the floor of one of her plants, she solves problems.    More

Image

Gerd Liebig returns to Demag business

January 19, 2015 8:33 am ET

UPDATED — Gerd Liebig, the former head marketing manager of Engel Holding GmbH, has been appointed managing director-chief sales officer at...    More

Image

Canada's ABC Group to launch Polish car parts plant

January 19, 2015 9:10 am ET

Canadian auto parts supplier ABC Group Inc. has unveiled plans to set up a new production facility in Bydgoszcz, in northwestern Poland, reports local...    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