Alok Masterbatches expands in India, plans for international growth

By Satnam Singh
Correspondent

Published: February 26, 2013 1:43 pm ET
Updated: February 26, 2013 1:57 pm ET

Related to this story

Topics Materials, Compounding, Materials Suppliers

BANGALORE, INDIA — Alok Masterbatches Ltd. is setting-up its fifth production facility in India. The facility will cater to customers in southern India and Southeast Asia.

The plant, in the southern India city of Ranipet, will open in April with annual capacity of 20,000 metric tons, said Aditya Bhadauria, director of New Delhi-based Alok Masterbatches, in an interview at the Plastasia trade show in Bangalore.

The 60,000-square-foot plant will produce a wide range of masterbatches. Bhadauria said the region, which has a growing auto industry, is a big market for compounds.

The plant will give the company overall capacity of 60,000 metric tons annually. Alok has four plants in India — including two in Delhi — plus a plant that opened in Paraguay last year.

Alok is considering additional international growth.

"We plan to have a plant either in the Middle East or in Vietnam in the next couple of years. Vietnam is also offering incentives to foreign investors setting-up plants to cater to the European market," Bhadauria said.


Comments

Alok Masterbatches expands in India, plans for international growth

By Satnam Singh
Correspondent

Published: February 26, 2013 1:43 pm ET
Updated: February 26, 2013 1:57 pm ET

Post Your Comments


Back to story


More stories

McCann expanding in Ohio

December 17, 2014 11:59 am ET

Compounding firm McCann Plastics will spend $1.2 million on an expansion project that will create 15 new jobs at its plant in Green, Ohio.    More

French firm acquires Zimmer-brand polymer technology

December 15, 2014 4:18 pm ET

The deal includes technologies for the processing of polyesters and nylons, and approximately 40 researchers and engineers.    More

Image

Bioplastics global production capacity

December 15, 2014 10:14 am ET

   More

Image

Israeli compounder building $13.1 million facility in North Carolina

December 12, 2014 1:14 pm ET

Tosaf USA, a subsidiary of Kfar Yona, Israel-based Tosaf Compounds Ltd., will build a compounding and masterbatch production facility in North...    More

Image

PPS resin maker Lumena cuts production after ‘difficulties’ with banks

December 12, 2014 11:47 am ET

Polyphenylene sulfide resin maker China Lumena New Materials Corp. said it’s having difficulty “maintaining the continual support” o...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion 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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events