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

Image

China's PVC exports face challenges

August 22, 2014 2:14 pm ET

Despite robust growth in the first half of the year, China's PVC exports now faces new challenges, due to trade barriers and new capacity ramping up...    More

Image

Recycled HDPE prices climbing

August 22, 2014 11:26 am ET

North American selling prices for recycled grades of high density polyethylene resin have increased in recent months because of tight supplies of the ...    More

Image

Investment firm specializes in emerging polymer firms in Ohio

August 21, 2014 3:20 pm ET

A plastics market veteran is working with an investment firm and a research foundation to help commercialize polymer technology in the Buckeye State.    More

Image

Bayer, SCAC partner on water reuse project

August 21, 2014 12:48 pm ET

Bayer MaterialScience (BMS) and Shanghai Chlor-Alkali Chemical Co. Ltd. (SCAC) have entered into a preliminary agreement for the reuse of waste water ...    More

Image

Automakers look under the hood for the next lightweighting opportunities

August 20, 2014 1:06 pm ET

The automotive industry's current favorite target for lightweighting efforts is the powertrain, according to a recent survey.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events