New plant in works for Hikon

By Satnam Singh
Correspondent

Published: April 4, 2013 1:38 pm ET
Updated: April 4, 2013 1:41 pm ET

Related to this story

Topics Machinery

BANGALORE, INDIA — New Delhi-based Hikon H.K. Industries is building a dedicated plant in the neighboring state of Haryana to manufacture extrusion lines for plastics recycling.

The company, which is more than three decades old, manufactures about 10 injection molding presses and an equal number of extrusion lines per month at its New Delhi plants.

"We are also scouting for a joint venture partner" for the project, General Manager Sumit Kumar said at Plastasia, held Feb. 22-25 in Bangalore.

Although India lags in recycling equipment technology, the segment offers good growth prospects, he said.

"Taiwan equipment is quite popular in the Indian market. It also suits the India market pricewise, whereas European or Korean equipment is expensive. Therefore, we are keen to have a joint venture or license production with a Taiwanese company," Sumit said.

The company expects the new facility to be operational in the first quarter of 2014.

"We have already acquired the land, and construction could commence in another two months," Sumit said.

Hikon is looking to boost its production capacity to 275 machines annually. The firm's New Delhi plants cannot be expanded.

Sumit said Hikon is active in international markets. The company recently shipped a sheet line to South Africa, and extrusion lines for recycling to Oman and Saudi Arabia, he said.


Comments

New plant in works for Hikon

By Satnam Singh
Correspondent

Published: April 4, 2013 1:38 pm ET
Updated: April 4, 2013 1:41 pm ET

Post Your Comments


Back to story


More stories

Image

Automation firms join forces, look to automotive for future growth

October 24, 2014 2:43 pm ET

Hoping to ease the way for automation in some specialized areas of automotive plastics like laser cutting of door panels, a German robot maker and an ...    More

Image

German export sales strong, push for energy savings continues

October 24, 2014 12:34 pm ET

Germany is the engine that drives the European economy — and when it comes to the plastics industry, German machinery is a potent force, an...    More

Image

Arburg expands presence in China

October 24, 2014 11:34 am ET

German machinery maker Arburg GmbH + Co KG has expanded its office in Shenzhen, China, making it the company's first competence center for automation ...    More

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

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. 1...    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