China's Tederic looks at making presses in India

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: December 13, 2013 11:52 am ET
Updated: December 13, 2013 11:54 am ET

Related to this story

Topics Machinery, China, Asia

MUMBAI, INDIA — Chinese injection press maker Tederic Machinery Co. Ltd. and its Indian partner S&T Engineers Ltd. are considering assembling and manufacturing some molding machines in India to better tap the local market, according to an S&T executive.

Discussions are in the early stages but the companies see potential to better tap into India’s growing use of plastics in manufacturing automobiles, household appliances, pipes and packaging, said Subhabrata Chakraborty, sales manager with S&T’s plastics machinery division in Coimbatore.

“It is very much a preliminary discussion between our management and their management,” Chakraborty said, in an interview at S&T’s booth at the Plastivision trade show, held Dec. 12-16 in Mumbai. “By manufacturing in India, we believe we can give some cost savings to customers. … The demand of plastics in India is huge.”

He said Tederic has sold about 1,000 machines in India in the last nine years. He said the two companies only started working together about 18 months ago.

Tederic, which is one of China’s largest makers of molding machines, manufacturers presses at its headquarters in Hangzhou, Zhejiang province, and in Manila, the Philippines.

S&T does not manufacture its own plastic machinery but the company has other divisions that make equipment for mold making, including CNC machining centers, electrical discharge machining centers and grinding equipment. It has about 350 employees, he said.

India’s government currently has anti-dumping penalties of up to 223 percent on some Chinese-made injection molding machines, but Chakraborty said that’s not a significant factor driving the discussions. Tederic’s Philippine-made presses are not subject to the anti-dumping duties, and the companies instead see the potential to shorten delivery time to India and show commitment to the market, he said.

“We are trying to give that confidence to customers,” he said.


Comments

China's Tederic looks at making presses in India

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: December 13, 2013 11:52 am ET
Updated: December 13, 2013 11:54 am ET

Post Your Comments


Back to story


More stories

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Renners leaving Sumitomo (SHI) Demag

November 21, 2014 10:01 am ET

Christian Renners is leaving injection molding press manufacturer Sumitomo (SHI) Demag Plastics Machinery GmbH, the company announced Nov. 21.    More

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

High pressure RTM systems moving from Europe to Mexico

November 20, 2014 4:24 pm ET

Engel Holding GmbH's subsidiary in Mexico says it has sold the first high pressure resin transfer machine system (HP-RTM) in the Americas to a Mexican...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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 Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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