Taiwan auxiliary equipment firm Shini builds plant in India

By Satnam Singh
Correspondent

Published: December 30, 2013 3:36 pm ET
Updated: December 30, 2013 3:40 pm ET

Image By: Satnam Singh J.N. Bhat, managing director of Shini Plastics Technologies India Pvt. Ltd.

Related to this story

Topics Machinery

MUMBAI -- Taiwanese auxiliary equipment maker Shini Group is relocating to a bigger location in early 2014, moving out of rented space into a new site it says will be eight times larger.

The move for the Taipei-based company will take place by the end of January or early February.

"Currently, we have a production facility in Vasai in the Thane district. The new plant is coming up at Chaken in Pune," said J.N. Bhat, managing director of Shini Plastics Technologies India Pvt. Ltd., at the Plastivision 2013 at Mumbai.

Shini was facing space constraints at the current location. Vasai was a pilot site, which opened in 2009. A new, company-owned facility will extend its product portfolio in the Indian market, he said.

"We will start manufacturing heating systems, robots and automation equipment at the Chaken plant," Bhat said. Shini has invested around 40 crore rupees (about $7 million) in the new plant to tap the growing potential of the Indian market.

"India is a big market and we foresee huge demand emanating out of the plastic industry in the few years. The plant has been built to tap this demand," Bhat said.

The Indian plastic auxiliary industry has an estimated value of 300 crore rupees (about $50 million) annually, growing at the rate of 15-20 percent per year. Local players alone cannot meet the demand, so the market is opening up for foreign players with new technology and improved standards. Shini has ambitious plans in store for India, including multinational production facilities.

The Chaken plant should meet the company's needs for the next five years, but after that Shini will consider expansions into the western or southern parts of the country, Bhat said. Currently, it makes driers, loaders, mold temperature controllers, chillers and other auxiliary equipment.


Comments

Taiwan auxiliary equipment firm Shini builds plant in India

By Satnam Singh
Correspondent

Published: December 30, 2013 3:36 pm ET
Updated: December 30, 2013 3:40 pm ET

Post Your Comments


Back to story


More stories

Image

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Munson Machinery expanding assembly, testing operations

July 22, 2014 2:02 pm ET

Munson Machinery Co. Inc. is expanding its headquarters factory by about one-third in Utica, N.Y., where the company makes mixing, blending and size-...    More

Image

Windmöller & Hölscher looking to continued growth in China

July 21, 2014 3:40 pm ET

With 2013 global sales of 600 million euros, China has grown into an important export market for Windmöller & Hölscher KG, second only to the United...    More

Image

Thermoforming Technology Group adds Lyle Industries to its portfolio

July 18, 2014 2:48 pm ET

Thermoforming Technology Group LLC has expanded its thermoforming equipment presence with the acquisition of Lyle Industries Inc.    More

Image

Infiltrator goes very large scale for injection press

July 18, 2014 1:45 pm ET

Infiltrator Systems Inc. has designed and built a mammoth injection press, with 6,000 tons of clamping force, to mold septic tank halves measuring 15 ...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

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