Ferromatik Milacron to double capacity in India

By Satnam Singh
Correspondent

Published: January 6, 2014 3:45 pm ET
Updated: January 6, 2014 3:47 pm ET

Image By: Satnam Singh N. K. Balgi, president, Ferromatik Milacron India Ltd.

Related to this story

Topics Machinery
Companies & Associations Milacron LLC

MUMBAI, INDIA — With experts predicting that plastic consumption in India will double to 20 million metric tons annually by 2020, machinery makers are gearing up to meet growing demand.

India’s leading press maker, Ferromatik Milacron India Ltd., is preparing to boost capacity in Ahemdabad, even though it currently does not operate at full capacity.

“We will go-ahead with a big expansion beginning in 2015, doubling the plant capacity,” said President N. K. Balgi, in an interview with Plastics News at Plastivision 2013 at Mumbai.

The company makes about 1,200 injection and blow molding machines annually, and it already has the capacity to make about 1,800.

Balgi said the company is keeping an eye on national elections in India, but it is likely to go ahead with the project regardless of the outcome.

“We are sure India cannot go down from here, it would only go up — whatever government would come into power. The policies would be industry friendly pushing for growth,” he said.

Balgi said it was too early to give details on the cost of the investment, which will boost the plant’s capacity to 3,000 units annually.

“India is a growing market and the plastic sector is growing positively and will continue to grow in the years to come. We were growing 14-15 percent before, and expanding to meet the future demand,” Balgi said.

The plant exported between 300-400 injection presses in 2013, and is hoping for 12-13 percent growth in 2014.

Currently injection press suppliers in India have capacity to make about 6,000 injection presses annually.


Comments

Ferromatik Milacron to double capacity in India

By Satnam Singh
Correspondent

Published: January 6, 2014 3:45 pm ET
Updated: January 6, 2014 3:47 pm ET

Post Your Comments


Back to story


More stories

Image

2014 US machinery shipments up 6 percent

November 25, 2014 5:17 pm ET

Through the first nine months of 2014 U.S. shipments of primary plastics equipment — for injection molding, blow molding and extrusion —...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Taipei Plas vandal and German firm trade lawsuits

November 25, 2014 1:26 pm ET

Taiwan businessman Karma Tang, who splashed red paint at German firm Baumüller GmbH's Taipei Plas booth, is in a messy legal battle.    More

Image

Auxiliary equipment maker Ross expands in India

November 25, 2014 1:12 pm ET

U.S. auxiliary equipment maker Charles Ross & Son Co. is expanding in India, opening a new plant early next year in Pune.    More

German plastics firms weigh options for Brazil

November 25, 2014 6:00 am ET

Brazil, the largest market in South America, has been a lure for foreign investors for many years, and in the past decade, it has enjoyed good economi...    More

Market Reports

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

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