Pipe maker Finolex to expand in eastern India

By Satnam Singh
Correspondent

Published: June 13, 2014 10:28 am ET
Updated: June 13, 2014 10:33 am ET

Image By: Satnam Singh Dhanorkar

Related to this story

Topics Asia, Agricultural, Construction, Extrusion, Pipe/Profile/Tubing

MUMBAI, INDIA — Finolex Industries Ltd. has increased capacity of its PVC pipe plant in Maser, India.

The plant became operational in March 2013 with annual capacity of 30,000 metric tonnes.

“We have increased the annual capacity by 20,000 tonnes in March 2014,” said managing director Saurabh S. Dhanorkar, in an interview with Plastics News at the Vinyl India conference in Mumbai.

The company has invested about $20 million in the plant to serve the fast-growing market in northern India. The plant was the company’s first outside India’s Maharashtra region, where Finolex has two plants.

“There is a huge demand for quality PVC pipe, and the market is growing rapidly in India,” Dhanorkar said. “Moreover, with infrastructure and housing projects are going on throughout the country, the PVC pipe market has not been affected by the slowdown as in other sectors.”

The company has plans to expand its plant in Pune, and to establish a production base in eastern India. The regional expansion is likely in three to four years.

Dhanorkar said the irrigation sector is driving growth in the PVC pipe market in India. In addition to pipe, Finolex makes PVC resin and fittings.


Comments

Pipe maker Finolex to expand in eastern India

By Satnam Singh
Correspondent

Published: June 13, 2014 10:28 am ET
Updated: June 13, 2014 10:33 am ET

Post Your Comments


Back to story


More stories

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Soy-based foam improves window performance, sustainability

December 18, 2014 12:51 pm ET

Launched in April 2013, Madison, Wis.-based WFI Global LLC is making a name in the fenestration market with what it says is a distinct product...    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Bayer launches PC sheet production in Guangzhou, China

December 17, 2014 6:00 am ET

Bayer MaterialScience (BMS) has started its new polycarbonate sheet production plant at its Guangzhou, China, site.    More

Image

Shipping slowdowns add to season's stress

December 16, 2014 4:02 pm ET

Toy companies know what they want for Christmas: an end to crippling shipping delays at West Coast ports.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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