NEW DELHI (Feb. 21, 11:30 a.m. ET) — Indian PVC film producer Canadian Speciality Vinyls is adding a second plant in Kashipur, in the state of Uttarakhand, to meet what it said is rapidly growing domestic demand in India.
The new facility, with a production capacity of 1,000 metric tons a month, is expected to start operating in the middle of the year, to complement its existing 2,500 metric tons per month plant in a separate location in Kashipur, said CSV executive Shikhar Mahajan, in an interview at the Plastindia trade show, held Feb. 1-6 in New Delhi.
“Demand is really surging and the mother plant is running to the full capacity,” said Mahajan. “India's production capacity is too small compared to surging demand. If we compare it with China, the production capacity is not even one-fifth. Therefore the scope is huge in years to come.”
The family-owned company, which is headquartered in New Delhi, produces calendared rigid PVC film for pharmaceutical and thermoforming industries. It also makes calendared films used in various industrial and commercial applications including banners, billboards, pneumatic toys, floor coverings, raincoats, plastic bags and other items.
Mahajan said the company is focusing on internal markets: “Not only the demand is good but the margins are better in the Indian market.”
The company said it uses automatic calendaring equipment from Italy's Comerio Ercole SpA and five-roll calendar equipment from other European suppliers. The company can manufacture calendared films up to the net width of four meters, with thickness from 0.03 millimeters (30 microns) to 2 millimeters.
CSV previously had what Mahajan described as a “technical joint venture” with an unspecified Canadian company. He declined to provide more details about the joint venture, which he said lasted about a year before ending.