Indian firm Rajiv Plastics Ltd., which said it is one of Asia's largest masterbatch makers, expanded capacity earlier this year by 40 percent, to about 75 million pounds annually, in response to growth in India's durable-goods markets.
Mumbai, India-based Rajiv said it is seeing more demand from multinational companies manufacturing in India, including Whirlpool and Electrolux, and from customers in the packaging and automotive industries.
“There is a lot of growth in engineering plastics compounds,” said the firm's director, Hemant Minocha, in an interview at NPE2012, held April 1-5 in Orlando. “We want to be able to turn around and give our customers material in a few days.”
The company supplies color and additive masterbatches for commodity and engineering plastics, polymer compounds and alloys, and pre-colored engineering compounds. The company also does toll compounding.
Rajiv has Indian factories in Silvassa and in Pune. The Pune factory is close to that city's automobile manufacturing base, in- cluding factories for General Motors, Volkswagen, Mercedes and Fiat, as well as India's Tata Motors.