India's Blend Colours Pvt. Ltd. is expanding capacity at two sites at its headquarters campus in the south Indian state of Telangana.
The masterbatch and compounding manufacturer, which is part of the $200 million Shree Group, is hiking capacity by 15,000 metric tons a year in two phases.
The company added 7,500 metric tons of production in 2020, raising its manufacturing capacity to 44,000 tonnes. It plans to add an additional 7,500 tonnes by the middle of 2023, raising its combined installed capacity to 51,500 tonnes.
The company has already acquired land and ordered machinery for the second phase of the expansion, which will include 6,000 tonnes of black masterbatches and 1,000 tonnes of white additive and extrusion coatings. An expansion of 500 tonnes of silicone has already been completed.
"The expansion will be carried out at two units and the product lines that will be added are black, color and additives," said Sharad Rathi, BCPL managing director.
Currently, the company operates three sites in Hyderabad, the capital of Telangana, as well as warehouses and sales offices in Ahmedabad, Bengaluru, Vapi and Noida.
It invested about 120 million rupees ($1.4 million) in the first phase of the expansion and expects to spend another 120 million to 150 million rupees ($1.4 million to $1.8 million) in the second phase. The additional capacity would meet demand for specialty products in both export and domestic markets.
BCPL started operations in 1998 and started exporting in 2007. It makes color, black and white masterbatches, as well as additive masterbatches and single pigment concentrates. It also produces polypropylene nonwoven masterbatch and fillers, as well as masterbatches for PET and polypropylene products.