Blow molding machine maker Jagmohan Pla-Mach Pvt. Ltd. is expanding capacity to grow its product range, and used K 2022 to enhance its international presence.
The Mumbai-based company said it's anticipating growth and plans to begin operations at the new site in Asangaon, in suburban Mumbai, in April.
"We are facing capacity constraints, therefore, we acquired additional land of 50,000 square feet to expand the existing site," Managing Director Nikunj Shah. "Currently, the site spreads over a 150,000 square feet area."
The additional area will be used to expand the product range and capacity for making high-speed auto-deflashing blow molding machines for mono-layer and multilayer applications, along with injection blow molding machines.
Currently, Jagmohan produces the auto-deflashing series in various combinations, including double station/single layer, double station/double layer, double layer/triple station and multilayer.
According to the company, the multi-layer extrusion blow molding segment is expected to grow in between 30 percent and 40 percent annually for the next two or three years.
"We have experienced a surge in demand for the auto-deflashing and IBM series and the momentum is expected to pick-up further," he said.
"We are investing about 150 million rupees ($1.8 million) in the proposed expansion," Shah said.
Currently, the Asangaon site delivers on average of 350 machines annually, and with the expansion that would likely increase to 500 yearly, he said: "With extra space, the delivery schedule will be further shortened."
Jagmohan said it has 4,500 installations to its credit in about four decades of operation, with over 250 models of extrusion blow molding machines with container size of between 5 milliliters and 5,000 liters.
The company said it's growing at 15 percent a year and with the capacity expansion its annual turnover would likely increase from current 1.5 billion Indian rupees ($18.3 million) to 2 billion rupees ($24.5 million) in the next fiscal year.
The company exports to about 60 countries, mostly in Southeast Asia, the Middle East and Africa.
"We are also exporting to Europe, with Italy being one of the main markets along with Ukraine," Shah said. "We have also exported the auto-deflashing series to the U.S. market."
The company entered Europe in 2013, exporting the first 2,000-liter extrusion blow molding line to Italy, while exports to the U.S. started with injection blow molding equipment in 2019. The Asangaon plant started production in 2010.