New Delhi — Chinese and Japanese injection molding machinery makers are planning capacity expansions in India to meet growth in the country's domestic market, particularly with higher-tonnage machines.
At the Plastindia 2023 show, held Feb. 1-5 in New Delhi, executives said the market requires about 10,000 machines a year, with about half made domestically and half imported, largely from China.
The companies said they're gearing their made-in-India expansions toward larger tonnage machines, especially those from 1,000 tons to 3,200 tons clamping force, a category where India imports most of its machines.
China's Haitian Huayuan Machinery (India), for example, is, according to a source, investing more than $20 million in a greenfield site near Chennai, in the South Indian state of Tamil Nadu.
Currently, the Ningbo, China-based firm, which is one of the world's largest press makers, manufactures injection molding machines up to 1,000 tons clamping force at its facility in Mehsana, Gujarat.
A source familiar with the expansion, who spoke on condition of anonymity because it's not been publicly announced, said the company started work on the site in late 2022 and hopes to have production started next year.
"The upcoming site would be operational in the beginning of 2024, to produce 100-150 injection molding presses ranging from 1,000-3,000 tons clamping force," the source said.