Opportunities in Indian plastic industry stressed
Plastindia Foundation President Arvind Mehta discussed the huge opportunities in the plastic industry during the International Petrochem Conference 2008, held on March 4-5 in Mumbai. According to him, the Indian plastics industry is providing growing business opportunities in terms of raw materials and processed goods, as well as for the machinery sector and finished goods. The Indian polymer industry continues to post an average growth of 15% annually, faster than the 3% - 4% global growth. The total consumption of polymers for plastic applications in India in the current financial year is expected to exceed 6.5 million tons. The growth potential of the plastics industry can be seen from the fact that the per capita consumption of plastics, which is presently around 5 kgs (as compared to the world average of 20 kgs.), is expected to double to around 10 kgs by 2012 as India is all poised to become the third largest consumer of plastics in the world. Exports of plastics are growing at around 21% yearly valued at approximately US$3.1 billion. The target is to export 35% of local production of plastics processing sector by 2012. The Indian plastic industry employs nearly 3.6 million people and this workforce is expected grow to around 7 million people within the next 3 years. The industry is also the fifth largest contributor to the country's revenues.
www.plastindia.org Return of import duty on naptha to push prices of plastics
The Indian Plastics Federation (IPF) noted that the prices of plastics products are expected to increase by 5% - 10% next year following a government announcement to re-impose the 5% import duty on naptha. The proposal to re-introduce the customs duty on naptha, except for the use by the fertilizer industry, may appear not to have a direct effect on the plastics industry. However, the announcement alone has already caused price increases in various grades of polymers which are the basic raw materials for plastics goods, according to IPF president KK Seksaria. Plastics goods manufacturers have been hit hard by frequent adjustments in polymer prices. The March 1 increase has been the third in the past six months. IPF feels that this situation may hinder the plastic industry's efforts to achieve a 14% growth next year.
www.plasticfederation.org Sidel India turns 10
Sidel founded its subsidiary in India at a time when global industry giants like PepsiCo and Coca-Cola were making the switch to PET in a historically PVCdominated market. At the time, this mostly local market consisted of low output packaging lines, and producers typically incorporated blow molding machines into their lines. To meet demand, Sidel India opened an assembly plant in Chakan in 2001- 2002. Located near Pune, the plant produced the first small linear blow molding machines. As for the former Simonazzi, the company had installed its first filler in 1987 and opened an Indian subsidiary in 1997. In 2008, Sidel India will expand its manufacturing operations to include the assembly of additional packaging line equipment.
www.sidel.com Polyplex and Brückner join forces and set new performance benchmark
Polyplex Corporation Ltd., one of the world's largest producers of thin polyester film, with manufacturing facilities in India, Thailand and Turkey are taking their first step into the field of BOPP film production with Brückner Maschinenbau at their side. As a result of this cooperation, they will be establishing an appropriate performance benchmark: the recently ordered 8.7 m line will be the world's most powerful BOPP line to date, with a net output of 6,300 kg per hour, while running at line speeds of more than 500 m/min. The line will bAir Jordan V Low Supreme