Plastech News

New Delhi —   One of India's leading PVC pipe manufacturers, Astral Poly Technik Ltd., is in the midst of an expansion in both the northern and southern parts of the country. The company, based in Ahmedabad, is leasing land from the Rajasthan State Industrial Development and Investment Corp. Ltd. at the Ghiloh Industrial Area in the Alwar district of Rajasthan. In a filing with the Bombay Stock Exchange, the company said the facility will make PVC and chlorinated PVC pipe and fittings, initially for the water market, and said it would initially invest about 70 crore Indian rupees ($11 million). In an interview at the Acetech building products show in New Delhi in mid-December, a company official declined to share details on the total investment or capacity, but said the Rajasthan plant would cut shipping costs for supplying northern India, including Delhi and Uttar Pradesh, which are currently served by its Gujarat plant about 600 miles away. In a November call with...

New Delhi —  The Chinese manufacturer of Bole-brand injection molding machines has opened a manufacturing plant in Ahmedabad, India. Zhejiang, China-based Ningbo Shuangma Machinery Industry Co. Ltd. opened a leased factory in June under a new independent subsidiary, Shuangma Machinery India Pvt. Ltd. "We have already commenced production of injection molding presses ranging from 70 to 900 tons at the Gujarat plant," said Ken Cheng, general manager of the subsidiary, in an interview at the Plastasia 2017 trade show in New Delhi. Bole plans to build its own factory in Gujarat in the next couple of years. "Initially, our target is to manufacture 20 presses each month," Cheng said. Bole has ambitious plans to invest $100 million in the India venture over the next four years. "This is considered as one of the first big-ticket foreign direct investments in the plastic processing industry from China, and our target is to take production to up to 1,000 pr...