Saturday, December 24, 2011
Friday, December 16, 2011
Wednesday, December 14, 2011
Thursday, October 20, 2011
Monday, July 25, 2011
Friday, July 1, 2011
Friday, June 24, 2011
Thursday, May 26, 2011
Saturday, May 21, 2011
Monday, May 9, 2011
Uflex India plans to build largest film line in US
Uflex Group, the Indian flexible packaging giant, is to build a new facility in the US state of Kentucky and expects it will run the largest film line in the country. The first phase of the US$180 million project will be to set up an 8.7m wide, 500m/min biaxially oriented polyester (BOPET) film line and a plasma enhanced high-barrier metalliser. The line, one of the world’s largest, will turn out 30,000 tonnes (around 70m lbs) of film per year and is expected to be onstream by the end of 2012. Uflex says it will be larger than any other film line presently operating in the US. The US is the world’s largest packaging market accounting for around 20% of global consumption.
In 2005, Uflex began a programme of setting up plants in all major international geographical film markets by commissioning a BOPET Film line in Dubai. Later, it launched facilities for BOPET films in Mexico (in 2009) and biaxially oriented polypropylene (BOPP) films and cast polypropylene (CPP) films in Egypt (in 2010). Three more 8.7m BOPET lines are being installed–including one at a new facility in Poznan, Poland which is expected to be operational by the middle of 2012. This will be Uflex’s first European manufacturing project. The plant is being set up under the aegis of Flex Film Europa. The BOPET plant will be one of the world’s largest film lines, capable of producing about 36,000 tonnes (80m lbs) of film annually. The total investment in the first phase will be US$90m.
Sunday, April 24, 2011
Wednesday, April 13, 2011
Dr. Reddy’s Laboratories opens Centre at Cambridge Science Park, UK
Indian drug maker Dr. Reddy’s Laboratories is going to be opened its newly expanded Chirotech Technology Centre at Cambridge Science Park, UK. The facility is built to Dr. Reddy’s specific requirements for chemistry, biology and analytics. While this capacity will help facilitate an initial doubling of scientific staff in Chirotech while providing for further capacity additions in future as well as strengthen core capabilities in biocatalysis and chemocatalysis, build capabilities in fast growing segments like Activated mPEGs and peptides, and allow development of other areas of expertise in chemistry and processing for use in the pharmaceutical industry.
Tuesday, April 12, 2011
Huntsman Plans Expansion in India
Huntsman Corp. plans to expand and acquire companies in India to keep up with customer demand. The company expects to double revenue from India in the next four to five years. The company will invest $10 million to develop a full-fledged office with research and development facilities and hire around 400-500 people in the next two to three years in India. Last week, Huntsman completed the acquisition of Gujarat-based chemicals manufacturer Laffans Petrochemicals Ltd, its fourth Indian acquisition, extending a technical collaboration with the Indian chemicals maker. Huntsman is expanding capacity to meet demand from clients that have set up factories in India. The company's clients include Procter and Gamble Co. and competitors include BASF SE, Bayer AG and Dow Chemical Co.
Friday, March 4, 2011
The Futuristic Perspectives: Indian Composites Industry
The Indian composites industry has grown significantly in the last two decades and keeps momentum to cater for the requirements from the various sectors. The composites industry in India continued its strong growth in 2010 and recorded nearly a 18.5 per cent growth during January-December 2010. The Rs 6,000 crore Indian composites market has been on an upswing over the last five years with a growth of 18.6 per cent, spurred by a strong demand in pipes & tanks, renewable energy (wind & solar energy), mass transit, automotives, trucks, and power sector. The Reserve Bank of India (RBI), a financial apex body, estimates that Indian GDP could record a growth of over 8.5 per cent in the current fiscal, up from 7.4 per cent in the 2009-10 which is fueling a new set of business for the composites industry.
The Indian composites industry is growing rapidly and is projected to grow at a Compound Annual Growth Rate (CAGR) of 22 per cent over the next four years. In the last five years, the growth rate in Indian composites market has been approximately 18 per cent annually. By the end of 2014, total Indian composites industry would be over $ 3 billion market. The per capita composites consumption is increased from 2004 to 2010 as compared to 0.1 kgs to 0.2 kgs. However, pipes & tanks, transportation, and wind energy sector represent the high growth rate while traction is towards construction, E&E, and aerospace/defense as well as the untapped and fragmented market makes high growth for the domestic and foreign investment.
Driving Forces
Despite the global economic recession, India has successfully coped with the haunting financial crisis of the last three years. There were many combinations of things that saved the Indian economy from dire consequences of the global downturn, like strong GDP numbers, excellent manufacturing activity, high FDI inflows, core sector growth, and others. In fact, global professional services firm, PriceWaterhouseCoopers (PwC), says that Indian economy will register the second fastest growth between now and 2050 and emerge as the second biggest economy in the world by the middle of this century. According to the United Nations Conference on Trade and Development's (UNCTAD) publication, World Investment Prospects Survey 2010–2012, India will be the second-most popular destination for foreign direct investment (FDI) globally over the next two years.
Major usage of composites in India can be found in sectors like pipes, anti-corrosion equipments, wind mill blade, SMC components, street light poles, telecom cables, electrical parts, and others. The composites industry in India is mainly driven by demand from the domestic consumers such as government, civic bodies, PSUs, and NGOs. Growth in India is highlighted by strong demand in the pipes & tanks, wind energy, transportation and construction application markets; that will provide excellent growth and profit opportunities to the market leaders. The oldest, well accepted, matured, and largest user of Indian composites industry has been the chemical industry due to the particular requirements, which could not be achieved by the traditional materials.
Friday, January 28, 2011
Indian Plastics & Polymers Market Outlook
The Indian plastic industry is characterized by the presence of a large number of players in end use applications consisting of over 26,000 small, mid-sized, and large manufactures or fabricators along with 16 major raw material producers. As plastics consumption grew exponentially in 2010 with the total consumption of 8.8 million metric ton (MMT). The current growth rate in Indian polymer industry is 14.6 per cent as compared to 2009 (12.4 per cent). The market is driven by the tremendous growth in packaging, building & construction, consumer goods, and automotive industry. The per capita plastics consumption reached 7.4 kg in 2010 from 4.6 kg in 2005. Due to widely fragmented market, supplier power is low in Indian plastics industry because of the presence of many suppliers relative to the overall size of the industry segment that leads to high levels of competition tend to keep average profit margins at a modest single digit level except for those firms that specialized in custom products.
Commodity polymers, including polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC) enjoy 85 per cent market share of total Indian polymer market, thanks to their low cost, high performance, industries acceptability, and easy formability. Polyolefins (PP & PE) account for about 61 per cent of the total plastics consumption, followed by PVC at around 24 per cent and others by 15 per cent like engineering plastics, speciality plastics, and thermoset. In 2010, among the commodity polymers, low density polyethylene (LDPE) has shown the strongest growth rate of 18 per cent, followed by polyvinyl chloride (PVC) 17 per cent, polypropylene (PP) 15 per cent, and high density polyethylene (HDPE) & linear low density polyethylene (LLDPE) both 14 per cent.
The highest growth rate for LDPE consumption can be attributed to the steadily increasing demand in packaging film, plasticluture, and plus favourable price differential with linear-low density polyethylene (LLDPE). While PVC healthy growth is mainly driven by demand from the building and construction including infrastructure, wire & cables, and footwear sectors. PVC is widely used for applications like pipes & fittings, windows & doors, wires & cables, films & sheets, profiles, footwear, medical tubing and pouches, and floor tiles. The demand is expected to grow during the next five years with growth in building & construction, and infrastructure expected to rise in coming years. Polypropylene (PP) import has been reduced from 2005 to 2010 due to increased domestic production capacity of PP while polyethylene (PE) import is still in the bombilation mood as well as Indian plastics converters are heavily depending on polyvinyl chloride (PVC) imports.
The Indian plastics market is characterized by regional players and also large number of local suppliers. There is also a sort of polarization between small, medium, and big sized companies as large organisation is in highly specialized end-use products while the smaller ones is in the commodity products. As much as 75 per cent of the market is in the unorganized sector and is highly competitive. There are some excellent polymer producers in India having sophisticated and modern automated plant. A good amount is also exported outside. However, there is absence of sufficient supply of speciality polymer and it is imported. Among the Indian polymer suppliers, Reliance Industries Ltd (RIL) has largest market share of more than 70 per cent.
Conclusion
The consumption of plastics will increase about 2.5 fold from 2010 to 2016. The commodity polymers will have the largest share at 88 per cent while polyolefins will remain at about 61 per cent market share of total Indian plastics consumption. In India, extrusion-based methods account for 62 per cent of the total amount of plastics processed, followed by the injection molding at 27 per cent. For the plastics business perspective Gujarat and Maharashtra appear attractive based on availability of raw materials, conducive environment, and policy support for investments.
The consumption of plastics will increase about 2.5 fold from 2010 to 2016. The commodity polymers will have the largest share at 88 per cent while polyolefins will remain at about 61 per cent market share of total Indian plastics consumption. In India, extrusion-based methods account for 62 per cent of the total amount of plastics processed, followed by the injection molding at 27 per cent. For the plastics business perspective Gujarat and Maharashtra appear attractive based on availability of raw materials, conducive environment, and policy support for investments.
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