Page 47 - Plastics News Issue December 2024
P. 47
BUSINESS NEWS
MBA Polymers investing €10m to
expand operations into India
The expansion aligns with MBA Polymers' com-
mitment to sustainability and the circular econ-
omy, as it seeks to meet growing demand for
recycled materials in India. The Indian market
presents substantial opportunities due to its
burgeoning automotive sector, increasing con-
sumer goods demand, and government initia-
tives like "Make in India," which are expected to
drive further growth in the polymer industry124.
Sangram Singh, General Manager for MBA Poly-
mers in India, emphasizes the company's focus
on building a global leader in the circular plastic
economy through innovative recycling solutions.
The new facility is expected to create numer-
ous jobs and contribute significantly to reducing
MBA Polymers is set to invest €10 million to ex- plastic waste in the region
pand its operations into India, marking a signif- Source: - Sustainable Plastics
icant step in its growth strategy within the re-
cycling sector. This investment will support the
development of a new production facility aimed
at enhancing the company's recycling capabili-
ties and increasing its capacity to process post-
consumer plastics.
Engel acquires stake in India’s
Electronica Plastic Machines
n a strategic move to strengthen its presence
in the Indian market, Engel, a leading global
Iprovider of injection molding machines and
automation solutions, has announced the acqui-
sition of a significant stake in Electronica Plas-
tic Machines. This partnership aims to enhance
Engel's capabilities in providing advanced manu-
facturing solutions tailored to the needs of the
December 2024 PLASTICS NEWS 47
