Page 26 - Plastics News February 2018

COMPANY NEWS

Illig Maschinenbau to expand PolyOne adds TPE capacity in

India operations India

rowing business in India is prompting German hio-based
Gthermoforming equipment maker Illig Maschinenbau OPolyOne Corp.
GmbH to move to a larger factory in the country perhaps is adding production
in Bengaluru . of thermoplastic
elastomers to its
Hans-Peter Roth, director of production at the Heilbronn, existing factory in
said, "We are now hiking our involvement with Indian Pune. The company will
clientele and moving to a bigger assembly operation." start manufacturing
He said the Indian packaging industry is growing 10 to 15 TPEs this summer at the Pune facility, where it currently
makes color and additive concentrates and engineering
percent a year. Roth said the firm has already bought a new plastics compounds. Craig Nikrant, president of
location and construction work is likely to begin next year, specialty engineered materials said, "We are the only
global company to offer all of these domestically
produced materials in India. Customers benefit from
shorter lead times due to domestic production, and also
from our global network of polymer science expertise."
The company opened the plant in 2014, focused on
transportation, electronics, health care, wire and cable,
and packaging. It added engineering plastics production
last year.The company said that the new capacity would
remain focused on India's domestic market, including
sectors like the automotive industry, consumable goods
and packaging.

as it applies for necessary approvals with local authorities.
He said it hopes to open the new 160,000-square-foot Coca-Cola to work on recycling
facility by the end of 2019 or early 2020.
h e Coca -Cola
According to Roth the company chose Bengaluru because TCompan y h a s
of availability of skilled labor and proximity to Southeast agreed to work closely
Asia and the Middle East. It prefers India for its assembly with theMaharashtra
operation over China, where it has no manufacturing government on food
processing, recycling
facility, although it does have an application, training,
service and sales center there, company executives said. of plastic, and waste
management after Hon'ble Chief Minister Devendra
"The idea is to spread out in the whole South Asian region Fadnavis met President and CEO James Quincey in
from the India operation," said Oliver Wolf, director of Davos. Fadnavis met Quincey at Magnetic Maharashtra
sales and marketing. Bringing its manufacturing costs in Pavilion in Davos which is hosting the World Economic
line with India's price-sensitive market is a part of the Forum summit. The CM tweeted, "Coca-Cola agreed to
reason for expanding, Wolf said: "We are expensive and work closely with GoM on food processing, recycling
that is the reason of manufacturing locally." The company of plastic and waste management. Discussions were
continues to supply critical components to the India held on job creation in the new economy, automation
and re-skilling and also on the roadmap for the trillion
factory from Germany, but hopes to develop its local
vendor base. dollar economy,"

Plastics News Feb ruar y 2018 26