Page 44 - Plastics News February 2018

BUSINESS NEWS

HSIL commissions Rs. 160-cr pipe HPL Additives to invest Rs. 200

plant in Telangana crore in Gujarat

lastic waste eliminator HPL Additives Ltd plans
anitaryware company HSIL Ltd has commissioned
Sa Rs. 160-crore manufacturing plant in Telangana which Pto set up its new plant in coastal Gujarat with an
enables the company to diversify into CPVC and UPVC investment of up to Rss 200 crore in the next couple
pipes business. With this backward integration project, the of years. The company is also set to launch for the
company is well positioned to offer products for the entire first time in India HIGREN OBA, an advanced oxo-
bathroom requirements now, including pipes. Located at biodegradable additive, “We currently have three plants
Ishnapur in Medak district of Telangana, the pipes unit, in Faridabad, Haryana, and one in Deerabasi, Punjab,
which has a manufacturing capacity of 30,000 mt, is with a combined annual capacity to manufacture up
proposed to be doubled by 2020. Sandip Somany, Vice- to 10,000 tonnes of additives and other produces.
Chairman and Managing Director, said: “Venturing into Our fourth plant is proposed to be set up in Gujarat
pipes segment is a to manufacture and secure supply of raw materials
natural extension for our backward integration process as part of
of our portfolio expansion,” Umesh Anand, Joint Managing Director,
o f bathr o o m said on the sidelines of PlastIndia-2018, the 10th
products streams edition of International Plastic Exhibition, Conference
from “from front and Convention of the industry that began at Mahatma
of the wall” to Mandir in Gandhinagar. The company is actively looking
“behind the wall”. at setting up the plant at Dahej in South Gujarat. The
We aspire to be company manufactures polymer additives and speciality
among top four brands in the country over the next five and industry chemicals.
years in this space.” “The general trend points towards He said HPL Additives, founded in 1964 at Faridabad,
increasing use of corrosion-free pipes in the country’s plans to double its turnover by 2020. Nearly 55 per cent
growing plumbing industry. This is a big positive for our of its revenues comes from exports to over 50 countries
new unit as there are very few well established players in in Europe, the Americas and Far East Asia. The company
the industry in this segment,” he said. The company has is all set to launch for the first time in India HIGREN
entered into an alliance with Sekisui Chemical Co Ltd, a OBA, an advanced oxo-biodegradable additive, which,
leading $9 billion in revenue Japanese company for supply when added during the manufacturing process, induces
of Chlorinated Polyvinyl Chloride (CPVC) resin that goes faster degradation and biodegradation of plastic and
into manufacture of these pipes. “We have entered into convert it into compost in less than five years, which
this segment and expect a turnover of about Rs. 500 crore may otherwise take decades or even centuries. For
within three years and take it up to Rs. 800 crore within
five years. The market for such pipes is poised for huge
upside in the housing sector, water transport and under
the Swatch campaign,” he explained.
Referring to its expansion projects taken up with a capex
of Rs. 350 crore, Somany said that the company expects to
commission its expanded security bottle caps facility also
located in Telangana by September.This project, set up
with an investment of Rs. 100 crore, will take the capacity
up from 230 million units to one billion units per annum.
Somany said HSIL board would meet in May to finalise its this, HPL Additives, which has around 75 per cent share
plans for the future, where decision of further expansion in India’s polymer additives and specialty chemicals
and capex deployment is likely to be finalised. The newly industry, has acquired licence from Canada’s EPI Inc
commissioned fully-automated manufacturing unit is the for manufacturing Oxo-Biodegradable Additives (OBA).
first in the plastic sector to be rated under the IGBC code.

Plastics News Feb ruar y 2018 44