Page 28 - Plastics News January 2018

CompAny news

Astral Poly Technik expands IndianOil adopts 2018 as ‘Year

capacity of Trust'

stral Poly Technik Ltd., is in the midst of an expansion he country's largest customer-facing organisation,
Ain both the northern and southern parts of the country. TIndianOil Corporation (IndianOil), has adopted 2018
According to reports the company, is leasing land from the as the 'Year of Trust.' From Pradhan Mantri Ujjwala Yojana
Rajasthan State Industrial Development and Investment (PMUY) to daily price revision of petrol & diesel, to the
Corp. Ltd. at the Ghiloh Industrial Area in the Alwar decision to leapfrog
district of Rajasthan. In a filing with the Bombay Stock BS-VI fuels supply
Exchange, the company said the facility will make PVC and to Delhi by April
1, 2018, two years
chlorinated PVC pipe and fittings, initially for the water
before its actual
implementation
date, are a few
instances where policy-makers trusted the delivery
potential of IndianOil. "The observance of 2018 as the
'Year of Trust' is a unique opportunity to sustain the
Company's trust among its customers and stakeholders
by enhancing our capabilities and our integrity, as
individuals and as an organisation,” said IndianOil
Chairman, Sanjiv Singh while unveiling the corporate
theme for the year 2018.
“Backed by our inherent strengths as a team and as
an organisation, it would be a great project to make
market, and said it would initially invest about 70 crore TRUST an enduring value across our supply chain,”
Indian rupees ($11 million). It is learnt that the Rajasthan he added. Every second Indian is served by IndianOil
plant would cut shipping costs for supplying northern India, employees, channel partners and their team members
including Delhi and Uttar Pradesh, which are currently through more than 47,000 customer touch points. Year
served by its Gujarat plant about 600 miles away. 2016 was the 'Year of Core Values', while the year 2017
was observed as the 'Year of Innovation and Technology.'
Earlier in a November call with analysts, the company said Starting from refineriesa nd pipeline networks to bulk
it hoped to start commercial production in February. In storage terminals and fuel stations, adoption of smart
the call, company officials also said they hope to have an technologies,e-portals for customer convenience and
expansion at their plant in Tamil Nadu, in India's south, efficient use of SAP have resulted in greater efficiency.
completed in April. That will also double capacity there, Now, a full-fledged CRM (customer relationship
and includes 25 new injection molding machines. Astral management) solution is being implemented to engage
also said it formed a strategic sourcing venture with more closely with customers. Indian Oil during 2017 also
Sekisui Chemical of Japan to procure CPVC resin for hot selected 11 innovative research proposals for support
with its start-up fund. The resolution to adopt 2018 as
and cold-water plumbing systems.
'Year of Trust' comes at a particularly important moment
Earlier, it had terminated a resin sourcing agreement with as India joins countries like France and China to stand
the U.S.-based Lubrizol Corp. Recently, Astral launched a by the accord to meet the challenge for a low-carbon
surface drainage product with Germany's Hauraton GmbH sustainable future in the COP-23 Bonn Summit held in
and Co. KG, using 100 percent recycled polypropylene. November 2017. For India, moving in consonance with
Established in 1996, the company has a network of 750 the commitment would mean an increased share of
distributors in India and said it exports to more than 20 Natural Gas and Renewables in the future energy mix.
countries. Being a market leader IndianOil will be once again
leading this national agenda in the coming years.

Plastics News Januar y 2018 28