Page 50 - Plastic News May 2016
P. 50
Business NEWS
Milacron expands facility in Ahmedabad and Coimbatore
Milacron Holdings Corp, the US-based global industrial manufacture Mold-Masters proprietary iFLOW manifold
technology company serving the plastics processing technology. The new technology is an ideal solution for
industry, is eyeing for a robust growth in India as demand applications requiring balanced fill, fast colour changes
for its products such as moulding machines and hot runners and complex cavity layouts. Milling the melt channel paths
experience manifold increase. To tap this growing market, into individual pieces allows for endless melt channel
Milacron Holdings recently completed another round of layout possibilities and eliminates the need for manifold
expansions of its injection, blow and extrusion moulding plugs. The smooth and gentle corners reduce pressure
machine manufacturing facility in Ahmedabad, as well drop in the manifold, helping to flush colours through
as its hot runner manufacturing facility in Coimbatore. the melt channels and provide exceptional fill balance.
“The Indian plastic market continues to impress, and Borealis registers net profit of
Milacron continues to grow alongside it to ensure we are EUR 255 million
able to make our customers possibilities a reality,†said
Tom Goeke, CEO, Milacron. At its Ahmedabad facility, the Borealis has announced a net profit of EUR 255 mln
company has added an additional 9304 square meters for Q1-2016, compared to EUR 137 mln in Q1-2015.
bringing the total footprint to 65,000 square meters. The improved result was driven by the very strong
The additional space will primarily be used for machining margins in the polyolefins business. The base chemicals
business also saw an
and assembly. improved performance
The ground compared to the
floor of the Q1-2015, while the
facility is air- contribution from
conditioned Borouge was lower due
and features to limited feedstock
a state of the availability. In the first
art rainwater quarter, net debt increased by EUR 125 mln largely due
harvesting to the payment of a EUR 425 mln dividend to Borealis’
and shareholders. Despite the increase in net debt, Borealis’
recharging financial position remains strong with a gearing of 22% at
system. The machine manufacturing facility will the end of the first quarter of 2016. Following the start-
enhance manufacturing capabilities and boost Milacron’s up of the Borouge 3 project in 2015, making Borouge the
production volumes to meet the increasing demand for world’s largest integrated polyolefins complex, Borouge
Milacron’s industry leading injection, blow and extrusion has now embarked on an optimisation programme across
moulding machines. Milacron’s India machine plant all sites. With the start-up of Borouge 3, the company
manufactures a large variety of hydraulic, servo and has seen its production capacity more than double to
electric injection moulding machines, blow moulding, 4.5 mln tons. The next step of this project will be the
PET, as well as extrusion machines. overall optimisation of the entire Borouge complex,
including production, supply chain and sales.
“The Indian injection market continues to outperform
estimates and remains a key geographical area of focus The only remaining Borouge 3 unit to be started up in
for Milacron’s brands,†commented Ron Krisanda, COO, Q2 of 2016 is the cross-linked polyethylene (XLPE) plant
Milacron. Meanwhile in Coimbatore, India, Milacron’s hot to bring the combined Borealis and Borouge annual
runner brand, Mold-Masters, completed a 10,000 square polyolefins production capacity to 8 mln tons.
foot expansion in Q2 2015 and have recently added a
large brazed furnace, allowing the India operations to
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