Page 31 - Plastics News September 2020

Tri-Seal invests $1 million in new closure liner Clariant Chemicals reports Rs 128.9-crore Q1
manufacturing facility in Noida sales

ri-Seal, a Tekni-Plex business, has invested $1 lariant Chemicals, a focused, sustainable and
Tmillion in a new closure liner manufacturing Cinnovative specialty chemical company
facility in Greater Noida, India. The company's latest announced its first quarter financial results for the
investment in foil laminating, four-color rotogravure quarter ended 30 June 2020. The company reported
printing and inspection equipment will significantly
profit before tax of Rs 4.1-crore for the quarter ended
reduce lead time for closure liners used in
June 2020, as compared to profit before tax of Rs 10.5-
pharmaceutical, food, household/industrial chemical
crore for the quarter ended June 2019 — witnessing a
a n d c o s m e t i c
applications in drop of 61% caused by the impact of Covid-19 outbreak
India. The new
8,000 sq. meter
(86,000 sq. foot)
facility, which
operates under
the Tekni-Plex
India Pvt. Ltd.
n a m e , i s 6 0 %
larger than Tri-
Seal's previous
manufacturing
location in the
same area. The
investment in
equipment and
additional space now allows the company to laminate and subsequent continued nationwide lockdown. The
one- and two-piece heat-seal liner structures in India, company reported decline in sales of 39%, at Rs 128.9-
with the same specifications and raw material used by crore, for the quarter ended June 2020 as against Rs
its U.S. manufacturing facilities. The investment will 209.8-crore for the corresponding quarter in the
help support India's growing demand for closure liners
previous year. The company closed its offices and
as the country continues to expand its marketplace
laboratories across the country on 16 March, well
offerings. “Tri-Seal has nine liner manufacturing
before the national lockdown, as it wanted to be
locations around the world. Previously, we were
abundantly cautious with managing the Covid-19 risk
shipping material via ocean freight from the United
at the workplace. Subsequently, it closed our plants as
States to India and converting it there into liners. Now
that we have added foil laminating capability in India, well. “However, we started manufacturing gradually
lead times have been decreased six-to-eight weeks to bolster the essential services sectors to support the
enabling us to provide faster delivery. Further, country to cope with the pandemic. The financial
multinational companies who want to have fast access performance of the company was impacted in the first
to the same high-quality liner material across the globe quarter (April – June) 2020-21 by this disruption
will also benefit,” explained David Andrulonis, senior caused by Covid-19, although there were definite signs
vice president and general manager, Tri-Seal. The new of recovery towards the end of the Q1FY20/21,” Adnan
facility, located in the Gautam Budh Nagar district of Ahmad, vice-chairman and managing director,
the Uttar Pradesh state, will also have expanded Clariant Chemicals, said. He added that the company's
testing capability via an in-house laboratory. Its new
focus on excellence in execution has given it the
four-color rotogravure printing capability will enable
resilience to stay profitable, reduce costs and manage
customization for brand messaging or usage
cash to prepare us to weather this storm.
instructions.

September 2020 31 Plastics News