Manjushree Technopack closes registers growth of over 30% in PAT

(tc-plastic) -- Bangalore based Manjushree Technopack Ltd, leaders in rigid plastic packaging in the country, announced their annual results for financial year ending March 31, 2012. The company has crossed an impressive Rs. 300 crore mark this year and has registered steady growth across all key performance indicators like sales turnover, PBT and PAT.

Announcing the results, Mr. Vimal Kedia, Managing Director, Manjushree Technopack Ltd, said “This year has seen us reach greater heights and the Rs 300 crore turnover is a significant landmark for us. It is only a year ago that we crossed Rs. 200 crores. We also witnessed a 100% increase in our exports last year and we expect it to double this year as well, with huge demand for PET Preforms from countries like USA, South and West Africa and Thailand. Our strong focus on innovation has seen us introduce new designs like the short-neck preforms, and we expect significant demand, particularly from the beverages segment, for such designs. We hope to close the next year at over Rs 400 crore.”

Some of the leading brands that Manjushree works with include Coca Cola, Pepsi, Bisleri, Cadburys, Unilever, GSK and P&G among many others.

mrplast.com

(plasteurope) -- BASF (Ludwigshafen/Germany) is building a state-of-the-art antioxidant production line on Jurong Island, Singapore. No investment cost or capacity figures have been announced. The group said the new line will "strengthen the production focus" of its "Irganox 1010" additives at the Singapore site and will help meet demand from Asia and the Middle East.

When the plant is completed in 2013 it will absorb the production of Irganox currently located at Isohara / Japan. Along with Singapore and Japan, BASF also produces the plastics additives at Shanghai / China, Kaisten / Switzerland, McIntosh, Alabama / USA, Lampertheim / Germany and Pontecchio Marconi / Italy.
MRC

(plasteurope) -- To meet rising regional demand for plastic edgings and profiles, Surteco Asia – a member of Surteco (Buttenwiesen-Pfaffenhofen / Germany) subsidiary Dollken-Kunststoffverarbeitung (Gladbeck / Germany) – in May moved its production facility from Bintan / Indonesia to neighbouring Batam island.

The new site, located near Singapore, will ensure fast delivery times and sufficient production capacities, Surteco Asia said, although the group did not specify the plant’s exact output volume. The group did say that the new facility was set up with Japanese and Korean standard in mind. From Batam, Surteco Asia exports to 17 countries in the region, with a specific focus on printing and surface matching skills.

Surteco said the new plant affords sufficient space to allow it to expand production output in the future.
MRC

(plasteurope) -- Ticona Japan (Toyko) is now able to offer the entire range of the global group’s products to Japanese customers. Since moving to its new offices, the subsidiary of German engineering polymers group Ticona (Sulzbach) is in a position to directly sell all products in the portfolio except for "Fortron" PPS, said country director for Japan, Koji Ito.

“In Japan and the rest of Asia, Ticona is strategically positioning itself to deliver the right material to meet our customer application requirements and the right people to deliver the best solution fast,” said Ito. The company’s global reach, extensive portfolio, and engineering capabilities enable it to work with customers in Japan and Asia at any stage in their process, he added.
MRC

(chemmonitor) -- The Mexico-based company Site Plasticos started a project with investment in polyethylene terephthalate (PET)/polylactide (PLA) production system.

The investment is estimated at about USD 2.8 million. The system is from the US-headquartered major in high performance sheet extrusion machinery, PTi.

This investment will develop and expand the company’s business into a new area. Site Plasticos intends to produce material for thermoformed fruit containers.

The equipment will be delivered to the company in late summer of the current year.

MRC