MOSCOW (MRC) -- Pluss Polymers one of the leading manufacturers of specialised polymers and phase-change materials (PCMs), is aiming for manifold increase in overseas business by tapping into new markets and strengthening its existing base across the world, said Plastemart.
This year is planning to increase its presence in markets such Turkey, Russia and Thailand. Pluss Polymers has a strong distributor base in Thailand and is in advanced talks of appointing distributors in Indonesia, Malaysia, Singapore and other ASEAN countries. To capture the growing polymer market, the company is increasing its participation in plastic and polymer exhibitions in these regions.
Built on in-house R&D, Pluss claims to be the first company to manufacture grafted polymers and PCMs in India. It has patents on synthetic paper compounds and has currently filed four patents in the PCM space.
Samit Jain, Managing Director, Pluss Polymers, said, "Being a part of the show in Turkey was very rewarding for us. We also saw very positive interest from other nations like Iran, Saudi Arabia, Jordan, Italy, South Korea and Egypt. With increased involvement in such exhibitions in various markets of the world, we are sure to steadily expand our market base to newer regions, besides fortifying existing associations."
As MRC wrote before, Tata Capital Innovations Fund, VC firm headed by Tata Capital, invested USD2.7 million in specialized polymer maker Pluss Polymers Pvt. Ltd. through equity infusion. The company is in the business of R&D and manufacture of specialized polymers and phase change materials (PCM) and the funds will be utilized to enhance R&D and manufacturing initiatives.
Pluss Polymers is an offshoot of Manas, established to develop and market new technologies and products developed in house. Pluss Polymers was incorporated in 1993 to commercialise the technology for grafted modified polymers and alloys and blends. The company produces super tough nylon alloys under the brand of ADNYL, maleic anhydride grafted polymers, HDPE profiles for the telecom industry, papyrus compound for blown film synthetic paper.
MRC