Mundhra Masterbatches Opens 4th Site in Chennai
New Delhi – Indian masterbatch producers expanding consistently to cater the growing domestic market besides eyeing the growth prospects in the overseas markets of S E Asia, Africa and the Middle East. Mundhra Masterbatches, part of a diversified group, forayed into masterbatch production just over a decade ago in 2011 by establishing first site in Delhi, growing consistently, the second plant sets-up in Delhi again in 2014, followed by third unit in Sonepat (locates in neighboring Northern State of Haryana) in 2018. The Sonepat plant is the biggest facility, spreads over 2-acre area.
Delhi headquartered company has opened the fourth site in the Southern part of the country as part of reaching out to its customer base in the South. “We have opened the fourth unit in Chennai (Capital of Tamil Nadu) to serve our client Samsung. The 10% of the production goes to Samsung and rest to the South Indian market as Southern Indian market itself is a big market for engineering compounds,” said Abhishek Mundhra, Director (Sales), Mundhra Masterbatches. The company now
operates masterbactch producing four sites in merely twelve years of foraying into the vertical.
Commercial production at the Chennai site commenced in the end of August. Invested about ₹70 Million in the first phase, with another ₹60 Million to be invested in the second phase as the orders picks-up in the Southern market. “We made all the investment through internal accruals.”
On exports, Abhishek said, “We were focusing on catering the huge domestic market, but now with Chennai plant starting commercial production, export is also on the radar. We are targeting markets of Africa, the Middle East and neighboring S E Asian countries from the Chennai site. The Chennai plant is considered as the most modern and hi-tech masterbatch unit installed with mix of machinery procured from the US, Germany and Indian suppliers.
All the four units are operating with 15 lines, the newly-opened Chennai facility starts with 2 lines with another two to be installed in the next six months. “The production kickstarted with two lines with 400 ton monthly capacity, with the installation of two additional lines, the production will be doubled to 800 tons per month.” Currently, four plants have cumulative installed capacity of about 17,500 MTPA.
Mundhra Masterbatches claimed to be the only masterbatch producer in the country to produce masterbatches in 32 different polymer carriers such as PA6, 66, PBT, PET, Pharma, POM, PMMA, GPPS/HIPS, SAN, ABS, PU etc. The company acquired expertise in manufacturing color, white, black, additives and customized engineering compounds.
“We are the largest producers of anti-microbial masterbtaches comes under specialty additive category,” he claimed.
It also distributes universal masterbactch of Color Service GmBH, Germany. Working on Twin-Screw Technology, Mundhra also has in-house testing facilities like MFI, carbon black content tester, UTM, iZOD, Muffel Furnace,Spectrophotometer (x-rite) etc. “We also have ready stock of more than 500 different types of raw material for immediate customer supply even in huge quantities.”
As part of continued expansion, Delhi-based company is also in the midst of setting-up a compounding facility in Bawal (Haryana), which would likely to be operational in the middle of 2023.
Growing at about 35% annually, targeting ₹10 Billion yearly turnover, the company is also planning big-ticket investment in the evolving plastic recycling business from 2023. “Plastic recycling is emerging as next big thing in the country, and we are working on a strategy to establish as a major brand in plastic recycling with plans of setting-up multiple recycling sites in different parts of the country in the next one decade,” revealed Abhishek Mundhra.
India has about 30 big masterbatch producers in the organized sector, controlling about 40% of the market. It is estimated to 100,000 tons masterbatch market per month, valued at about ₹100 Billion monthly.
#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling #modernplasticsglobalnetwork #modernglobalnetwok #modernplasticsaward2022 #PlasticIndustry