Plastics News India articles

Indian natural rubber output rebounds on higher prices

Indian natural rubber output rebounds on higher prices

KOTTAYAM, India—Higher prices have contributed to a significant pickup in India’s production and export of natural rubber, the country’s Rubber Board has reported. Production during the last fiscal year reached 690,000 metric tons, well above a forecast level of 654,000 tons and 22.8 percent above the 562,000 tons recorded in 2015-16. NR production this MarchRead More

Intertape Polymer To Invest $ 20 Mn In India To Expand Packaging Tapes Capacity

The US-based company will expand the capacity of Daman facility of Powerband (in which it acquired 74% stake in September 2016) and construct a greenfield facility in the country The US-based Intertape Polymer Group Inc, which manufactures paper and film-based pressure-sensitive tapes for packaging industry, is planning to invest $ 20 million (about Rs 135Read More

Swiss Firm Maag Aims To Tap Indian Plastics Industry With New Unit

The new service centre houses a rotor sharpening workshop for strand pelletisers, which are used to produce plastic resin pellets With an aim to tap the fast-growing plastics processing market in India, Maag, the Switzerland-based manufacturer of gear pumps, pelletising systems, filtration systems and pulverisers, has opened its first sales and service centre in theRead More

India’s Food Packaging Industry Crosses $50 Million Mark: Study

The value of food and beverage packaging market in India has risen to around $16 bn in 2015 from $12 bn in 2010 Clocking a compounded annual growth rate (CAGR) of around 16%, the packaged food market in India is expected to have crossed the $51.5 million mark in 2015, said a joint study undertakenRead More

Assam Has Potential To Become Hub Of Plastic Industry: State Industry Minister

Guwahati, Sep 13 (KNN) State Industries and Commerce Minister Chandra Mohan Patowary has said that Assam has huge potential in plastic industry with a massive campaign underway to tap the opportunities. Speaking at the seminar organised by the Federation of Industry and Commerce (FINER), he said “Plastic has become omnipresent in our daily life. InRead More

Plastic Goods Exports To Double In 5 Years: PLASTINDIA

Plastics consumption of India is set to increase from 12 MMT to 20 million MMT per annum by 2020. The Dollar Business Bureau The exports of plastic finished goods are set to almost double from the current $7.9 billion to $15 billion in next five years. The industry is determined to play a significant roleRead More

Vital Paper To Set Up A Packaging Unit In Sri City

Singapore-based Vital Paper Products, which currently produces office and school stationery among other paper products at its existing units in Sri City, has laid the foundation stone for a new corrugated packaging division with an investment of Rs 60-crore. To be set up on a 2.8-acre plot, the packaging unit will house a four-colour printingRead More

Chinese Company To Invest $45M In Spartanburg

Automotive plastic mold part supplier to add 150 jobs in county China-based Jiangnan Mold Plastic Technology Corporation is establishing operations in Spartanburg County, investing $45 million and adding 150 jobs over the next five years. The new plant will be located at 1000 Robinson Road in Greer and is expected to be fully operational inRead More