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Plastics News India

Perstorp signs Memorandum of Understanding at “Make in India”

/ by plasticsinfomart

Perstorp, a world leader in specialty chemicals has been participating in the event “Make in India”. By signing an MoU with MIDC (Maharashtra Industrial Development Corporation), the company initiates the process of evaluating the opportunity to invest in a new world scale production plant for Penta in India. The related market for coatings is growing […]

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Plastic Raw Material Plastics News India

Taxation on imported raw materials disturbing manufacturers

/ by plasticsinfomart

Start-ups being acquainted with the idea of generating varied and distinguished products are finding it difficult to compete in the domestic market owing to the tax imposed on imported raw materials  which are unlikely to be available in India. In a brief conversation with Anubhav Goel, Managing Director, High street lighting Pvt Ltd, KNN gets […]

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Plastics News India

Delhi Govt open to use of ‘biodegradable’ plastic bags

/ by plasticsinfomart

New Delhi: The city government is open to allowing “biodegradable” plastic carry bags in the national capital and may convey this to the Delhi High Court which had stayed a complete ban on their use in 2012. The Sheila Dikshit-led Congress government had issued a notification in October 2012 banning manufacture, sale, storage, usage, import […]

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Product News

To focus on value added products with high margins: Supreme Ind

/ by plasticsinfomart

Supreme Industries, India’s largest plastic processing company has been the biggest beneficiary of lower crude prices, which helped margin improvement as well as capacity utilisation in a big way is the word coming in from MP Taparia, MD, Supreme Industries. Supreme Industries reported more than twofold increase in consolidated net profit at Rs 82.14 crore […]

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Plastics News India

Current scenario & way forward for Indian plastic industry

/ by plasticsinfomart

Global economic growth is generally interlinked to petrochemical consumption where plastic is an important partner. Plastic processing is the pillar of economy in most of the advanced economies. Per capita consumption of the world is 28 kg whereas India’s 11 kg and China 38 kg, Brazil 32 kgs. USA, Germany, UK, Italy, Spain, Australia, Japan, […]

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Plastics News India

Let’s do Make In India without duties: AIPMA

/ by plasticsinfomart

New Delhi Jan 30 (KNN) The Government is set to increase the anti-Dumping duty up to 44.7 per cent on imports of certain kinds of plastic processing machines from four countries-Vietnam, Malaysia and the Philippines. The industry does not seem to be happy with this upcoming move. Talking to KNN, President of All India Plastic […]

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Industry

More plastics than fish could be in ocean by 2050, Ellen MacArthur Foundation report warned

/ by plasticsinfomart

A new Ellen MacArthur Foundation report, finished in partnership with the World Economic Forum, warned that if no imminent actions are being taken, by 2050 there would be more plastics than fish (by weight) in the ocean. The use of plastics has increased 20-fold in the past half-century, from 15 million tons in 1964 to […]

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Plastics News Plastics News India

Plastic Pipes 2015 Conference

/ by plasticsinfomart

First ever PLASTIC PIPES in India were installed in early 1960s at Chhatrapur, Uttar Pradesh. In this span of just over 5 decades, the plastic pipes industry in India has grown leaps and bounds and is catering to practically all the end use segments including water & waste water transportation, plumbing, agriculture, electrical and telecommunication, […]

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