|
||||||||||
 |
|
|
|
|
|
|
|
|
|
 |
|
June - July 2008
Opportunities in Polymer industry
22 July 2008
India’s polymer production has been growing at a CAGR of 5.4 % between 2001-02 and 2006-07 with an increase in growth from 3.9 million tons to 5.2 million tons respectively.
Performance plastics have witnessed a growth of CAGR 8% during the same period.
Opportunities in the plastic industry are growing with the growth in user segments such as auto components, consumer durables and telecom. Growth in food and beverage and FMCG segments has created opportunities in packaging.
The growing opportunities have also motivated Indian polymer manufacturers who are set to expand their capacity by over 40% in the next three years. It is expected that the expansion will bring in a large-scale of jobs and increase domestic consumption of plastics, which is set to touch 12 million tones by 2010.
Ten Indian petrochemical companies are also planning an investment of over US$ 34.69 billion in projects that are likely to get commissioned between 2008 and 2011. it is estimated that this will raise India’s petrochemical production from the current five million ton to about seven million ton a year.
BPCL-KR finds way to dispose waste plastics
22 July 2008
The BPCL-Kochi Refinery has come out with a solution to dispose of waste plastics without causing any disturbance to the eco-system. The R&D division of Kochi Refinery had conducted an experimental study on the use of waste plastic as a bitumen modifier. As per the study, up to 3 % of waste plastics could be added to the bitumen by adopting ‘onsite’ mixing strategy. The study concluded that was possible to incorporate clean shredded waste plastic in the bitumen while road paving. The Karnataka PWD has laid about 40 km of waste plastic modified bitumen in and around Bangalore. A few experimental stretches are also laid at the different parts of Tamil Nadu.
Developments undertaken to produce polymers from renewable resources
15 July 2008
Major chemical companies are investing in new plants and technologies to produce plastics from annually renewable sources. Various factors like rising oil prices, growing concern regarding greenhouse gas emissions and a new emphasis on waste management have created new interest in biopolymers and the efficiency with which they can be produced. New technologies in plant breeding and processing are narrowing the bioplastics-synthetic plastics cost differential, as well as improving material properties, which is why companies are now initiating to produce polymers from renewable resources.
Hike in prices of plastic household items
13 July 2008
The rise in raw material prices has led to a rise in prices of plastic products over the last six months by 30-35 %. The rates of almost all plastic items in sectors including household, industry, agriculture and commercial have increased in the retail market. As per the official data on inflation, the wholesale plastic product prices have gone up by over four % in the last one year.
Sintex register 71% rise for Q1
10 July 2008
Sintex Industries Ltd, a leading company in the plastic and textiles business segments, has registered a 71 % increase in net profit to US$ 141.25 million for the quarter ended June 30, 2008 from US$ 8.25 million in the corresponding quarter last year. Consolidated net income from operations has increased by 108 % to US$ 1.787 billion.
Govt. to discuss polymer price with industry
10 July 2008
The Ministry of Finance, as part of the Government measures to contain inflation, has called a meeting with the representatives of petro-chemical industry to discuss the rising prices of polymers, which is used in the manufacturing of plastic and synthetic textiles.
Is it estimated that The Ministry might press on the industry to cut down on prices and may also resort to changing the duty structure to bring down prices in the domestic market.
Scientist invented fastest bio-degradable plastic
5 July 2008
A scientist named professor Hanafi Ismail has invented the world's fastest bio-degradable polymer that degrades faster than other plastics. The invention is known as ‘Degra-TPE’ and was created by using recycled and natural materials.
Other plastics generally takes more than 100 years to degrade, whereas Degra-TPE, which is made from 15 % waste plastic and rubber, takes between three and six months to degrade due to the special additive that accelerates degradation. The cost of manufacturing Degra-TPE is 20 % cheaper than other plastics in the market.
New Zealand’s company Purform enters India
2 July 2008
New Zealand’s leading global plastic mannequin brand, Purform, is shifting the company's entire production to India. The company plans to tap the estimated US$ 125 million mannequin market in the country and with this aim Purform has entered into an exclusive marketing, technical and manufacturing agreement with Delhi-based plastic moulding company OK Play.
The manufacturing of the new OK Play-Purform mannequins have already started at OK Play's existing facility near Gurgaon. Besides, this, the company is launching around 25 models including full length, three-fourth, kid mannequins and a variety of body sections.
Frontline Strategy acquires stake
26 June 2008
The Mauritius-based company Frontline Strategy Ltd. announced the acquisition of over 26 % equity stake in Shriram SEPL Composites Pvt Ltd (SSCPL). This is the first investment of its recently launched SME-specific India Industrial Growth Fund.
The 3rd European Bioplastics Conference in Berlin on Nov 5-6, 2008
The 3rd European Bioplastics Conference was announced by European Bioplastics, the representative of the European bioplastics industry. The conference will take place on November 5-6, 2008 in Berlin, Germany. European Bioplastics Conference is the leading event for recent technical, economic and political developments of the bioplastics industry.
Plast India 2009
The 7th International Plastics Exhibition and Conference, Plastindia 2009 will take place in Pragati Maidan, New Delhi, from 4th to 9th February 2009.
 |