Plastics recycling manufacturing Unit based in Western India is looking to sellout

It is a well-established Plastics recycling manufacturing Unit based in Western India. The unit was established in 1984 in Richmond, Virginia, by an Indian technocrat, eventually expanding to three more plants in Texas and Ohio, with a total processing capacity of a billion pounds annually.

• In 2009, the company extended its operations to India, led by a highly qualified individual from the US operations. Production in India began in 2011 with one extruder machine and has since grown to four machines with a capacity of 15,000 tonnes annually, serving over 15 customers.
• The Indian plant, located in 5-star MIDC Industrial estate with ample space for expansion, plans to exit following the closure of US operations in 2014.

Location and facilities:

The plant admeasures as area of 10,000 sq. metres / 2.5 acres.
• 28,000 sq. ft. is used up with four main extruder machines with a provision to add two more machines in the current building itself.
• 16000 sq. ft. area is occupied by the warehouse.
• Fully equipped lab with 1000 sq feet total space, including injection moulding.
• 2500 sq. ft. area is occupied by Office on two floors
• 350 sq. ft. covered area for Security and Canteen.

Products & Services

• The service they provide is to process customer’s raw materials, consisting of core polymers [PP, Nylon] and convert them into engineered polymer compounds for a specified application. This is done by a process of extrusion, to the exact specifications and standards laid down by the customers.
• The finished product is in the form of granules that go for moulding a variety of products for Automotive and White goods, Packaging films, Fire retardant switch gear, Food grade packaging and many more.
• They provide end to end solutions including testing, warehousing, shipping material to the customers of their customers [to avoid double transportation], as well as invoicing on their behalf.
• Their range of polymers is one of the most comprehensive in Indian industry. They also handle small lots, which may be uneconomical for customers to handle on their own.