Plastic Processing Industry in India

Topics: Plastic, Balance sheet, Internal control Pages: 4 (1230 words) Published: February 19, 2011
A. Industry Structure and Development. The Industry for Plastic Processing Machinery in India has shown a growth of 12%. Our Company is engaged in manufacturing of Plastic Extrusion Machinery, Injection Moulding & Blow Moulding Machinery. In the field of Extrusion Machines 2009-2010 has continued to be a good year. During this year newly launched models have given an edge in the competitive market and our Company has ended with an excellent market share. Our strength in film plant is our technology from Germany which has been absorbed with license from Kuhne. In Injection Moulding Machinery the increased demand for bigger machines continued from the moulded luggage, furniture and white goods industry. The Company will be launching energy efficient machines in the coming year which is expected to give tremendous turn over growth. The developments in the industry are marked by manufacturing of more sophisticated machines this year also and emphasis on aesthetics and energy conservation. B. Opportunities and threats: The application of plastics is increasing manifold to include various packaging, pipe fittings, white goods, automobile etc. In Injection moulding, the market generally for the consumption of plastic products in the house hold and furniture segments are fuelling the increase in newer capacities. Further, anti dumping duty on Chinese machines will augment the business for Indian manufacturers. In Extrusion Machinery also the demand is growing particularly due to Government’s thrust on agriculture, telecom, construction etc. Indian Plastic manufacturers have shown their competency to manufacture goods of Global acceptance thereby increasing the need to expand capacities. This has resulted in high demand for the Plastic Processing Machinery. The Company’s focused action on manufacturing will enable it to further increase its market share. The products of your Company have also been well accepted by the customers due to...
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