Plastics News - Show Daily - October 19, 2022 - 21

SHOW DAILY
Plastics News, October 19, 2022 * 21
Blend Colours expands in India
By Satnam SIngh
Plastics News Correspondent
India's Blend Colours Pvt. Ltd.
is expanding capacity at two sites
at its headquarters campus in the
south Indian state of Telangana.
The masterbatch and compounding
manufacturer,
which
is part of the $200 million Shree
Group, is hiking capacity by 15,000
metric tons a year in two phases.
The company added 7,500 metric
tons of production in 2020, raising
its manufacturing capacity to
44,000 tonnes. It plans to add an
additional 7,500 tonnes by the middle
of 2023, raising its combined
installed capacity to 51,500 tonnes.
The company has already
acquired land and ordered machinery
for the second phase
of the expansion, which will
include 6,000 tonnes of black
masterbatches and 1,000 tonnes
of white additive and extrusion
coatings. An expansion of 500
tonnes of silicone has already
been completed.
" The expansion will be carried
out at two units and the product
lines that will be added are black,
color and additives, " said Sharad
Rathi, BCPL managing director.
Currently, the company operates
three sites in Hyderabad, the capital
of Telangana, as well as warehouses
and sales offi ces in Ahmedabad,
Bengaluru, Vapi and Noida.
It invested about 120 million
rupees ($1.4 million) in the fi rst
phase of the expansion and expects
to spend another 120 million
to 150 million rupees ($1.4
million to $1.8 million) in the second
phase. The additional capacity
would meet demand for specialty
products in both export
and domestic markets.
BCPL started operations in
1998 and started exporting in
2007. It makes color, black and
white masterbatches, as well as
additive masterbatches and single
pigment concentrates. It also
produces polypropylene nonwoven
masterbatch and fi llers, as
well as masterbatches for PET
and polypropylene products.
Pondering
additional site
Rathi said BCPL is also planning
to invest in an additional plant,
its fourth site. It would likely be
a site in India outside Hyderabad,
but it's also considering an unspecifi
ed overseas expansion.
" We will embark on further
expansion post-second phase
of the expansion, by the end of
2023, " Rathi said. " The location
of the fourth site would likely be
specifi cally in Western India or
even overseas, depending on the
strategic and commercial advantages
offered. "
Indian masterbatch industry
sources said the market is projected
to grow 12-15 percent a
year, with new demands coming
from the packaging, agriculture
and health care sectors.
Blend Colours claims to be
among the top three masterbatch
makers in the country, excluding
fi llers, and the top exporter for
2020-21.
Oxo-biodegradable
push
BCPL continues to focus on
expanding in overseas markets,
including with a range of oxo-biodegradable
products in the Middle
East.
" The new oxo-biodegradable
range received enthusiastic response
in the international markets,
particularly in the Middle
East, including Saudi Arabia, "
Rathi said, noting the company
had also received certifi cation in
the United Arab Emirates, seen
as a key regional market.
BCPL had exports of 1.37 billion
rupees ($16.8 million) in its
2021-22 fi scal year, registered 22
percent growth, with a continued
focus on African and Latin American
markets. Its overall sales
reached 5 billion rupees ($61.2
million), for 31 percent growth.
" As part of penetrating deeper
into some of the key export
markets, we have also appointed
agents in order to increase our
presence, " he said.
In an interview before K 2022,
We are
planning
to showcase
a range of
innovative
products, such as
PIB masterbatch,
laser marking,
anti-rodent, antitermite,
as well
as launching a
biodegradable
and compostable
grade range. "
Sharad Rathi
Blend Colours Pvt. Ltd
BLEND COLOURS
PVT. LTD.
Hall 8B, H65
Blend Colours Pvt. Ltd. photo
Rathi said the company will be
active at the show.
" We are planning to showcase
a range of innovative products,
such as PIB masterbatch, laser
marking, anti-rodent, anti-termite,
as well as launching a biodegradable
and compostable
grade range, " he said.
It's also investing in additional
research and development capabilities,
including opening a engineering
innovation center.
" Currently, our product innovation
department is working
on additives for recycling, packaging
and [the] textile industry, "
Rathi said.
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Plastics News - Show Daily - October 19, 2022

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