Plastics News - Show Daily - October 18, 2023 - 7

FAKUMA SHOW DAILY
Plastics News, October 18, 2023 * 7
Sirmax, Tipco extend JV to India
By Jim Johnson
Plastics News Staff
A joint venture between two
compounders is expanding in India
thanks to growing demand in
the automotive sector.
Autotech-Sirmax India Pvt. Ltd.
is owned by Sirmax SpA of Cittadella,
Italy, and Tipco Group of
Mumbai, India, that already operates
two facilities in India.
Plans are for Autotech-Sirmax
to expand an existing site in Palwal,
India, by adding approximately
7,000 square meters of space
and four new extrusion lines to
the existing 10,000 square meters,
said Leonardo Forner, group
marketing and sustainability coordinator
for Sirmax.
The project is already underway
and expected to be completed
by the end of this year, Forner
said during an Oct. 17 show fl oor
interview at Fakuma.
A new greenfi eld plant, meanwhile,
is being planned in southeast
India near the Bangalore-Hosur
region, a 6 million euro
project that adds some 15 kilotons
of capacity.
Once both the expansion and
new project are complete, the
company will have a total of 82
kilotons of capacity per year in
India.
Forner said the substitution of
plastics for metals in automotive
plastics is the key driver in the decision
to expand in India, where
the company also has a facility
near New Delhi.
While other parts of the world
are becoming more focused on
increasing the use of recycled
plastics in automotive applications,
India is at a stage where
plastic substitution for metal is
becoming more and more common,
he explained.
India, Forner said, is such a
large country that the joint venture
wants to have locations as
close to customers as possible.
Being close to customers allows
for a just-in-time approach for the
company to supply resin to fi rms
that then make parts for the automotive
industry.
" The market is increasing a lot
because there are many applications
that are still done with
aluminum, steel, with metal. We
have many applications where we
can make a better replacement
because the market is very new
for these kinds of plastics in many
segments, " he said.
" What we did in Europe 10
years ago, 15 years ago, now is
happening in India. That's why
the market is increasing a lot, "
Forner said.
Employment will increase due
to both the expansion and the
new construction, but Forner
did not have an estimate during
his interview.
" We want to be close to our
customers' production facilities
because otherwise you are
not able to be fast serving your
customers, " Forner said. " If you
can cut three days, four days
shipping, that's a very important
question. That's a very important
issue. "
Sirmax CEO Massimo Pavin was
on the show fl oor during the fi rst
day but unavailable during the
time Forner was interviewed.
SIRMAX SPA
Hall B2, Booth 2207
" These actions will consolidate
the partnership between Sirmax
and the Tipco Group and lay the
foundation for even greater future
growth than we have experienced
thus far. Upgrading of the Palwal
site and building the new plant,
which will be ready by 2026, will
enable us to further strengthen
our position in the Indian and
Southeast Asian markets, " Pavin
said in a statement.
Forner said: " That's a very key
point for our company. Be very
close to customers. Be very fl exible.
Be short time. Work with just
in time. ... It's a key concept. "
Sirmax currently has 13 production
plants: six in Italy, two in
Poland, one in Brazil, two in the
United States and two in India.
In 2022, the company had a total
sales of 501 million euros and employed
850 people.
Leonardo Forner, group marketing and
sustainability coordinator for Sirmax, at
Fakuma 2023. Plastics News photo by Jim Johnson
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Plastics News - Show Daily - October 18, 2023

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