News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Friday, December 28, 2007 9:57:46 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 2138 Times
Plastic producers urge Govt to set up raw material unit
Chennai: Plastics manufacturers in Tamil Nadu want the Government to help set up a raw material manufacturing unit in the proposed Ennore or Cuddalore special economic zone so as to ensure uninterrupted supply of raw material and reduce their dependence on raw material manufacturing units in North India, according to Mr G. Sankaran, President of the Chennai Plastics Manufacturers and Merchants Association (CHEPMMA).

Currently, raw material for plastic manufacturing units comes from North India, primarily Reliance Industries. In recent times, political conditions, interrupted supply of raw material and frequent price hikes have seen thousands of units in Tamil Nadu close shop.

This could be avoided if a manufacturing unit was set up in the State to cater to the demand from South India, Mr Sankaran said at a press conference on Wednesday. Units in Tamil Nadu cater only to 50 per cent of demand from the State, he said.

“We also need to improve the efficiency of existing units and upgrade technology,” he said.

Tax revenues

According to a CHEPMMA release, the State currently produces 4 lakh tonnes of plastics a year (worth about Rs 5,000 crore) using about 10,000 machines. This can be increased to 10.5 lakh tonnes (worth about Rs 12,000 crore) by adopting new technology, improving efficiency of existing processes and adding about 5,000 machines. Consequently, the State can double the tax revenues it generates from the plastics industry to about Rs 1,000 crore, the release said.

Global expo

In order to increase awareness about new technologies, the association is hosting a four-day international exhibition-cum-conference called ‘PlasTec 2008’ starting February 21 at the Chennai Trade Centre. Simultaneously, a two-day seminar in the context of plastics and the environment would be held at Hotel Le Royal Meridian. About 250 exhibitors across India are expected to set up stalls showcasing machinery, equipment, finished and semi-finished products, spread across 75,000 sq ft and about 50,000 trade visitors from the US, Germany, Sri Lanka, China, Japan and India are likely to participate in the event.

The event is supported by the State Government, the All-India Plastic Manufacturers Association, Central Institute of Plastic Engineering and Technology and Tamil Nadu and Pondicherry Plastic Manufacturers and Merchants Association, among others.

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Milacron aims robust growth in India for plastics machinery.
Plastiblends begins production at Surat masterbatches plant.
Plastiblends India plans masterbatches plant in West Bengal.
Cosmo Films to invest Rs. 220 crore on Gujarat, Maharashtra plants expansion.
Plastic processing unit ready for commissioning.
HSIL Ltd to invest Rs. 217 cr to set up plastic pipes & packaging products plants.
Reliance Industries opens 650 KTA PET resin plant in Dahej.
Bayer to expand thermoplastic polyurethane capacity in Cuddalore.
Ferromatik Milacron India to invest $20 mn to double capacity of Ahmedabad facility.
RIL kicks off mega polyester project work
RELATED PROJECTS & TENDERS
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback