The 10 Most Trusted Companies in Plastic Industry

THE

10

VOL 7 ISSUE 01

MOST TRUSTED

Company of the Month

COMPANIES IN

PLASTIC INDUSTRY

Jitendra Agarwal Founder & MD

Prime Housewares Ltd

Inder Jain Founder Chairman & MD

APPL INDUSTRIES LIMITED

COMPOUNDING INDIA WITH THE WORLD

Desk

T

he Indian Plastic Industry is on a roll as it plays an integral part in diverse products and industries. Riding on the potentials in terms of infrastructure, skilled workforce, and capacity – the growth rate of the Indian plastic industry is noted as one of the highest in the world.

The Transition to Future Has Begun

Taking a closer look at the plastic industry gives the impression that the industry has received a 360O transformation. Breaking the conventional shackles, today the industry is embracing technology, management, and every single element that is assisting the industry to put the best foot forward. Exploring this journey that constitutes countless transitions, hardships, and milestones achieved is truly exciting!

The very first step taken to organize the industry was in 1958 with the setup of the Indian Plastic Federation. Today, under this umbrella there are approx 1000 members closely knitted and working for the development of the industry. Lateral growth in diverse sectors like food processing, infrastructure, real estate, automobiles and others are driving the industry like never before! The transitional wave continues to evolve by each passing day with the advent of innovative business models.

Standardizing regulations and adhering to Govt reforms has been the biggest change that has resulted in bringing positive results. India’s vision of becoming a manufacturing hub seems to be a reality in the upcoming years as foreign investments have started to flow. Backed by the Government initiatives such as having 18 plastic parks with an investment of 400 crore INR and many more have set on the right trajectory of growth.

Editor-in-Chief Pooja M. Bansal Managing Editor Rahul Niraj Executive Editor Devasish Kanojiya Art & Design Head Amol Kamble Associate Designer Poonam Mahajan Art & Picture Editor Rahul Kavnekar Co-designer Mayur Koli Business Development Lead Tejaswini Whaval Business Development Executive Sarika Kawade Technical Specialist Amar, Pratiksha Digital Marketing Manager Prashant Chevale SME-SMO Executives Manoj, Ketki Circulation Manager Tanaji sales@insightssuccess.com

JULY, 2019 Corporate Ofces: Insights Success Media and Technology Pvt. Ltd. Ofce No. 22 & 510, Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017 Phone - India: +91 7410079881/ 82/ 83/ 84/ 85 Email: info@insightssuccess.in For Subscription: www.insightssuccess.in

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CONTENTS COVER STORY

08

APPL Industries Limited Compounding India with the World

16 Company Of The Month Prime Housewares A Unanimous Choice for Every Household

24

ARTICLFaEce

g Changin lastic cling of P

Recy he Best Placing t ard Foot Forw

26

Mayur Uniquoters Ltd Visionaries For Tomorrow

22

Signet Industries Limited Delivering Innovative and Quality Based Plastic Products

10

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MOST

TRUSTED COMPANIES IN

PLASTIC INDUSTRY

Connecting the Dots of the Plastic Industry

W

hile the first quarter of 2019 was an enthusiastic year for the plastic industry, the second quarter has taken it beyond the success horizons. Recognizing the companies that are revolutionizing this space and keeping innovation on their radar by staying up-to-speed with the developments, we have come up with this special edition of “The 10 Most Trusted Companies in Plastic Industry”. This issue has featured a handful of professionals offering a diverse and engaging mix of creativity and distinctiveness.

On the Cover of the issue, we have showcased APPL Industries Limited. APPL Industries are the makers of world-class compounding products.

Apart from such an insightful cover story, we have also enlisted, Prime Housewares Ltd as the company of the month. Prime Housewares is a well known Brand in the Plastic household industry in the India and overseas as well.

Furthermore, we have Signet Industries Limited, which is a reputed brand in producing Agriculture based products such as micro-irrigation systems and Infrastructure piplelines and systems. Next is Mayur Uniquoters Ltd. It is the largest manufacturer of artificial leather/ PVC vinyl, using the ‘Release Paper Transfer Coating Technology’ in India.

Alongside, companies like Chemco Group of Companies, Sintex Plastics Technology, Jamna Auto Industries, Apollo Pipes Ltd., Right Tight Fastners Pvt. Ltd., Linc Pen & Plastics Limited, Resins and Plastics Limited and Dynamic industries have also been featured in the listing of this edition.

While flipping the pages, take a note to read an exclusive article that gives a deep insight about the general facts and practices about plastics. Looking at the emerging opportunities and the growing possibilities, this issue of ours will introduce you to a whole new world of novelty.

Happy reading!

Inder Jain, Founder Chairman & MD

APPL Industries Limited

Compounding India with the World

10

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MOST

TRUSTED COMPANIES IN

PLASTIC INDUSTRY

Cover Story

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GROWTH PLANS REQUIRE A DESTINATION AND A DRIVER

A

s the Indian plastic industry got steam post-1957, over the decades it has witnessed tremendous growth and has evolved as one of the major contributors to the economy. Apart from being a major exporter of plastic products across the globe, the industry is steadily embracing technology and new-age concepts to be at par in delivering unmatched quality products. Especially over the last decade, advancement in technology, demand for newer materials and sustainability has fuelled the evolution of the industry.

KEEPING ABREAST WITH NEWER DEVELOPMENTS IS A PASSION

One such prominent player that has placed itself as the torchbearer of the Indian plastic Industry is APPL Industries Limited. As the largest Indian compounder with an annual capacity of 130,000 MT and second-largest in Asia, it stands amongst the most trusted brands in today’s era. Conceptualized as Aalekh Polymers Pvt Ltd back in 1990 in Kirti Nagar, Delhi with a Small setup for masterbatches & PP COMPOUNDS, APPL has commenced a journey that has been progressive, and inspiring for the new-age players.

nic ser str oth ple

increased its prominence at the global market by having major joint ventures with companies based in Germany, Shanghai, and the USA. The company bagged its first approval from Daewoo Motors back in the late 90’s and from then; it never looked back and continues to create countless milestones by each passing day.

With a myriad of engineering polymer compounds, the solutions from APPL are backed by Autodynamics Technologies and Solutions (Formerly the Known as APPL RTC). A contemporary Research Design and Technology Centre (Accredited by NABL) which develops new materials with world-class equipment for raw material testing. Today APPL has fully automated plants to ensure consistent material quality and safe working environment for their employees.

The Self-Made Professional A first-generation entrepreneur who envisioned and established APPL Industries Limited 26 years ago, Mr. Inder Jain, has successfully spearheaded the company over the years to take it to its pinnacle as ‘the largest polymer compound manufacturer’. Nearly three decades and many struggles later, Mr. Inder Jain has aced his way in creating a benchmark in the industry.

Headquartered in Hinjewadi, Pune – the company has a workforce of 250 professionals and caters to prestigious clients like Faurecia, Minda, Mothersons group, Soggefi MNR, Sundram auto, Varroc Group and many more.

Additionally, it has prominent OEM’s including Bajaj, IKEA, Maruti Suzuki, Tata Motors, TVS, VW, Ford, Nissan, Mahindra and many more.

Born at Mandar, Rajasthan, he completed his Graduation from Sirohi, Rajasthan after which he moved to Delhi at a young age to work alongside his Uncle who was in the business of polymers. Having no prior experience, this learning was the platform on which Mr. Jain laid the foundation of APPL in the early years.

Over the years, the entity has been a forerunner in introducing he technologies and products to vice the automotive segment and with 7 plants located at ategic demographic locations; APPL carries an edge over ers. Apart from serving a thora of Indian clients, it has

Exquisite Products

Mr. Jain has always maintained a perfect balance between his professional and social life. He strongly believes in giving back to the society, and for that he has been actively involved in social work and has been associated with several NGOs that support medical and educational initiatives.

APPL has been providing end-to-end material solutions like Pre-colored compounds based on Poly Olefins and Engineering Plastics, Color and Speciality Additive Masterbatches. APPL innovative approach to compounding has led to a range of Customized compounds with minerals, glass fiber, wood flour, flame retardants and more High performance materials etc. Today being a major Automotive

‘

ALIGNING WITH THE MAKE IN INDIA INITIATIVE & PROVIDING GLOBAL TECHNOLOGIES AT COMPETITIVE PRICES

Compounds Supplier having approvals with almost all OEM’s with time it has also made growth in many other Industries.

- To respect the strength and capability of our employees, customers, and associates.

- To honour all the commitments we undertake.

As compounders, APPL is persistently motivated towards upgrading its facilities with Futuristic Technology and introducing new product offerings for the world market with support from its RTC. Being accredited by NABL is another feat APPL has achieved over the years that helps to maintain the trust and confidence among the clients.

Keeping an eye on the global business opportunities, APPL has set up a location at SEZ Dahej, Gujarat close to the Seaports to cater to overseas markets and meet the huge potential of raw material sourcing from India in the coming years.

Challenges in the Industry

Embracing advanced technologies and producing global-standard products including IMC technology and ‘Long Glass Fibre’ technologies have been the USP of APPL. These ‘Metal to Plastic’ replacements have been used in diverse segments like defence, automotive, railways, and more alongside the ‘high-performance glass’ reinforced sheets for especially for the automotive sector.

Additionally, the company is also working to innovate industrial products for the oil and gas industry and is taking special efforts to work on the plastic wastes.

APPL believes that “Government is promoting ( religiously working & promoting ) on it the same but every individual and organization related to plastics or not should do their bit and we industry people should innovate to do more for the plastics sustainability”.

Echoing the Key Values Vision To be a dominant multi-location production company in Engineered Thermoplastic Compounds, Engineering Plastics, Color & Speciality Additive Master Batches thus establishing our self as a top performing compounder with multiple product range and developing new applications close to OEMs and associated sectors of Automotive, Railway, Defence, Furniture & House Hold.

Mission: - To provide highest quality materials based on advanced technology to our customers and ensuring to meet the challenging and ever-increasing market demands.

APPL has been at the forefront in witnessing the evolution of the industry that includes changes, challenges, opportunities, and more. Previously, the automotive regulatory were not stringent as compared to today’s environment. Steadily, as companies abide by the guidelines and regulations set by the Government and industry, the quality of the products have improved to a great extent. With rigorous emission norms in place, other key factors like lightweight, fuel efficiency, passenger and pedestrian safety will play a key role in the auto industry.

From the perspective of compounders, this drives mature companies like APPL to explore every innovation and keep introducing new products and technologies. There are multiple scopes of improvement and improvisation for the interiors, exteriors, and under hood applications in the automotive segment.

The Roadmap Ahead Holding a very optimistic view of the future, APPL stands tall to embrace changes and walk the path ahead with grit and confidence. Team APPL believes that with proper regulations in place, plastic is never going to diminish rather will evolve as the biggest circular economy alongside being of the most sustainable options in the future.

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Jitendra Agarwal Founder & MD

16 | July 2019 |

Company Of The Month

PRIME HOUSEWARES A UNANIMOUS CHOICE FOR EVERY HOUSEHOLD

A

s one of the fastest growing global markets, the Indian Plastic Industry continues to depict a steady trajectory in terms of production and contribution to the economy. From the traditional households to the modern society of today, housewares have always existed as a major product category in the marketplace. With Government reforms and initiatives, the largely unorganized industry is slowly and steadily embracing the mainstream that ultimately helps to increase the quality standards across the industry.

In its perseverance of upscale quality products, Prime Housewares Ltd is one of the giants in this sector that needs no introduction! Incorporated in 1989, this entity carries a legacy and has been a witness of the transition taken place in the industry.

The gradual advent of urbanization, proliferation of nuclear families and technological advancement has driven the evolution of change amongst the Indian household.

Innovations in time-saving devices and cookware, convenience, safety & functionality are now driving the sales figures. With its constant endeavour to develop, modify & innovate novel products specially with respect to aesthetics and customer needs, Prime has been at the forefront in embracing changes to the core!

Prime is also the pioneer in the microwave cooking range in India. Anticipating the future and the paradigm shift towards technology, it has been immensely successful in creating niche products that are convenient, easy to use &

17 | July 2019 |

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Life Bana De Easy

time saving. Prime continues to be associated with major brands like L.G. Electronics, Godrej, Samsung, Bajaj, Morphy Richards, Whirlpool, and Onida for providing Microwave & Refrigerator Kits.

The Inception Saga The journey commenced with a 5000 sq.ft. factory in the industrial hub of Daman, with a seed capital of 50 lakhs and an initial product list comprising just 20 SKUs. In 1989, the plastic industry was largely unorganized and majorly dealt in cash transactions. With an intent to reform and align the sector with the main-stream organized industry, Prime was a non-competitive player from a price point-of-view and hence had to face countless obstacles to penetrate the market.

The major break-through came in 1995 when Prime introduced the ‘Rio’ basket product line. By virtue of superior quality and novelty, these products were sold above MRP by dealers / distributors & there used to be waiting of one month for execution of orders. This was the turning-point for Prime and as we say - ‘the rest is history’.

The remarkable journey is represented along with the numerous milestones it has achieved till date.

1995: Rio Maxi – Rio Basket replaced the popular ‘Cycle Baskets’ with new multiutility & completely closed version baskets.

1996: Tiny Tot Containers with spoon – Replacing the small mouth jars with wide mouth containers thereby making it easy for cleaning.

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Something New for you Always

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1997: Rice Cooker – Making pre-soaked rice ready in less than 10 minutes.

1998: Microwave Zat–Pat Idli maker – making 24 Idlis in just 4 minutes.

2000: Bucket / Tub – Replacing the metal Handles with plastic handle bucket and also changing the colors and pattern from traditional Red / blue / green to new vibrant colors.

2002: Shoppe Basket – Replacing the earlier design & size with sizes to accommodate tiffin box and water bottle of school going children.

2005: Introduced cleaning products – Replacing the low quality cleaning products with high quality & affordable products.

2008: Hyper Basket – Introducing basket for Modern retail in store.

2011: Zara Cloth Pegs – Replacing the orthodox metal spring pegs with all plastic rust free Pegs, with much more durability.

2014: Vintage canisters – Replacing the steel Tea, Coffee, Sugar containers with vintage ceramic looking plastic canisters.

2016: Bag Hanger – special shape hanger that protects the bag from wear and tear and also saves space in the wardrobe.

2018: Introduced household products imported from Turkey – Launched unique pedal laundry bin.

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Prime has been a forerunner in embracing changes ahead of time. This has helped the company to attain instant recognition, acceptance & popularity amongst the trade & consumers in the shortest possible time. Today its products are stylish, modern and come with a contemporary look.

Incorporating the market demands and changing consumer needs, it manufactures products that are appealing to the eye along with having uniqueness and smart features. It has registered several designs & patents with the Trade Mark & Patents Authority. The company has consciously & carefully nourished & built intellectual property rights around its innovative products.

Challenges ahead The big challenge that the company is facing in current times is the lack of awareness & knowledge, of good or bad plastic & the health implications associated with it. Due to the government & media coverage, all plastic products have come under the scanner for being bad for health, which is not the case. People world over are using it & the convenience that plastic offers cannot be substituted. It is important to educate the customers about the various grades of plastic available and the correct recycling practices that need to be employed.

The Leading Light Prime was started by two brothers Mr Surendra Sanganeria & Mr Jitendra Agarwal. Now as the Managing Director of

Unique Products & Services that Scale Business Executing and completing comprehensive projects with utmost excellence on-time is Prime’s forte! With its impeccable reliability quotient, it has been able to engage a diversified range of National & Multinational Appliance companies. The company has become a preferred choice for all the plastic packaging and promotional requirements of most of the corporates across India. Acknowledging the rapid growth of Private labels in the Indian markets, the company provides its clients with OEM-type quality services offering unmatched experience. The key attributes which helps Prime to stand tall amongst its competitors are: Timely Delivery | Consistency in Quality | Competitive Pricing | Innovative Designs Talking about the product finishing and quality, Mr. Jitendra says, “We strongly believe in ‘No Compromise in Quality’ even in the most competitive products segments. We have earned a reputation in domestic and overseas market due to our ‘Quality comes first, Customer is centric’ policy.”

19 | July 2019 |

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Quality comes First, Customer is Centric

‘‘

Prime Housewares Ltd, Mr. Jitendra Agarwal has been the source of inspiration for the entire group. Today as Prime is scaling new heights and creating milestones by each passing day, Mr. Agarwal continues to be the epicentre of all business activities at Prime. An enthusiastic, self-motivated and a challengedriven person, it is his entrepreneurial personality that is reflected in Prime’s constant endeavour to develop, modify & innovate novel products. All these years, Prime has been nourished

by Mr. Agarwal & his team, headed by his brother–in–law Mr. Arun Agarwal. The roots of Prime are further strengthened as his children – Mr. Ankit Agarwal & Mrs. Aditi Purohit have also joined the business after completing their education from the U.K & U.S.A respectively. These next-generation business leaders are driving the newer business initiatives within the company with a focus on innovative products and e-commerce.

When it comes to products, Prime twinkles like a one-of-its-kind star offering a curated range of exquisite products which includes Premium Microwave products, Microwave cookware, Microwave food containers, and ‘Stack and Store’ storewel containers. The product list goes on and also includes Lock–It containers, Thermal lunch sets, Rio baskets, Hangers, Kitchen products, Bath sanitary products, Waste bins & Kids Lunch box and bottles. Apart from all this, the company has also introduced silicone bake-ware items in India.

With such initiatives in place, Prime is now a SEDEX certified company striving to establish a global footprint. It is all set to penetrate other important markets by associating with well-known players in the industry.

Mayur Uniquoters Ltd Visionaries For Tomorrow

I

S: Brief us about the journey of your company – origin, inception, early challenges, success stories, major milestones, to name a few.

Answer: Mayur Uniquoters Limited was established in 1994 through financial support from RIICO at Jaitpura Plant with one coating line, Set up coating Line-II @ Jaitpura in 2005, Got Quality Certification 9001:2000 in 2005, Set up coating Line-III @ Jaitpura in 2008, Set up coating Line-IV @ Jaitpura in 2011, Start Supply to USA Market for OEM in 2011, Set up of Textile Unit @ Dhodsar in 2012, Set up coating Line-V @ Dhodsar in 2014, Set up coating Line-VI @ Dhodsar, Got TS Certification 16949:2009.

IS: Brief us about the CEO/Founder of your company.

Answer: Mr. Suresh Kumar Poddar, a Science Graduate, and the Chairman and Managing Director of Mayur Uniquoters Limited, is widely recognized for his path breaking and visionary contributions to spearhead Synthetic Leather Industry.

His excellent entrepreneurial skills have lead Mayur to climb new heights year after year.

Suresh Kumar Poddar Chairman & MD

Mr. Suresh Kumar Poddar has started his career as a commission agent, at the age of 22 in year 1968. Mr. Poddar got the distributorship for artificial leather of a renowned manufacturer in 1976. Thereafter, he started new plant and supplying Door Pads to Maruti Suzuki in 1979-80. Established Mayur Uniquoters Limited with financial support from RIICO in the year 1994.

Mr. Poddar conceptualized the unique and innovative business model, leading Mayur from one coating line with a production of just 0.25 million linear meters to six coating lines with an installed capacity of 3.75 million linear meters per month. His visionary efforts and leader lead approach, together with time tested techniques, have enabled Mayur to lead on every front and stay ahead of time IS: Kindly talk about the exclusive services/products/solutions offered by your company that distinguishes you from your competitors?

Answer: Mayur is the largest manufacturer of artificial leather/ PVC vinyl, using the ‘Release Paper Transfer Coating

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Technology’ in India. Mayur has come a long way in the past two decades from a meagre production of 0.25 million linear meters per month, to an astonishing 3.75 million linear meters per month, through our 5 Italian and 1 Chinese state of the art coating lines.

Our world-class infrastructure consists of a full range of machinery to fulfill our knitting, processing, heat setting, coating, embossing, and printing, lacquering, sueding, tumbling and laminating needs. We value quality and innovation thus, our Physical, Chemical and Product Development Laboratories are capable of testing predominantly all properties of artificial leather for different segments and applications.

Mukesh Sangla Exclusive Services: • DSIR approved Research &Development activities & lab facilities • R&D lab capable of producing proto type product with right colour, Grain, Gloss, Touch & Feel.

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• R&D testing lab fully equipped to test 99% of the requirement, to confirm performance, strength and durability.

• Testing equipments include Xenon, QUV, Environmental FOG, Seam fatigue, Seam Strength, Tensile and Abrasion etc.

• New analytical capability with FTIR & GCMS. • In house Fabric plant capable of developing new backing fabric for new programs at fast pace.

Answer: India stands third in polymer consumption globally after China and US. Per capita consumption of plastic in India was low at 9.7 kg in 2012-13 as per Gobal Market Research. Despite the slowdown in the economy uptil 2014, the polymer industry in India is believed to be finally on track. With an increase in demand the polymer consumption is expected to double by 2020, to about 20 million metric tons.

IS: What is the vision and mission of your company?

Answer: Vision: To be the global leader in our industry through a great customer experience Mission: Our Mission is to Drive Profitable Growth by Providing an Excellent Customer Experience through Consistency, High Quality Products and Services, With Great Stakeholder Relationships, in a Sustainable Manner.

IS: How has technology and innovations helped the plastic industry to transform from the earlier years?

Answer: • PVC Industry had innovations in stabilizer system • Better plasticizers made with sustainable resources • Higher strength requirements to make very chromatic colour products • New fillers for increased level with better physical properties • Additives with higher performance for UV & safe anti microbial agent

IS: Kindly introduce us to the latest services you are working on or in the pipeline?

Answer: Introduction of PU Vinyl plant is in project stage.

We are also working on new product development for German Auto OEMs like Daimler & BMW IS: What kind of challenges do you face today in the industry?

Answer: Challenges Faced: • Competition from local manufacturers.

• Lack of skilled manpower in PVC Vinyl manufacturing field.

• In sports shoe segment, Artificial leather is replaced by fabric • Penetration of Chinese PU in footwear industries also resulted in sales drop • Dependency on import due to non availability of domestic suppliers of Major Raw materials.

IS: How the Plastic industry has evolved in India in the last decade?

23 | July 2019 |

IS: With increased regulations and reforms, how do you portray the future of Indian plastic industry?

Answer: It will create better environment, reduced pollution, re-use of scrap materials, better working conditions, Healthy workers & Good family life IS: How are you contributing in filling the loop holes and developing the plastic industry?

Answer: Set up the latest technology with higher and better efficiency equipment. Process Automation to avoid the man intervention as much as possible. Developing the substitute for better quality in competitive price.

• Major Prominent Clients: Chrysler, Maruti, Mahindra, Ford, Tata Motors, Honda, Veekesy, Paragon, • Headquarter in: Jaitpura, Jaipur • Founded in Year: 1994 • Employees Headcount: 1200+ • Your Tagline / Quote: A Texture For Every Idea

Changing Face

RECYCLING N

owadays we are living in a world where earth is being polluted in many ways by human actions like air pollution, water pollution and noise pollution. Since our school days we are being studying about the pollution and its hazardous effects to globe. Due to cutting off trees, increase in rate of air pollution we are now facing the issues like global warming, uncertain climatic changes, irregular rainfalls etc. We ourselves are responsible for the happenings and uncertainties. Addition to this we are also facing the problem of plastic pollution as it is being used in our day to day life on large scale.

Excessive use of plastic is now becoming hazardous which is leading to pollution and harmful effects on globe as plastic is non-biodegradable.

When plastic is being thrown on ground it reduces the fertility of the soil. Also when it is dumped in water the life in water gets affected. The small particles of plastic may get mixed with the water which is being used for drinking and that may be harmful to the health of and individual or animals. It is a material that lasts forever and never goes off. It just breaks down smaller.

To avoid this hazardous and harmful effects of plastic we should take some corrective actions like Recycling of Plastic. This may help in reduce the pollution which is createad out of plastic and instead of dumping it in grounds or in water reuse it. Their are number of ways through which plastic can be reused at individual level and ultimately help to reduce pollution.

Each and every individual should take the responsibility of reducing the pollution and contributing his or her part to save the earth from harmful effects.

24 | July 2019 |

OF PLASTIC

PLACING THE BEST FOOT FORWARD Plastic recycling is nothing but to collect different plastic materials and then reprocess it into variety of products that can be again made available for use. Before recycling any of the plastic waste, it has to go through five different stages : Sorting: Plastic is being sorted out according to its type and making so that it will be helpful to process it accordingly in shredding machine.

Washing: After the sorting process the plastic wastes has to be washed properly to remove the impurities like adhesives or labels. This help to increase the quality of finished product.

Some of the ways to reuse the plastic are being mentioned below which would help to reduce the pollution.

This are home made ways which can help to reuse the plastic in different useful ways.

Home made ways or techniques to Recycle the Plastic: • The person can use his creativity for making different household articles out of plastic. It may be reuse of old bottles for making snack container.

• or reusing it for planting the plants and using the bottle as sprinkler in garden.

• Making a pen-holder.

Shredding: Once the product is washed it is then forwarded for shredding. In Shredding process, waste are loaded on different conveyer belts which run waste through different shredders which tear up the plastic into small pellets and preparing it for recycling of other product.

Identification and Classification: In order to ascertain the quality a proper testing is done of plastic pellets.

Extruding : This process involves melting of the shredded plastic so that it can be extruded in pellets then they are used for making different types of products.

Above mentioned are just some illustrations which can help you out to get some ideas and use your skills for recycling of plastic and take initiative towards reducing the ill effects of the same in the environment.

- Tejaswini Whaval

Signet Industries Limited Delivering Innovative and Quality Based Plastic Products

T

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The world of extra ordinary progress

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he Indian plastic industry started off with producing polystyrene in 1957. Over the period of years, the industry today employs over 4 million people, comprises of more than 30000 processing units in which 85-90 percent are SME’s. Industry reports reveal that India is ready to have 18 plastic parks and the Government will be investing Rs 40 Crore (US$ 6.2 Million) to increase the domestic production of plastics. This will achieve environmentally sustainable growth and increase employment.

Spreading the mantra of ‘doing things differently and innovation’ to achieve success in the fast changing world with the help of experience, a promising company entered into the industry called as “Signet Industries Limited”. The company was formed in the year 1985, headquarterd in Indore, Madhya Pradesh and has a head count of over 520 employees. It’s belief in creating the world a better place has managed itself to develop a prominent client base such as Larsen & Turbo, TATA Projects Ltd, Sardar Sarovar Narmada Nigam Ltd, Megha Engineering & Infrastructures Ltd. The company is also listed in BSE and NSE. Front runner of the Company

Saurabh Sangla Signet is one of the fastest growing company in Plastic processing in irrigation and infrastructure segments.

The person behind creating this venture, touching the epitome of success is Mr. Mukesh Sangla. With an experience of 4 decades in the field of plastic and agro-industries, Mr. Sangla is a graduate from Ujjain University and started his business at a very young age with the distribution of coal and books.

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Mukesh Sangla

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Mr. Sangla’s hands on expertise in the company’s finance and strategies and passion for work has ensured the company’s mark in every business operation. The internal team’s performance ability and system driven organization are considered to be his biggest strengths. He also envisioned to provide a good quality product at the best prices available. In the Polymer Industry, he is a well respected person.

Mr. Saurabh Sangla is a second generation entrepreneur and is the Executive Director at Signet Industries Ltd. He completed his Bachelor in Science in Industrial Engineering and Operations Research at University of California at Berkeley in 2002. He steers company’s manufacturing growth and has played key role in implementing project swiftly at a very fast pace.

Rendering Exquisite Products And Services Signet understands farmer’s and all end user’s problems and delivers a solution with the help of an expert team. The establishment of complex supply supply-chain management and world class modern infrastructure with focus on fulfilling the needs of end users on a timely basis has been the key to its success. Company’s vision is to integrate and add value to needs of the country by introducing modern irrigation systems that will be fruitful for the farmers and the economy of the country. The company is one of the few companies that provides end to end solutions for drip irrigation from farmer training, soil and water testing, project design to implementation and after sales service.

Banking only on best global technologies and manufacturing products that cover wide range making Signet is a one-stop shop for all users has been an extremely rewarding approach.

The Company started with the distribution of DCW’s PVC resins and imported Polyolefins. During the year 2017-18, the company entered into producing CPVC pipes & fitting segment and expanded the PVC fitting range and HDPE & Drip irrigation capacity. Currently, the company is producing upto 650 mm large diameter pipes. Recently, it launched large diameter fittings for HDPE pipes and also launched DWC pipes.

Further, the company is currently working on developing gas-pipelines and many more projects, in-line for both agriculture and infrastructure space. The company is taking the initiative to improve production efficiency in the company through automation and implementing industry 4.0. It also expanded its dealership networks and expanded PVC lines for infrastructure projects across key states in India.

Award : Signet received MP Brand Leadership Award 2019 from World Marketing Congress.

Gifts for the Society Apart from fulfilling its organizational goals, the company is also utilizing its resources for the development of the society.

Signet’s work ethics and continuous improvement towards the better cost of production has allowed the customers to buy virgin plastic rather than cheap environmental hazardous plastic. The government’s initiative – GST has helped the company to train the users about the benefit of virgin plastic and avoid any use of plastic that strains upon the environment.

Future Prospects for the Industry Even though the company faces challenges, the technology developments and innovations in the industry has helped them in overcoming those obstacles. The company foresees a strong future of plastics with a lot of innovative biodegradable polymers. The Biodegradable plastics industry is expected to be worth $6.12 billion by 2023. Globally reinforced plastics market is anticipated to reach $16 billion by the end of 2019.

These plastics have been widely used in the automobile industry offering a great alternative to metal components.

Another component of innovation is 3D printing. It is tremendously improving various aspects of plastic manufacturing and will continue to remain a catalyst for re-imagining options for plastic parts. With desktop 3D printers already on the rise, multiple plastics manufacturing companies are investing in the research and development of advanced plastics for 3D printing. groupsignet.com

27 | July 2019 |