POLYMERS Communique - 7.3 – Feb – Mar 2021

A CUSTAGE I N I T I A T I V E Feb - Mar 2021 l Issue 7.3 l ` 150

Weathering Business

Storms with Finance

CONTENTS February - March 2021 Issue 7.3 l

Under the Cover

As the world wears the vaccine ‘kavach’, we chose to inject a different thought by highlighting changing financial trends in business, creating a weather congenial for business.

It’s March time and, in India, the ‘financial year closing’. The India Budget 2021 has just been presented. In 2020, COVID inflicted unprecedented business setbacks that the finance gurus in organisations have had to handle. With this backdrop, we at POLYMERS Communique, for the first time chose this theme of, ‘Role of Finance in Business’ and present this issue with a hope that coming months will present all the normalcy that the world has been waiting for, in all walks of life! Till then, first stay safe and then successful!

WELL DIRECTED

28

The Future of Financial Services Securing Your Tomorrow, Today

Source: PwC

A MUST THRUST

36

Finance Must Support Flexibility, Scalability and Responsiveness for Global Opportunities and Challenges

Rajan Pental, Senior Group President & Global Head Retail Banking, YES Bank , Mumbai

STEP AHEAD

36

42

42

Diversification is the Key for Corporate and Personal Financial Management

Ajay Wagle, Director, Corporate Finance - Asia, Milliken Chemical & Textile (India) Co. Pvt. Ltd., Pune

well-sharpened to respond to industry needs...

+91-22-2520 4436 info@polymerscommunique.com POLYMERS Communiqué l February - March 2021

58

66

74

THE RIGHT FOOT

IML EDGE

46

Will You Fit India’s Global Footprint? Budget 2021, a Platform for Great Leap Forward

Shailesh Sheth, Corporate Strategy Advisor, Management & Manufacturing Technology, Mumbai

RESEARCH REPORT

50

Role of Finance in Business (RFB 2021): A POLYMERS Communiqué Survey

POLYMERS Communiqué Survey Services

66

IML: An Effective Packaging Technology for Circular Economy

68

SIVARAM SPEAKS

62

Upcycling Polyolefin: The Emerging Science

Dr. S. Sivaram, Former Director, CSIR-NCL, Honorary Professor and INSA Senior Scientist, Indian Institute of Science Education and Research (IISER), Pune

Constantia India Acquires the Rajoo 5-Layer POD Blown Film Line for an Edge in Business

Digital Colour Management to have Significant Impact on Business Operations and Profits

Srikanta Khatua,

Head of Operation ‘Creative Sub-Cluster’, Constantia Flexibles India, Aparna Paper Processing Industry (P) Ltd., Puducherry

Subhash Naik, Sales Manager - PCS - ISC, Datacolor Solutions Pvt. Ltd., Mumbai

Companies, Ahmednagar

COLOUR-N-YOU

Ronak Bothra, Director, Paras Group of

80

2M Business Solutions; and Business Consultant to Mitsubishi Chemical India Pvt. Ltd., YUPO Corporation, Japan; Mumbai

SHOWCASE

58

ADVERTORIAL

Prashant G. Mandewal, Managing Director,

BEYOND BOUNDARIES

Tremendous Opportunities for India and Her Products

68

72

Knowledge and Sustainability to Take Centre Stage at PVI 2023, Mumbai

Kailash B. Murarka, Chairman - National

Executive Committee, PLASTIVISION INDIA 2023

ALL-AROUND APPROACH

74

Ensuring Sustainable Future for Generations

ON-THE-MOVE

94

Sekaran Murugaiah, Vice President Business

Development, Asia Pacific, Davis-Standard, LLC, Malaysia

Industry Benefits with the POLYMERS Communiqué App

MAKING MARCOM

+91-91366 00573 info@custage.com Communication Services

Custom Publishing

Business Forums POLYMERS Communiqué l February - March 2021

Printed and Published by Manish Chawla

manish@custage.com

Chief Editor

INSIGHT

96

Plastics Waste Management National and Global Approaches

Rajeev Kumar Dwivedi, Director TTRC, Lohia Corp Ltd., Kanpur

HAND HOLDING

102

AIPMA Launches AMTEC to Rapidly Bring MSMEs At Par With Global Standards

ON TRACK

104

More than a Plastics and Rubber Trade Fair: CHINAPLAS 2021 Concurrent Events Unveiled

Jyoti

88

Designing Safer Chemicals Part II: Green Chemistry and Fundamental Principles in Design

Professor (Dr.) Ganapati D. Yadav, Emeritus

Professor of Eminence & Former Vice Chancellor and R. T. Mody Distinguished Professor, Institute of Chemical Technology, Mumbai

98

Remanufacturing: The Untapped Opportunity

Ruby Thapar, A Reputation and Sustainability Consultant and an Executive Coach, Mumbai

106

Project Management: An Integral Part of Organisational Growth

Prashant Trivedi, Vice President, Sangir Plastics Pvt. Ltd., Vapi

In series...

78

The Fall Guy Named ‘Plastics’

siddhant@custage.com

Editorial Advisory Board Arvind Mehta Chairman and Managing Director Welset Plast Extrusions Pvt. Ltd. Prof. (Dr.) N. C. Saha formerly Director at Indian Institute of Packaging N. K. Balgi formerly President & Director at Ferromatik Milacron India Pvt. Ltd. Pushp Raj Singhvi formerly Vice Chairman and Managing Director at Borouge (India) Pvt. Ltd. Rajesh Nath Managing Director, German Engineering Federation (VDMA) India Office Rakesh Shah formerly Managing Director at Windmöller and Hölscher India Pvt. Ltd.

Custage Marketing Solutions LLP 406, Vikas Centre, Dr. C. G. Road, Chembur, Mumbai 400 074, INDIA

Printed at

Succession Planning: The Key to Sustained Success of Businesses

Silverpoint Press Pvt. Ltd. A-403, TTC Industrial Area, Near Anthony Motors, Mahape, Navi Mumbai - 400709, District - Thane

Rakesh Shah, RS Coaching and Consulting, New Delhi

And The Rest

Siddhant

Designed by

Committee, Indian Centre for Plastics in the Environment (ICPE), Mumbai

84

Asst. Editor

S. K. Ray formerly Sr. Executive Vice President (Polymers) at Reliance Industries Ltd.

S. K. Ray, Hon. Secretary & Member of Executive

jyoti@custage.com

Advertising Sales - National

News.................................................................. 20

Golden PAGES...........................................108

RETRO.................................................................56

Events............................................................ 110

Weekend Delights.................................100

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Printed and Published by Manish Chawla, and printed at Silverpoint Press Pvt. Ltd., A-403, TTC Industrial Area, Near Anthony Motors, Mahape, Navi Mumbai - 400709, District - Thane and published from 406, Vikas Centre, Dr. C. G. Road, Chembur, Mumbai 400 074, INDIA. Editor: Manish Chawla.

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Views and opinions expressed in this magazine are not necessarily those of POLYMERS Communiqué. Readers are advised to seek specialist advice before acting on information contained in this publication, which is provided for general use and may not be appropriate for the readers’ particular circumstances and so POLYMERS Communiqué does not take any responsibility for any loss or damage incurred or suffered by any of its subscribers / readers / advertisers of this magazine. The publisher makes every effort to ensure that the magazine’s contents are correct but do not take any responsibility for the absolute accuracy of the information. Subject to Mumbai Jurisdiction. Some of the images used in this issue are from Shutterstock. The maps, if used, in this document are only a pictorial representation, not to scale and do not indicate any geographical boundaries.

No part of this publication or any part of the contents thereof may be reproduced, stored in a retrieval system or transmitted in any form without the permission of the publisher in writing. POLYMERS Communiqué reserves the right to use the information published herein in any manner whatsoever. The ownership of trademarks is acknowledged.

Bhavesh

+91-22-2520 4436 bhavesh@custage.com

Content Alliance Partners

SL

SL

R

Mind Speak Rajesh Nath

Prof. (Dr.) N. C. Saha

formerly Director at Indian Institute of Packaging

significant In the post pandemic scenario, a busin ess is in ce finan of role the in ge chan that the d rstoo unde ly clear is It observed. emerging industry needs to adopt powerful ation and technologies combining autom ity with robotics to increase productiv intelligence optimum workforce, artificial for higher and data analysis to increase yield oved quality efficiency, reduced costs and impr etition. in businesses to meet global comp on of missi Our objective of fulfilling the itely emerge defin d woul t’ Bhara har anirb ‘Atm Hence, it is as a great business opportunity. t change migh eurs pren entre that expected e finance their decision dramatically to utilis the role in a different manner by changing ll growth of of finance towards the overa their business.

N. K. Balgi

formerly President & Director at Ferromatik Milacron India Pvt. Ltd.

Traditionally, due to the role of the function, people in finance earned a nickname of ‘Bean Counters’.

In my working life, I witne ssed ‘Bean Counters’ transforming into ‘Resource Managers’ in addition to being controllers of finance. In 90s, ‘manpower’ got recognised as Human Resource. In some progressive organisations, managing two important resources of business - fund s (finance) and human resource became part of Chief Financial Officer’s responsibility.

Roles got changed from record keeping - analysing reporting to improving busin ess results by providing guidance to eliminate inefficiencies and to use resources effectively.

This department monitors business activities of an organisation to maintain ‘growth with profits’ for its longterm survival and stakeholder’s (customers, employees, suppliers and investors) prosperity.

Pushp Raj Singhvi

Arvind Mehta

Rajesh Nath

Managing Director (VDMA) German Engineering Federation India Office

Rakesh Shah

formerly Managing Director at Windmöller and Hölscher India Pvt.

Role

The

Ltd.

of finance has undergone majo r shifts in the increasingly complex world of business.

With available tools - ERP, predictive modelling, powerful analytics and artificial intelligence have enabled finan ce mangers to take a more important and pro-active part as partners in strategic plann ing, risk evaluation and management.

They have an understanding of markets, consumer behaviour and all factors which affect future needs and availability of resou rces through revenue, investments, costs and competitive environment. The CFO can optim ise inputs to achieve best financial perfo rmance and help enhance stakeholder value . The Bean Counter of yesterday has meta morphosed into a powerhouse for healthy growth of business today.

S. K. Ray

ent (Polymers) formerly Sr. Executive Vice Presid at Reliance Industries Ltd.

been the From time immemorial, money had performance.

solitary index to judge business als initially This kept finance profession subsequently and ing -keep book on ed focus and other moving on to planning, budgeting evolved thus ion funct The ities. business activ nd number into a discipline going beyo n in decision crunching to active participatio additional making. It is now faced with ns, besides challenges as business organisatio onmental, financial reporting, embrace Envir rting. These repo (ESG) e rnanc Gove and l Socia performance additional parameters to judge sensitivity holistically would demand extra issues. from finance professionals to these

Rakesh Shah

N. K. Balgi

S. K. Ray

must role of finance in business emphasis continue to evolve to place less and more on transaction processing performance driving on emphasis technologies Emerging improvements. function ce finan the e ernis mod can Finance . tasks ne routi ating by autom cing act. executives have a difficult balan them to be Their business partners expect th, while trusted advisors in enabling grow for reliable also meeting the demands tment in business intelligence. The inves tightrope. technology is key to walking that

Pushp Raj Singhvi

formerly Vice Chairman and Mana ging Director at Borouge (India) Pvt. Ltd.

Finance has become a professional discipline which helps optim ise available resources. It helps in setting new strategies in deciding capex, opex pricing and manpower mobilisation.

From mere book keeping to now focus on cost controls and key strategic decisions to help achieve business; from tradit ional ledger keeping to historic data and proje ctions; from controllers to enablers, finance in much more than just a job of accountants; it has moved from the role of Munimji to Analy sts.

Arvind Mehta

Chairman and Managing Director Welset Plast Extrusions Pvt. Ltd.

omy.

Finance is the lifeline of any econmajo r

The last 5 years has witnessed n, financial changes - demonetisatio GST introduction, e-payments etc. nearly has economy Parallel micro of Growth disappeared. and to small, small to medium pace. medium to large is at a faster ing A large enterprise can source fund by through the public as well, there s. reducing dependence on bank ired requ with th grow tured Struc with finance, through performance d. transparency in business has arrive

Prof. (Dr.) N. C. Saha

Feedback ine Communiqué magaz rmative; info ely rem ext and I find for the last 2 years erience to world, it is a great exp especially in this digital to know get We . our flav a different read a hard copy, it has yolefin industry. pol the in ies log hno about the latest tec investments on new projects and Also, the information gazine is cover page of your ma keeps us updated. The nce to erie exp nt asa ple a overall, it’s always attractive and ué. niq mu read POLYMERS Com

I have been reading POLYMERS it

I am using the POLYMERS Communiqué for our reference for past 4 years to get updates related to the polym er field. It also gives us an insight into the world of plastics, new technologies, important updates about what is happening in the field of research and usage of new materials and technologies for plastics. It is a onestop solution for updating our knowledge and keeping us abreast about latest developments.

Interviews of important people also helps us to understand their views on important things related to plastic s. I wish POLYMERS Communiqué will continue helping us even in future.

Shilpa M. Avle

Ravindra Kulkarni

Mayuresh Gears Pvt. Ltd.

Ltd. ineering Systems Pvt.

Indpro Eng

e I would like to stat muniqué is Com ERS YM POL that the tent and also excellent, both in con ad of issues spre The at. the form there is fair and covered is wide ity factor, life abil tain sus the to focus etc., which are cycle management to the future key the be to going eed makes ind ity growth. Sustainabil er horizon larg a r ove se sen ic econom , will help red me ham and this aspect, if

Straightway,

ine

POLYMERS Communiqué magaz t on

conten is providing good It’s very ers. ym pol / plastics ovative inn st informative about late new and ts duc pro on updates sing. I always technologies in proces iving the new look forward to rece Communiqué edition of POLYMERS very good a is It . magazine information platform to get unique rviews of inte ny ma are as there which ues eag our industry coll of ght insi al son per us provides t nex the for them. Eagerly waiting Team to hes wis t bes y edition...M ué.

POLYMERS Communiq

ertaining; informative and ent is something like ué niq mu Com ERS POLYM cher / guide, all rolled a friend as well as tea ate what the team at reci app We . into one ué has achieved and niq POLYMERS Commu e doing so in the tinu con to m the expect future as well.

Helpful,

Dhaval Parmar

. Ltd.

Rainbow Packaging Pvt

the industry.

to Mr. Manish My best wishes excellent work Chawla for the . ken erta being und

Prabh Sharan Singh

Indian Chemical Council

Chirag Patel

ut the plastics ine. Keep up gaz ma this industry is found in rk. wo d the goo

A lot of vital information abo

Mohit Arora

Sew Machines India

.

PI Polyblendz Pvt. Ltd

s great insight into Communiqué provide content and virtual of lity qua The y. the plastics industr a one-stop solution is It s. rld-clas representation is of wo ’ talk, new ustry updates, experts for me to gather ind a special ke ma to like uld . I wo launches, events etc analysis and lt r surveys, the resu mention as regards you are very helpful. es. and exploration continu I wish your good work

POLYMERS enjoy reading admire your work and ué.

POLYMERS Communiq

I

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fessor, Indian NASI Distinguished Pro galore Institute of Science, Ban

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News Digest ALPLA UK, cooperating with the British waste management company Biffa will focus on regional PET recyclate

Anchor Packaging, a leading US manufacturer of foodservice packaging, breaks ground on plant expansion

BASF doubles its acrylic dispersions capacity in Pasir Gudang, Malaysia

Biffa doubles plastic recycling capacity with £13M Washington investment

Starlinger: Technologies for Cement Packaging and Plastics Recycling at CHINAPLAS 2021

A

D*STAR

block

bottom

valve

bags and post-consumer plastics

recycling are the two main topics that

Starlinger

will

focus

on

Shenzen, China.

After

the

&

Co.

at

GmbH

CHINAPLAS

publication

of

the

in

new

National Standard for Cement Packing

A-B

AD*STAR block bottom valve sacks

highly sought after. Until March, 2022,

tape fabric using a specially developed

switch their packaging to one of the

film or kraft paper, the plastic fabric is

in the ‘standard’. Among them is

and protects the content from moisture.

made of plastic fabric, which have

sacks

made of coated PP tape fabric are

are made of laminated polypropylene

Chinese cement producers have to

welding process. Contrary to blown

three

specified

extremely durable and break-resistant

AD*STAR block bottom valve sacks

These characteristics make AD*STAR

been

packaging solution because they help

by

cement

sack

developed

the

Austrian

types

and

company Starlinger.

patented

engineering

“Since it has been established that the Starlinger AD*STAR block bottom of

the

National

Standard,

demand

for them in China is skyrocketing,” says

Herman

Adrigan,

Head

of

Sales, Starlinger. “We are delivering conversion

lines

for

an

additional

2 billion AD*STAR sacks to China

until 2022. The focus of our division Starlinger

textile

packaging

at

CHINAPLAS will thus be on AD*STAR production

technology,

although

unfortunately we cannot present the latest

technological

developments

live on a conversion line during the exhibition,” he adds.

20

A Sustainable Packaging for Cement

last October, block bottom valve bags

valve sacks meet the specifications Blown film manufacturer in Benin, Asahel Benin Sarl, expands bio compound capacity with Coperion system

Starlinger ad*starKON conversion line for AD*STAR® block bottom valve sack production.

a

very

sustainable

cement

to reduce CO2 emissions during cement

production: Less cement loss caused by ruptured sacks or hardened cement in

the course of the transport and logistics chain means that less cement needs to be produced for replacement - and consequently, less CO2 is emitted.

Expansions and More at Supreme Petrochem Ltd.

S

upreme

Petrochem

Ltd.

(SPL)

has expanded its range of colour

masterbatches to provide customised

solutions for a wide range of applications including mono and multilayer films,

hygiene and industrial films, tarpaulin, shade nets, leno bags, woven sacks, crates, pallets, EPE and XLPE foam,

blow- and roto-moulded containers, PP corrugated sheets and PPRC pipes.

POLYMERS Communiqué l February - March 2021

Our range of glass

r e i n f o r c e d compounds

Digest Capsul’in Pro launches world’s first home compostable, 100% bio-based and barrier to oxygen coffee capsule

formulated and

manufactured to

meet

exacting

standards, have set new quality

benchmarks in consumer appliances,

automotive, agriculture and industrial applications. Compounds, upto 40% glass

Coca-Cola European partners invests in two KHS lines

in

SAN, ABS and PP,

content,

including

coupled

and

SPL

committed

are available. is

customised to

chemically

solutions

extend

its

reach in E&E segment through its

conductive range of grades in styrenics and

polyolefins.

Products

are

on

schedule to be commercialised in the Coveris continues strategy to focus on converted high end packaging solutions and acquires Initial Packaging

Covestro and Plama-pur cooperate to produce foam for sports shoes

next quarter.

Post COVID, projects to double the black

masterbatch

capability

and

new capacities in PP mineral filled compounds has been revived.

Guest,

January,

Emeritus

2021,

Professor

of

Eminence, Dr. M. M. Sharma applauded

C-D

The

Foundation

for

Innovative

Packaging and Sustainability is the brainchild

of

eminent

packaging

industry stalwart, Prof. (Dr.) N. C. Saha,

Former Director, Indian Institute of Packaging

and

Founder-Chairman,

FIPS. He is partnered by Prof. (Dr.) Anup

Ghosh, of IIT Delhi and Director K.

Ghosh,

Essel

Former

Propack

Research

Group

as

as

a

knowledge

platform, six

exchange

reputed

resource of

sharing

MOUs

organisations

with

was

announced during the inaugural event NECTAR, NI-MSME, MGU, USTM, FITT and NERIST.

To mark the beginning of its role as

Speaking at length about the various

FIPS hosted its inaugural webinar on,

ways in which packaging makes our

lives easier, Dr. Sharma mentioned

a knowledge and training resource, ‘Packaging Innovation and Sustainability’

that packaging is not only high on

science, but also has elements of technology

and

art.

He

touched

and

stressed

upon popular misconceptions about plastics

packaging

the need to create packaging that is sustainable, recyclable and used with responsibility.

Also present at the event were Guests of

22

Retd.,

the innovative way the event had

been packaged in a virtual format.

DuPont to acquire Laird Performance Materials from Advent International

I.A.S.

To promote the objectives of FIPS

Innovative Packaging and Sustainability

Chief

Rashmi,

Director - Innovation, FIPS.

the launch of the Foundation for

Decision Sa announce new direct mould tooling technology for Aerospace

Ranjan

Former Chief Secretary, Manipur.

Director,

I

28th

Rajani

Mrinal

naugurating the virtual event for

on

Former Chief Secretary, Tripura and

Training & Research, FIPS as well as

FIPS Aims to Meet ‘Needof-the-hour’ in Packaging Knowledge, Research, Design and Sustainability

(FIPS),

Dr. U. V. Venkateswarlu, I.A.S. Retd.,

Honour

and

Mentors

of

FIPS,

POLYMERS Communiqué l February - March 2021

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by inviting eminent experts to speak on the subject.

Digest

In the first plenary session, Chitranjan Dar, Former MD, ITC Foods made a detailed presentation on, ‘Packaging

ELIX Polymers and Polyscope Polymers cooperating in speciality materials for automotive interior applications

Solutions for an Emerging India’. For the second plenary session, Prof. Chris Bruijnes,

Netherlands

Managing

Institute

of

Director,

Sustainable

Packaging made a presentation, direct from The Hague, titled, ‘Sustainability and Circular Economy’.

This is an opportunity for all like-minded Evonik launches Siridion® Black, a novel highperformance material for batteries

individuals and organisations to come together on the FIPS platform and

The recorded video message of Ulrich

knowledge,

Foreign Trade Division, VDMA Frankfurt

work towards growth of packaging

Ackermann,

sustainability in India.

highlighted three prognosis like slow

research,

design

and

economic

9th VDMA Mechanical Engineering Summit HEXPOL acquires VICOM 2002 S.L. a leading Spanish wire and cable compounder

T

he

9

VDMA

th

Mechanical

held on 22nd January, 2021 at hotel Pune.

Over

200

participants, mostly VDMA members from 17 states of India, attended this prestigious event.

INEOS Styrolution’s Zylar® 261 used in Samsung’s new range of household appliances

address

by

Rajesh

Nath,

9th

VDMA

Managing Director, VDMA India. On the

occasion

of

the

Mechanical Engineering Summit, the

Summit Special issue was released

by the dignitaries. This was followed Säntis Packaging AG, plastic packaging manufacturer, has acquired plastics processor Swissprimepack AG

E-S

by the address of the Chief Guest,

Dr. P. Anbalagan, I.A.S., C.E.O., M.I.D.C who

spoke

the

investment

the state administration for enhancing development

of

industry in Maharashtra.

manufacturing

Honour, Dr. Juergen Morhard, Consul General,

members of the EU.

The proceedings of the day were divided into Technical Session I and II. The final session of the summit was devoted to a very interesting and

thought-provoking panel discussion on, Atmanirbhar Bharat propelling Indian

Consulate

General

dollar economy?

After the panel discussion, the stage was set for the 3rd VDMA Manufacturing

Excellence Awards.

B&R’s Machine Vision Projects Made Easy with New Smart Camera that Supports Changeover at Full Production Speed

B

&R’s

integrated

machine

vision

portfolio now includes a Smart

Camera

that

combines

multiple

machine vision functions in real time.

In his special address, the Guest of of

the

Federal Republic of Germany, Mumbai

informed the audience on the latest FTA updates.

24

on

opportunities and new initiatives by the

global

Manufacturing sector towards 1 trillion-

The summit commenced with the welcome

rising

to improve competitiveness of the other

Engineering Summit - the annual

Regency,

recovery,

Director,

protectionism and necessity of reforms

flagship event of VDMA India was Hyatt

Managing

That makes it easy to implement sequences

of

process-controlled

functions that would be costly and time-consuming

to

achieve

conventional smart cameras.

with

On a machine producing multiple

POLYMERS Communiqué l February - March 2021

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STATEMENT OF OWNERSHIP - FORM IV (See Rule 8) Statement about ownership and other particulars about newspaper namely POLYMERS Communiqué to be published in the first issue every year after the last day of February

1. Place of publication

: 406, Vikas Centre, Dr. C. G. Road, Chembur, Mumbai 400 074, INDIA

2. Periodicity of publication : Bi-monthly n

Nationality : Indian

3. Printer’s Name

: Manish Chawla

: 406, Vikas Centre, Dr. C. G. Road, Chembur, Mumbai 400 074, INDIA

Address

4. Publisher’s Name

: Manish Chawla

: 406, Vikas Centre, Dr. C. G. Road, Chembur, Mumbai 400 074, INDIA

Address

n

n

Nationality : Indian

Nationality : Indian

5. Editor’s Name

: Manish Chawla

: 406, Vikas Centre, Dr. C. G. Road, Chembur, Mumbai 400 074, INDIA

Address

6. Names and addresses of individuals who own the newspaper and partners or shareholders holding more than one per cent of the total capital: Manish Chawla, 406, Vikas Centre, Dr. C. G. Road, Chembur, Mumbai 400 074, INDIA

I, Manish Chawla, hereby declare that the particulars given above are true to the best of my knowledge and belief.

Date: 1st March, 2021 MANISH CHAWLA

Signature of the Publisher

26

POLYMERS Communiqué l February - March 2021

WELL DIRECTED

The Future of Financial Services

Securing Your Tomorrow, Today Changes in the geopolitical setting, the structure of the global financial system and a difficult credit environment provide banks, insurers and asset

managers with opportunities to support clients in navigating these challenges,

adjusting portfolios and developing new investment opportunities.

I

n contrast to the global financial crisis (GFC), COVID-19 triggered initial impacts in the real economy and will increasingly manifest itself

in a second stage throughout the financial sector.

The lockdowns and social-distancing measures imposed by

governments around the globe to flatten the infection curves

have caused significant damage to many industries, all of which

are served by financial institutions. Compared to all previous Source: PwC

28

crises - including the GFC, the oil-price shocks of the 1970s or

even the Great Depression of the 1930s - COVID-19 will likely

POLYMERS Communiqué l February - March 2021

have the most substantial impact on

intervention

reduction in worldwide GDP of more

greater

the global economy, with a one-year than 6%. Financial services firms need to consider 7 macro trends to properly plan for the future.

although COVID-19 presents significant challenges, other fundamental factors tensions

and

evolving regulatory regimes will shape financial

institutions

indebtedness to

keep

and

driving

and

interest

rates low. This is in addition to the fact that central banks maintained

a

low

since the GFC, augmented

future, it is important to note that

geopolitical

governments

ultimately

interest rate environment

As we shift our attention to the

as

by

banks,

incentives

have

Macro Trends That Matter and Their Impact in a PostCOVID-19 World

such

central

significantly

in the mid- to long-term. We don’t have all of the answers, but there is a set of macro trends that financial

institution leadership teams need to understand in order to properly plan for their future:

Low Interest Rates Will Continue Wreaking Havoc on Margins and Business Models The response to COVID-19 will likely

significantly prolong ultra-low or even

negative interest rates, fuelling further margin compression in the short term

for the banking sector and asset-price distortions in the long term. As part

of their response to the crisis, we are

seeing strong fiscal and monetary

Many of the questions about organisational structures and talent that existed before COVID-19 - the efficacy of remote working and the productivity of agile teams - have been answered. These and related tools and approaches are now being deployed, and are succeeding, on a massive global scale.

by substantial quantitative

easing (QE), which has driven

down net interest margins for

banks

and

investment

returns for insurers and asset

The post-GFC changes were also profound, as the industry grappled with increased regulatory costs by selling businesses, reducing workforces, increasing offshoring and taking many other important actions.

The COVID-19 crisis is only accelerating trends well underway in each sector and underscores how much work remains to be done.

managers. However, lower rates

have also pushed investors away from

cash,

increasing

assets

under management (AuM) at

asset and wealth management firms.

We see low interest rates persisting for the foreseeable future, requiring

that institutions increase investment in measures to reduce costs, digitise

and improve productivity to maintain margins and profitability. In addition to these low rates, depressed asset values

negative

and

returns

impact

on

have life

had

a

insurance

prospects and are forcing insurers to look at their business model and

the cost of servicing customers via digital channels.

asset

resulting

COVID-19 will

impairments

from

ultimately

the

pandemic

further

constrain lending and the risk-bearing

capacity

of

regulated banks and insurers

to support the real economy during the recovery phase.

This

will

problematic

POLYMERS Communiqué l February - March 2021

of their new funding in 2018 from bank

loans (according to the Association for Financial Markets in Europe 2019 annual

report). In any case, most businesses

will need to develop a broader choice of funding options and increase the share delivered by capital markets

and the so-called shadow banking or alternative

financing

industry

(such

as PE funds and sovereigns) over today’s

levels.

combination

of

For

low

insurers,

interest

a

rates,

asset impairments, and the potential

The COVID-19 Recession and Asset Impairments Will Reduce Riskbearing Capacity for Regulated Industries to Support the Real Economy as it Enters the Recovery Stage Over the Next Year The

where companies obtained almost 90%

be

particularly

in

Europe,

for increased pandemic payouts for business interruption are all serious concerns

regarding

the

ability

business.

As

additional

to

fulfill obligations and underwrite new such,

risk-

reduction efforts, footprint reductions

and an increase in run-off books (and,

in some cases, insolvency) will be the result of these challenges. Therefore,

insurers will need an increased focus on

rebuilding

product

capital,

portfolios

per-client profitability.

and

rationalising maximising

Alternative Providers of Capital are Set to Become an Even More Important Part of the Global Financial System As

has

been

well-documented,

29

the

Relief measures put in place by regulators

At

regulated versus unregulated capital,

been modest and temporary in nature,

EU will increasingly require detailed

post-GFC

regulation

increased

cost differential (and availability) of

thus significantly boosting the role of nonbank providers of capital. In fact, the role of alternative financing

has been on a dramatic rise since 2010.

For

the

reasons

previously

noted, we see this trend accelerating as the rebuilding of the economy post-COVID-19

will

especially

in

sources

of

capital.

true

medium-sized

require This

the

will

small

enterprise

fresh

be

and

(SME)

sector, which provides the bulk of

employment in most countries. For

established financial institutions, the rise of alternative capital brings into

question their very role as a capital provider how

the

versus

an

platform

intermediary,

economy

and

various funding models will evolve in the future, and where they should play in this ecosystem. There has also been an increasing role of the

government, which has provided both

equity and non-equity support for the corporate sector. This shift has several implications:

financial

institutions

need to adjust their business models to a less pronounced role in providing capital (with a corresponding P&L impact)

and

find

new

ways

to

participate in the value chain of intermediation enable

and

alternative

marketing.

To

financing

to

flourish, policymakers need to make much-needed

regulatory,

tax

as part of the COVID-19 reaction have

and they will eventually be scaled back.

Regulatory initiatives that had been planned

or

temporarily

postponed

will be implemented in short order.

In fact, the US could even see a

wave of new regulation, depending on

the

outcome

presidential

election.

of

this

year’s

Regardless

the situation in the US, regulation will continue to be a major consideration in such areas as sanctions, anti-money laundering and know your-customer, IFRS 17 implementation, and LIBOR replacement / reference rate reform,

among others. The implementation of

Basel IV and tighter capital regulation

will continue, challenging traditional lending

business

models

and

institutions across the board.

In terms of environmental, social and governance (ESG) criteria, the massive

investments put into the real economy to

address

COVID-19

and

support

the most severely hit industries and

regions - programmes direct spending, equity investments or the provision of

financing (capacity) - will increasingly be driven by an ESG mindset. The asset management sector is rapidly adopting

this

mindset.

Already,

90% of the top 50 asset managers worldwide subscribe to the Principles for

Responsible

Investment

(PRI).

and

COVID-19 Will Not Delay and May Accelerate - the Implementation of Current and Planned Regulatory Measures in Many Countries and Regions Regulation has been, and will be,

a significant trend in the industry.

30

time,

reporting

disclosures

regarding

sustainability

and other related measures. Finally, as providers of capital, banks and insurers will increasingly serve as a mechanism to transmit - through riskpricing and funding costs - both the

benefits and the costs of sustainability to clients.

Continued De-globalisation Will Further Align the Size of Financial Institutions to the GDP of Their Home Countries While Continued Offshoring Will Increase Operational Risk Across the Industry In the wake of the GFC, regulation was focused on shrinking the world’s preeminent (primarily

financial

banks),

as

institutions

governments

decided that they could no longer backstop a financial system where

capital and risk were deployed globally but bailouts were entirely local. As a result, we have seen a striking rise in the

size and scope of Chinese institutions,

while the relative shrinkage of many European institutions has been dramatic.

Collectively, with few exceptions, this

amounts to a new financial world order, one that is more aligned with national economic power.

At the same time, cost pressures

separate their front-office operations

needed, at least outside the US. This funding to SMEs.

same

spurred financial institutions to further

legal changes. Incentives are also will be crucial to the availability of

of

the

requirements in jurisdictions like the

(located in the US, Europe, Japan The damage from COVID-19 to the real economy - and, by extension, the financial system - is only beginning to manifest itself in various ways. This damage will require deliberative activities to repair financial institution balance sheets and reputations.

and Southeast Asia) from their oftenoutsourced

banking

operations

(typically in India, Central and Eastern

Europe, and other low-cost regions or countries). Thus, nearly all international and many national institutions have

substantial operations in India, and To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

POLYMERS Communiqué l February - March 2021

A CUSTAGE I N I T I A T I V E

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31

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earnIng

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A MUST THRUST

Rajan Pental Senior Group President & Global Head - Retail Banking, YES Bank, Mumbai

“The financial sector needs to understand the current financial realities of Rural India and consider them as

an untapped credit market rather than high-risk, low-

quality credit assets,” elucidates Rajan Pental, in dialogue with POLYMERS Communiqué.

36

POLYMERS Communiqué l February - March 2021

Finance Must Support Flexibility, Scalability and Responsiveness for Global Opportunities and Challenges

Q. With so many public sector banks being consolidated /merged into larger entities, how does YES Bank make a position for itself?

Having rebuilt the trust of our stakeholders & customers, and demonstrating market share gains with digital capabilities, we can exhibit a sustainable performance in line with the strategic objectives we have delineated for ourselves.

Q. The change in the way people manage their accounts / money post COVID-19, your comments.

COVID-19 pandemic has literally changed our world in more ways than we could

imagine. It has impacted the way we think. The pandemic has brought significant impact in the way people look at managing their monies, like; NN

People have Started Buying Insurance (Life and Health) - Pandemic has made everyone think about their protection net. Millennials between the age group of 22 and 35 years have better assessment of their protection needs when it

comes to buying term covers which shields them adequately. As per data by

Policybazaar, there has been a 40% Y-o-Y increase in term insurance buying by the millennial generation.

NN

Buying Home Over Renting: Security associated with owning a physical asset

during a coronavirus-like crisis, coupled with rising aversion to high-risk investments, is giving rise to increased demand for residential real estate buying over renting.

NN

Contactless Payments: According to the National Payments Corporation of India data, UPI transactions grew to Rs. 2.21 billion in November, 2020 compared to

Rs. 1.22 billion in November, 2019 while the total transactions processed amounted to Rs. 3,90,999 crore from Rs. 1,89,229 crore 12 months back.

To know more, please subscribe to

Polymers Communiqué at subscriptions@polymerscommunique.com

POLYMERS Communiqué l February - March 2021

37

STEP AHEAD

“As regards priorities, this pandemic reiterated one basic principle, which all the finance

professionals know, but have probably forgotten that, ‘Cash is King’. We created different cash forecasting models with sensitivity analysis and we rigorously followed them. This helped immensely,” shares Ajay Wagle, in dialogue with POLYMERS Communiqué.

Ajay Wagle Director, Corporate Finance - Asia, Milliken Chemical & Textile (India) Co. Pvt. Ltd., Pune

Diversification is the Key for Corporate and Personal Financial Management Q. From the financial side, how has the organisation managed to counter the business setbacks posed during the pandemic and the strategy for business execution post the COVID era?

Milliken is a diversified group with over 150 years of global presence. 2020 was a bad year for most

of the businesses and we were no exception. During the last year, some of our businesses were

42

POLYMERS Communiqué l February - March 2021

adversely affected. This is where diversification

Asia is the growth engine and we have lot of

much better than many of our competitors.

grow in Asia, by setting up manufacturing

helped us. We performed reasonably well, probably

operations as well as joint ventures with right set

Q. The top four priorities, when it comes to corporate finance management for an organisation of your scale and diversity, would be...

of partners.

NN

Diversification of business (explained above).

NN

Cash is King - This pandemic reiterated one basic

NN

Q. Your personal opinion on the strategy best suitable when the bottom line is affected. Do you tighten the purse strings or take austerity measures?

principle, which all the finance professionals

I think it is a mix of both. First step would be to

‘Cash is King’. We created different cash

down the discretionary spends. However, I think,

and

a measured call on what might work the best, it

know, but have probably forgotten that,

tighten the purse strings for sure by cutting

forecasting models with sensitivity analysis

depending on the situation, on needs to take

helped immensely.

could be combination of both as well.

we

rigorously

followed

them.

This

Regular Communication With Customers - We have always had very efficient credit control

processes. We have built strong relationships with our customers over the years, which helped us sail through this pandemic. We

were in regular touch with our customers and

were continuously updating them about our business priorities and how we are committed to serve them. This helped us circulate our cash very well.

NN

aspirations from India. We have strong plans to

Transparent Communication With Employees -

An employee is the most important asset of the organisation. During the last one year,

we significantly increased our connect with

our employees and their families. We have been updating them about the company’s

performance and its vision, both short and long term, very regularly.

Q. Your take on circular business model and its impact on the revenue stream.

Circularity in business model is essential in

today’s world. It’s extremely important for each producer to employ resources in the most efficient

manner and help ever-increasing consumption demand of growing population in the world.

When a company adopts such a model, it has a

positive impact on its revenue in the long run.

Research

from

Accenture

has

predicted

USD 4.5 trillion new economic growth by 2030 just by adoption of circular business model.

Q. Please share with us about your investment plans in terms of large-scale projects in India / Asia.

Asia continues to be a focussed market for Milliken.

POLYMERS Communiqué l February - March 2021

Q. The role of financial prudence in the recent award bestowed on the organisation as one of The World’s Most Ethical Company.

Asia continues

to be a focussed

market for

Milliken. Asia

Milliken has been awarded as the ‘Most Ethical

is the growth

a proud moment for each of us within the

we have lot of

Company’ for consecutive 15th year. It is indeed

organisation,

responsibilities

but

on

it

us

also

as

puts

well.

many For

more

finance

professionals, it means financial discipline. It is

engine and

aspirations from

India. We have

not just how much and where to spend, but also

strong plans to

anyone spends in the organisation. Through various

by setting up

how, it is about financial propriety of every penny training courses and materials, we empower

our employees to take right decisions and make right choices, rather than trying to correct their inappropriate actions.

Q. Do your foresee M&As increasing within the Indian plastics industry?

grow in Asia,

manufacturing

operations as well

as joint ventures with right set of

partners.

M&A has been a long-time tactical move by the

industry and plastics industry is no exception to it.

In the recent past, we have seen a few M&A and

PE participation in the industry. Avient (ClariantPolyOne

Masterbatch

M&A),

Essel

Propack,

Manjushree Technopack are a few recent examples in the plastics industry. I feel this trend will continue and perhaps accelerate in the long run.

Q. Your thoughts on the recent Indian budget presented.

Budget 2021 was a promising budget in many To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

43

THE RIGHT FOOT

Will You Fit India’s Global Footprint?

Budget 2021, a Platform for Great Leap Forward The undercurrent, reading between the lines and

sensing the new direction in which the country is being steered are issues I shall attempt to take a deep dive into the presented budget.

T

oday, as we look back, Budget 2021

looks a distant past. Everyone knows what

FM

Nirmalaji

announced.

Discussions and debates have ensued. Individual proposals

have been dissected, pros and cons aired and everyone on the idiot

box have given ‘expert’ opinions. So, what more there is to write about?

The undercurrent, reading between the lines and sensing the new direction in

which the country is being steered are issues I shall attempt to take a deep dive into the presented budget.

New World Order First, the budget goes beyond mere economic management of affairs of the

country. It recognises its roles and responsibilities of being on the threshold of becoming a nation state that is ready to occupy a seat on the high table. India shall be the fastest growing economy in the world in 2021-22 (11.5% as per IMF and 12.6% as per OECD).

India will bring succor to millions in and out of the country through mature

management of its vaccine prowess (> 58 million doses sent to 71 countries and

counting). It will be a crucial catalyst in global power structure, most so in Asia-Pacific region (QUAD). The budget outlines a roadmap as to how India shall play its new role in the new world order, responsibly.

Shailesh Sheth Corporate Strategy Advisor, Management & Manufacturing Technology, Mumbai

46

Responsible Super Power The budget envisions India as a strong economic force, a responsible power broker in plurilateral world, a worthy Member of G10 (?) and a country that can contribute substantially in world affairs, be it related to health, energy,

food, water, environment et al, and of course, is also a muscular force to match.

Let us see how it attempts to do all of that.

POLYMERS Communiqué l February - March 2021

Decisive Move to Right of Centre

Coupled with vaccine diplomacy, COVID

of such reforms in next 2 budgets

acceptance of the fact that you have

become a subject matter of case studies

fast-forward mode.

can distribute it to alleviate poverty.

felt globally.

For the first time, there is an open

management by India will most likely

to

create So,

wealth

first

before

you

in national governance. A healing touch

goes

and

Sensitive Reforms

disinvestment privatisation

comes

in

(Target Rs. 1.75 lakh crore).

73 years since independence, certain

key reforms in our national policies were crying out loud to be implemented. look

Monetisation

pipeline

will

bring to productive use, dead

assets (worth Rs. 5 lakh crore). Overall capital expenditure shall constitute

at

Country

these

will

difficult

reforms and the die was

cast with implementation

of GST. A major step forward

is in permitting upto 74% (currently 49%) holding for

16% of total expenditure, leading to

foreign firms in insurance

investment-driven growth as compared

to consumption lead one. All of these will fork out the latent value that will provide platform for growth on a sustainable basis and build the

companies, transparency of

national accounting as all figures are fully disclosed in the budget, no more fudging, a fair share for

spine to carry the weight of an

states from tax collection

USD 5 trillion economy.

and 2

Healing Touch to a Scarred World

will

banks.

see

Rs. 12.95 lakh crore in

Bharat

Atmanirbhar

(Stimulus

Abhiyaan

several of the budgetary provisions.

Establishment

of

National

Research

Foundation with an outlay of Rs. 50,000 crore over 5 years, incentivising electric vehicle eco system, encouragement for new technology development in fields

of solar energy, rare earths, digitalisation of manufacturing and services and

measures to support start-ups will all go

a long way in creating an innovationdriven India enmeshed within the overall theme of ‘Atmanirbhar Bharat’.

Mending Broken Global Supply Chains A very serious attempt is also made to

We

chains from which it was isolated all parks, huge thrust on healthcare (budget

growing economy in the

Package

by RBI - a massive Rs.

innovation also becomes apparent in

India shall be the fastest

crore liquidity infusion of

That the government is incentivising

subscriptions@polymerscommunique.com

3.0), and 8.01 lakh

dose

Converting Island of Innovation into a Nation of Innovation

Polymers Communiqué at

Budget

totalling

a

To know more, please subscribe to

encompasses

packages

on

of Rs. 2.23 lakh crore), emphasis on value

even today reeling under the worst ever

announced stimulus

now

these years. Setting up of 7 mega textile

to scarred societies pan-India that are

p r e v i o u s l y

is

more

growth to provide ‘healing’ touch

2021

nation

support India’s entry into global supply

The second is to use economic

pandemic.

the

of

privatisation

PSU

as

20.97

lakh crore of steroidical

world in 2021-22

(11.5% as per IMF and 12.6% as per OECD).

push. Unemployment and

migration of workers, closure

of small and micro businesses,

disruption of supply chains were the

principal targets and the V-shaped

recovery from late Q3 (FY 21), shows that the steroids did save the patient.

POLYMERS Communiqué l February - March 2021

47

RESEARCH REPORT

Role of Finance in Business (RFB 2021): A POLYMERS Communiqué Survey Results Declared

From a biological perspective, finance is both ‘RBC’ and ‘WBC’ for an organisation; carrying oxygen (life) to every

operation in the company and helping fight diseases (overcoming obstacles)! POLYMERS Communiqué explores this new lifeline, sharing with the industry important facets of role of finance in business; thus, this survey. An objective achieved by POLYMERS Communiqué!

POLYMERS Communiqué in its customary elegance, went about to serve this industry amidst prevailing challenges. This is so because the readers of POLYMERS Communiqué are a genre of its own, and we believe they deserve quality and timely information; at a time, they need it the most.

Industry surveys from POLYMERS Communiqué are crafting a new

Survey Basics

Sample Size: 26

l

Format: Electronic

l

Response Tabulation: Singular

l

niche for itself and providing the readers a very valued insight

into this fiercely competitive market. The responses would serve as

a

general

guide;

you

would,

however,

need

to

evaluate,

validate and map responses for your business in specific. Have a safe read...

Collaterals are an issue The process is unfriendly

88.46%

53.85%

76.92% Interest rate is not acceptable

(Percentages total beyond 100 due to multiple choice answers)

Overall a poor product

42.31% The intent to lend to the polymer industry is low

23.08% 15.38% Required money is not available

The Big Borrowing Issues...

Very unanimous here; you ask us more to give less - ‘collaterals’ and the cost of the product itself - ‘rate of interest’ are

considered as big negatives to the way financial institutions work today. The exciting thing is that availability of funds is not an issue at all...the industry is willing to lap it up if the product is ‘served well’! The glands are well satiated and so there is enough saliva to digest the serving that is served in a friendly manner!

50

POLYMERS Communiqué l February - March 2021

One of the best

Commendable, looking at the prevailing circumstances

Just okay

Did not live up to expectations

I am disappointed

11.54%

15.38%

38.46%

7.69%

India Budget 2021...

Hot and cold! 50% gave a thumbs up and the others were not as positive.

26.93%

So, did it appeal to some sectors and not to the others? So, did it appeal to

some mindsets and not to the others?

So, was it better understood by some than the others? That requires a detailed understanding. There is a

beautifully written script by Shailesh

Sheth in this issue itself for a more

detailed run-down on India Budget 2021 on page 46.

Both

Capital Deployment...

This is the biggest question of this survey! The results were enthralling! Can you believe this...3 out of every 4 respondents had investments in ‘new projects’ as one of

the avenues for capital deployment. Isn’t it creditworthy that the business owners are very bullish about the

46.15%

23.08%

future and confident of their moves. Must say...hats off

to you all for such positive responses. Approaches such as these are industry defining and, at times, all that is

30.77%

required is ‘momentum’ to take things to the next level!

Extremely Easy

Expansions

New Projects Fairly Easy

Fairly Difficult

3.85% Availability of Finance for Business...

Phew! That’s a difficult one to answer; while 50% indicate that it’s easy to get finance for business, there are close to 50% who find it hard! For

46.15%

To know more, please subscribe to

Polymers Communiqué at subscriptions@polymerscommunique.com

50.00% POLYMERS Communiqué l February - March 2021

51

1

7 9 9

Ashok Domadia Managing Director, Fitwell Polytechnik Pvt. Ltd.

The 1997 look of Ashok, a first-generation entrepreneur, who started with a monthly salary of Rs. 1,800 is now set to cross the Rs. 50 crore mark in revenue with his manufacturing companies in metal and plastics; a true reflection of elegance and success.

Change being the only constant, we thought it

would be wonderful to capture this and freeze

‘time’. We associate with the ‘current look’ of

our industry colleagues and would it not be

exciting to know of their persona, decades

ago. That’s what we did, had them dig deep into their archives and share this just for your ‘read’... or should we say ‘see’!

1

A visual delight!

97

4

Kamlesh Shah Executive Director, Parixit Irrigation Ltd., (Formerly Emtelle India Ltd.)

Kamlesh has had some journey since 1974 when he worked as a clerk in a textile firm. Striving to make a mark, he embarked on doing his B. Com and LLB with his job. And is today Executive Director in Parixit Irrigation Ltd.; a memorable journey of 47 years!

56

POLYMERS Communiqué l February - March 2021

1

97

7

L. K. Singh Managing Director, Fixopan Technology Pvt Ltd., New Delhi

1

The retro picture of LK (as the industry fondly calls him) is of late seventies when he was connected with uPVC profile manufacturing in Delhi; today he has ‘rotated’ the world over with his technology.

7 8 9

Rakesh Jain Technical Director, Sparsh Polychem Pvt. Ltd.

1

Rakesh’s infectious smile carries on since 1987 when he started work with his father in plastics recycling. Today he owns a firm and is in the business of engineering plastic compounds.

5 9 9

Jitender Kumar Aggarwal Managing Director, Teknobyte India Pvt. Ltd.

Making cold rolled strips then (1995) to manufacturing PET preform, bottles, jars and caps today, plastics seems the way for Jitender who has made a significant mark in the packaging sector.

POLYMERS Communiqué l February - March 2021

57

BEYOND BOUNDARIES

Q. Experience is a big teacher. Please share with us some of your learnings from your 5-decade journey and rich legacy.

There are many learnings, but ‘Change is only constant’ is the best learning experience what I can say. If you do

not change with time and market, you are lost. Every day you face a new challenge, new competition, new product range and you just can’t wait, you have to be proactive and respond accordingly.

Q. With the initial start from manufacturing of pipes and conduits to diversification into agriculture, household and electrical segment, what prompted the move?

In 1968, my grandfather first started with the foundry unit where we made agriculture related equipment. Later

in 1996, looking at the demand of agri pipes in the same market, we decided to start with that product and here we

diversified into the plastics division. With time, we realised that the economy was rapidly growing and being an agricultural nation, we could see huge potential and hence we kept on adding new products that catered to farmers’ needs. Further looking at the growth in construction industry,

we added plumbing pipes to our product range. During the year 2000, it was very exciting to see plastic household products, which are almost unbreakable, and hence prompted us to diversify into our third vertical which consists

Tremendous Opportunities for India and Her Products

of household range and we named it as ‘Paras Miracle’. We keep adding new products like blow moulded water tanks,

drip irrigation system, garden hose and so on to our basket, which we supplied through our distribution channel.

Q. Having manufactured the entire range of products from pipes, conduits, tanks, household articles, which do you consider the most versatile material for you and why?

I feel PVC is most versatile material where its application

is not restricted to one industry. It has very wide area

of application which goes from pipes and fittings to calendaring, packaging, profile windows to even fashion industry and so many more.

Q. Which is the material of the future to be looked upon for your product applications?

“A lot of items which we first imported,

now we have started producing in-house

under the ‘Make in India’ mission. ‘Made in India’ products have comparatively much more positive impact than before. Global markets are still untapped and there is

tremendous potential for India in exports,” believes Ronak Bothra, in dialogue with POLYMERS Communiqué.

PP can be considered as the material of future for us, where we see lot of potential in household applications. A big chunk of it is still imported from neighbouring countries

due to innovation and low cost, leaving a huge scope in our hands to increase market share.

Q. Your take on vocal for local and being Atmanirbhar?

This pandemic has taken a lot of things from us, but in

58

POLYMERS Communiqué l February - March 2021

return has also taught us some very important lessons. Vocal for local is one

of those. The world has understood the capability of India in manufacturing industry. In span of just 1 year, we Ronak Bothra Director, Paras Group of Companies, Ahmednagar

have seen thousands of industries flourishing with new products. Existing

industries have adapted new working patterns with changing times and so

many entered into producing essential goods for COVID. A lot of items which we first imported, now we have started producing in-house under the ‘Make in

India’ mission. ‘Made in India’ products have comparatively much more positive

impact than before. Global markets are still untapped and there is tremendous

potential for India in exports. This way business can also contribute in strengthening our economy. One of

the industries where we largely depend on imports is metallurgy. If we have

mastery in metallurgy industry, our

imports will definitely be far less than what it is today.

Q. Having been in the pipes industry for this long, your thoughts on venturing into the allied industry of fittings, ancillaries, doors, partitions etc.

Though the manufacturing process for

making doors and partitions is kind of similar, but the market is different. You need to have different channels and sales force for the same. So, there are

no immediate plans in entering into the doors and partition industry.

Q. Please share your take on the use of PCR in production and its implementation in your industry?

There is the concept of virgin plastic in our society. To use PCR in our industry, we

first

need

better

technological

advancement through R&D where we can make use of PCR in this application

without compromising on the quality of To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

POLYMERS Communiqué l February - March 2021

59

SIVARAM SPEAKS

Upcycling Polyolefin

The Emerging Science The challenge is to move from well-defined wastes used in proof-of-concept experiments to real world waste

streams. Early results indicate that much new knowledge

awaits discovery for the deconstruction of polymers using innovative heterogeneous catalysis.

Dr. S. Sivaram Former Director, CSIR-NCL Honorary Professor and INSA Senior Scientist, Indian Institute of Science Education and Research (IISER), Pune

62

M

echanical recycling of polyolefin often results in degradation of the properties of the virgin resin resulting in value destruction of the

polyolefin. Such recycled polymers, called ‘down cycled’ polymers

find applications in low value products. This is one of the primary reasons

why recycling does not offer an acceptable value proposition to producers of virgin resins. Consequently, recycling is not considered a worthy business for large companies to invest in and is practiced predominantly in the smaller,

POLYMERS Communiqué l February - March 2021

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fragmented and unorganised sectors of the industry

A catalytic system consisting of amine functional

needed to generate high quality recyclates.

been shown to convert HDPE / LLDPE to narrow

who do not use the best practices for recycling This situation is not desirable and will make any lofty claims of moving towards a circular economy

unviable in practice. The economic value of the recycled plastics or products derived from waste or used polymers has to be substantially increased if a truly circular economy has to take roots.

porous silica and 3-nm platinum nanoparticles has

carbon-distribution alkanes (C9 to C30) in the diesel

and lubricant range with yields peaking in the C16

to C22 range of carbon atoms [3]. It is proposed that

the polymer threads into the pores of the catalyst and binds to its surface. Platinum particles located at the closed end of the pore, clip away short chains, releasing the low molecular weight fragments from

One of the ways to mitigate this problem is to seek avenues where recycling leads to value accretion

to the waste polymers. Such processes are called ‘upcycling’ meaning that the value of the products derived from such recycling processes have higher value than the original polymer. Such solutions

the catalytic site. The polymer then further threads into the pore to repeat the fragmentation process.

HDPE with a weight average molecular weight of

25,000 - 30,000 was converted to hydrocarbons in greater than 98% conversion at 300° C under a hydrogen pressure of 20 bars.

could provide an incentive for investments in

Both the above examples are proof of

commensurate with the volumes of waste polymers

converted to high quality paraffins in the

upcycling and lead to building scales of operations generated in the economy. These processes are broadly called ‘chemical recycling’ and are

attracting the attention of both, scientists in academia and industry [1]. Many such ideas are at an early stage of evolution and evaluation.

For example, a paper by Delferro, Sadow and

coworkers has demonstrated that PE (LLD and HD) can be converted to saturated hydrocarbons with

molecular weights in the range of about 1,000 with narrow molecular weight distribution using a

catalytic hydrogenolysis process [2]. These products

are useful as feedstocks for high quality lubricants waxes.

The

process

uses

a

platinum

nanoparticle catalyst supported on SrTiO3 support

for converting PEs in the molecular weight range

of 8,000 to 1,60,000 at 300° C and about 12 bars hydrogen pressure to liquid products in the

molecular weight range of 600 to 1,200 depending on the reaction conditions. The products are entirely

saturated hydrocarbons. One of the interesting facets of this reaction is that the products have very

narrow distribution of molecular weights (dispersity of 1.1 - 1.3). For liquid oligomers, such narrow dispersity offers several property advantages in applications. Conventional pyrolysis processes for

polyolefin produces substantial amount of light

hydrocarbons, normal-, iso- and cyclo-paraffins, mixture of internal and α-olefins, aromatics and

heavy residues. Mixtures of this type find little useful applications, except as fuels.

POLYMERS Communiqué l February - March 2021

carbon range suitable for uses in diverse

converted to high

quality paraffins

applications such as diesel, aviation fuel and

in the carbon

lubricant waxes. They can also be used as

range suitable for

feedstocks for making linear alkyl benzenes.

uses in diverse

Tandem catalytic conversion by platinum

applications such

supported on gamma-alumina has been

Practical Insights

and

PEs can be

concept demonstration that PEs can be

as diesel, aviation

shown to convert various polyethylene grades in high yields (up to 80 weight per

fuel and lubricant

cent) to low molecular-weight liquid /

waxes. They can

wax products, in the absence of added solvent or molecular hydrogen, with little

also be used as

components produced in 80% yield are

making linear alkyl

production of light gases [3]. The major valuable long-chain alkyl aromatics and

feedstocks for

benzenes.

alkyl naphthenes (average ~C30, dispersity

Ð = 1.1). Coupling exothermic hydrogenolysis with

overall

endothermic

accessible

aromatisation

transformation

temperature

despite of

the

280° C.

renders

the

thermodynamically

moderate

The

reaction

depolymerisation

is proposed to occur via a hydrogenolysisaromatisation process. Hydrogen formed during

aromatisation process promotes the hydrogenolysis of polymer chains. This process was applied to an LDPE plastic carry-bag and HDPE bottle closures

with efficiencies of conversion ranging between 50 to 70%.

To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

63

IML EDGE

IML

An Effective Packaging Technology for Circular Economy

Prashant G. Mandewal Managing Director, 2M Business Solutions; and Business Consultant to Mitsubishi Chemical India Pvt. Ltd., YUPO Corporation, Japan; Mumbai

Q. The best perceived advantages of IML over the conventional post mould labelling?

“IML projects are capable of benefitting all stakeholders, including the industry and

nature,” believes Prashant G. Mandewal, in dialogue with POLYMERS Communiqué.

According to me, the key benefits of IML are as below: NN

Cost-effective and greener technology.

NN

Reduced container weight.

NN

Eco-friendly.

NN

100% recyclable.

NN

A road block for counterfeiting.

NN

Quality labelling with high precision accuracy.

NN

Good appearance in harsh weather conditions.

66

POLYMERS Communiqué l February - March 2021

NN

One step decoration - Ready to dispatch immediately, saves time, energy and inventory.

Yes, IML is a very effective packaging technology for circular economy. IML containers can be recycled with the label multiple number of times.

Q. IML has been very prominent and progressed well in the overseas market. Your Q. Your take on vocal for local and being Atmanirbhar and how this would opinion on how to further its benefit the plastics success in India...

Now robotic arms industry?

The future of IML in India is bright, the rise will be

high as India has cleared all

are

bottlenecks.

good

robotic

There arm

manufacturers in India. So

much so, that the cost of the robotic arm made in

and IML compatible moulding machines are being manufactured in India. The robotic arms are being

exported even to the USA, Europe and some African countries. These arms are almost 30 - 40% cheaper as

India is cheaper than China.

compared to China.

Even today some printers

are exporting IML labels to the overseas markets.

I see that we have very good potential in the domestic as well as export market.

Q. IML, a boon or bane for sustainability and circular economy, your views on the same.

POLYMERS Communiqué l February - March 2021

As

mentioned

above,

now robotic arms and

IML compatible moulding machines

are

manufactured

in

good

and

being India.

These machines are of at

The

a

quality

reasonable

robotic

arms

sold

price. are

being exported even to the USA, Europe and

some African countries. These arms are almost To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

67

COLOUR-N-YOU

Digital Colour Management

to have Significant Impact on Business Operations and Profits Q. Colour management is a science in itself, a very critical and essential parameter across the plastics industry; please comment on the critical applications and key metrics that are salient to various verticals in this industry.

Plastic - a shortened form of the word thermoplastic, meaning

polymeric materials that can be shaped and reshaped using

heat - is one of the most ubiquitous objects of modern life.

Just about everything we touch has plastic in it, from water

bottles and cell phones to clothing and furniture. We find plastic

in our computers, our plumbing pipes and our children’s toys.

Even everyday items that do not contain plastic, like stainless

steel, glass or wood, are typically encased (and often shipped) in

plastic packaging.

The critical applications in colour matching in the plastics industry involves translucent matching at optimum loading, how to tackle filler content and how to control the different parameters at various

production stages. The plastics colour matching falls under

Subhash Naik Sales Manager - PCS - ISC, Datacolor Solutions Pvt. Ltd., Mumbai

“Plastics suppliers and manufacturers who adapt their supply chains to meet

today’s need for digital colour management will decrease costs, increase speed and efficiency, ensure quality and reduce environmental waste,” highlights Subhash Naik, in dialogue with POLYMERS Communiqué.

68

POLYMERS Communiqué l February - March 2021

two-constant theory (absorption and

specific plastic, whether the pigment

nature of substrates, various processes,

or light-fast. Another game-changer,

scattering parameters) and due to the changes in raw materials, it is always a grey area for colour management.

Q. How does one ensure colour accuracy / management when the same job is across various production lines at different sites?

Colour

management

production

lines

at

across

various

different

sites

can be achieved using various colour management tools like high quality spectrophotometer

and

applications

software. High quality spectro means with

highest

repeatability

and

resolution, better

IIA

best

(Inter

Instrument Agreement). The application software

involves

better

algorithm

for translucent matching. With these features, you can achieve the desired level of colour matching. We also

suggest having combination of desktop and portable colour matching systems at

different

sites

production downtime.

to

reduce

the

A suite of Datacolor solutions can address

the

unique

constraints

of

evaluating colour on plastics remotely.

Given that we all see colour differently, a spectrophotometer is a must-have tool

for streamlining decisions about colour and facilitating greater transparency

across the supply chain. Two products in

particular,

the

Datacolor

45G

and the Datacolor Check 3, put the spectrophotometer right in the decision-

maker’s hand - literally. Remote workers can use these portable devices to make critical colour decisions from home.

Our eye perceives colour differently

on glossy surfaces; both of these instruments ‘Gloss

are

equipped

Compensation’

with

technology

which measures specular reflection, calibrates the data and adjusts the colour formula to account for surface

sheen. Meanwhile, our ‘Match Pigment’ software helps users create a colour

recipe that suits the requirements of the

POLYMERS Communiqué l February - March 2021

needs to be weather-resistant, food safe the ‘Gamut Mapping’, reduces the time-

consuming, trial-and-error process of running multiple formula combinations by alerting the user in advance as to

which colourants are unable to match the desired target. All these software

solutions can be accessed in real-time from anywhere in the world, facilitating quick and accurate decisions virtually.

Q. Experience in the industry of skilled manpower (knowledge assets) versus the use of technology in colour management, your comments.

Colour matching for plastics industry

requires both, skilled manpower as

well as advanced technology. There is always a difference between what is the output of colour management system

and actual colour on the product, and one should use experience to use the

system in right ways to get maximum

output. For example, in masterbatch applications, there is always a challenge to match the colour when a filler is involved.

The important part is one should understand

the

difference

or cause variations typically in masterbatches and resins when used by plastics processors?

There are various factors affecting colour matching in the plastics industry. Starting

from resins, the incoming pigment control followed by lab or production process. Pigment dispersion as well as

repeatability

and

reproducibility

of same colour is the key one should concentrate on to have high accuracy in colour matching.

Whether the product of a supply chain

is resins or pellets - the building blocks

of nearly everything made of plastic or a multi-component consumer good found on retail shelves, the colour

process is anything but simple for the plastics industry. The sheer variation

across plastic materials is head-spinning: opaque, transparent, matte, high gloss,

metallic, pearlescent and so on. Each has an impact on how a colourant

can be applied and how it looks in the real world. What’s more, many plastics must coordinate colour with disparate materials, like textiles or leather, to create a cohesive palette (Think of the

dashboard of your car or the interior of an airplane.).

between

Adding to this complexity, is the need to

measured by an instrument. This is called

and cost-effectively, even when suppliers

human perception of colour and colour appearance management. In Datacolor

system, we have implemented this technique so that the colour measured

by the system would look the same as perceived by the human eye. In the appearance management system, we take care of the background effect due

to substrate variations and, using true colour technology, try to reproduce

the same colour as if appears on a similar substrate.

Colour matching in plastics is not plug and play, but needs in-depth knowledge of

applications,

control

on

various

processes and raw material changes.

Q. Please share your views on conditions that affect colour

make accurate colour decisions quickly and manufacturers are stationed half

a world apart. Or in today’s climate, when workers are conducting business

remotely from home offices scattered across the globe.

Q. Change is the only constant and the digital transition is on a high with the advent of 5G. How does colour management by Datacolor synergise with AI, cloud computing and IoT to benefit from the use of these IT vehicles in colour management?

To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

69

SHOWCASE

Knowledge and Sustainability to Take Centre Stage at

PVI 2023, Mumbai A

t the outset, kudos to the resilience of the Indian plastics industry. Kudos to the spirit of entrepreneurship that this industry boasts of.

Saluting their fight against COVID-19, Plastivision recognises this in a very special way. Plastivision exhibitors and AIPMA members ‘are special’, and so can now

avail of complimentary vaccination, that too ‘prioritised’ - a big initiative by

2023

Projections

PVI and AIPMA, stretching possibilities to the hilt...very much like the wonder material - plastics.

Now to the Event - PVI 2023!

Plastivision exhibitions is all about prosperity...rightly so, with the theme being

‘Business ka Booster’! The industry eyes light up with the business opportunities the event promises and delivers. Business to the tune of Rs. 3,000 crore

was transacted at PLASTIVISION INDIA (PVI) 2020; a dazzling performance with 1,483 exhibitors, spread over 1,05,000 sq. mts.

1500+ EXHIBITORS 2,50,000+ BUSINESS VISITORS 1,25,000SQ MTR EXHIBIT AREA 30+ PARTICIPATING COUNTRIES

and 2,29,000 visitors. It is, today, an event which is growing in dominance in the global circles. The

edition had global exhibitors covering over 6,000 sq. mts. of space; highest ever for PVI. At

PVI, it’s all about the impact that you create. So much so, that even

Kailash B. Murarka Chairman - National Executive Committee, PLASTIVISION INDIA 2023

72

POLYMERS Communiqué l February - March 2021

An attribute associated with the brand

‘PVI’ is ‘value for money’. PVI 2023 will be still bigger and grander!

the pre-event promo film that was created was of a different genre that left a lasting impression.

“AIPMA, true to its spirit of serving the plastics

industry of India during the economy downturn and backlash on the environmental front, with

superlative efforts of honorary members, has paid

off

very

successfully

with

PVI

2020.

Those who missed the event, infact provided opportunities to others who participated in a

big way. What was promised, was delivered.

It was a perfectionist team led by Kailashbhai,

“I am delighted that with

PVI 2020, we could live up to the

expectations of the industry. I am also delighted that Team PVI delivered and

deserved

this

stupendous

success. I take the success of PVI 2020 as the success of the industry.

Raju Desai with support of office bearers, GC

and the qualified office staff made it happen in the best possible way,” highlights Arvind Mehta, Chairman - Governing Council, AIPMA.

“The success of PVI 2020 is a result of collective efforts of dedicated members of AIPMA, the oldest plastics association and its thousands of

well-wishers spread across India and abroad. I

am delighted that each PVI edition surpasses its previous records, making it a ‘must-attend’

plastics event globally and bringing its USP at par

The exhibition has set the tone for growth

Kailash B. Murarka, Chairman - National Executive

that could bring more positivity to the

with top international exhibition brands,” opines Committee, PLASTIVISION INDIA 2020.

A survey conducted by AIPMA after the last show

clearly indicates a very high satisfaction index of

and I am sure will be one of the parameters

business sentiment in the plastics industry,”

highlights Dr. Raju Desai, Chairman - National Advisory Board, PLASTIVISION INDIA 2020.

past participants (exhibitors / visitors). Team PVI,

An

such is the design visualised for PVI 2023 - still

by the fact that a large number of past

is confident that they will never let them down;

bigger and grander! The advantage of Mumbai at a destination is evident as West India continues to be a significant belt of plastics processing.

POLYMERS Communiqué l February - March 2021

attribute

associated

with

the

brand

‘PVI’ is ‘value for money’. This is well endorsed exhibitors

have

already

confirmed

their

participation again for the upcoming PVI 2023!

Make sure that you are a part of this.

73

ALL-AROUND APPROACH

Ensuring Sustainable Future for Generations

“We are all stakeholders in global sustainability, and

every industry has a vital role to play. Sustainability is at

the core of Davis-Standard’s

innovation to promote waste reduction, energy efficiency, lower emissions and bio-based materials

that foster a circular

economy,” explains Sekaran

Murugaiah, in dialogue with POLYMERS Communiqué.

Sekaran Murugaiah Vice President Business Development Asia Pacific, Davis-Standard, LLC, Malaysia

74

POLYMERS Communiqué l February - March 2021

Q. What is the sentiment of your organisation in the prevailing times and the recovery typically in the Asian market?

During these uncertain times, we believe forecasting the recovery outlook for any market

is speculative and not useful. However, our customers are always innovating, so we remain optimistic and will continue to work hard to address their needs.

Q. Apart from the medical and the packaging industries, which other verticals are to be the thrust areas for Davis-Standard?

Davis-Standard serves a wide spectrum of industry verticals. We are involved with supporting building / construction, consumer products, automotive, medical and packaging industries. We are also involved with electronic applications, such as BOPP film for capacitors that store energy.

Q. Overall, how do you see the role of aftermarket upgrades in the prevailing business environment?

Davis-Standard is well-placed to provide upgrade solutions with our dedicated and experienced global team. The

majority of this growth came from upgrade services.

Upgrades are playing a more important role as customers

look to improve processing in an economical way. For

some of our new customers who do not have the budget

We see power grid innovation as the largest potential market for imported extrusion technology. We also see an increased need for extrahigh-voltage, high-quality submarine cable.

to purchase an entirely new Davis-Standard line, they can

upgrade their existing equipment whether it be Davis-Standard or another brand.

Q. Share an example on how ‘smart’ can solutions of today get?

To know more, please subscribe to

Polymers Communiqué at subscriptions@polymerscommunique.com

POLYMERS Communiqué l February - March 2021

75

MISSING LINK

The Fall Guy Named

‘Plastics’

Numerous studies have demonstrated that environmental footprints of plastic products are

lower as compared to alternatives - be it made of metal, glass, paper or cotton. Meta-analysis of plastic bags, beverage bottles and disposable cutleries conducted by United Nations

Environment Program (UNEP) underscores this. In all these reports, littering is highlighted as a major consideration for any regulatory initiative.

I

n August 2015, marine conservation biologist,

Christine

Figgener

spotted a sea turtle with something

protruding from its nostril. The team sensed the discomfort of the hapless

creature and managed to extract the

offending object. It turned out to be

aquatic species, eventually lead them to

was captured on video and posted in

While Dr. Figgener admitted that plastic

a plastic straw. The entire episode

social media. It catapulted her to the status of a celebrity and hurtled plastic

straw in the centerstage of debate on

plastic pollution. The turtle swam back to S. K. Ray Hon. Secretary & Member of Executive Committee, Indian Centre for Plastics in the Environment (ICPE), Mumbai

78

safety (!) and probably forgotten, but the plastic straw continues to be in the

limelight in public debate on pollution.

So do plastic bags, allegedly mistaken as jelly fish by marine predators, and

fishing nets entangling fish and other

their death?

straw accounts for a minuscule part of marine litter, the video amplified the

narrative and created an unprecedented backlash against plastic straw. A highly otherwise credible media even reported

of an average of 500 million straws To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

POLYMERS Communiqué l February - March 2021

ADVERTORIAL

Sponsored by

Q. Constantia has been a market leader in its field and is known for investing in the best in class when it comes to technology; what are your thoughts regarding this statement.

Let me take a step back referring to the time when we

were ‘Creative’. We were always known to take a measured

approach to things - What is absolutely required, is what

should be bought.

During the process of the takeover of Creative by Constantia,

there

was

a

team

of

delegates

from

overseas who were evaluating / assessing the takeover.

By then, we had placed an order of a fully loaded

Srikanta Khatua Head of Operation ‘Creative Sub-Cluster’, Constantia Flexibles - India, Aparna Paper Processing Industry (P) Ltd., Puducherry

80

POLYMERS Communiqué l February - March 2021

Constantia India Acquires the Rajoo 5-Layer POD Blown Film Line for an Edge in Business “As regards the POD blown film line, one aspect

will say it all...to me, the equipment performance is endorsed by the product it produces; we have

compared the sample films from the market with our product, and it is clearly superior,” shares a delighted Srikanta Khatua, in dialogue

with POLYMERS Communiqué.

POLYMERS Communiqué l February - March 2021

81

three-layer line with Rajoo for our Puducherry

few rounds of discussions and agreements, Rajoo

takeover happened. The machine was installed

supplier, although we were MNCs!

plant; the machine was delivered after the

and it performed extremely well. In fact, we

was the unanimous choice to be our preferred

pushed the machine to produce 650 kgs per

Q. How important is a 5-layer POD blown film for your business today?

plate

clearly

A 5-layer POD blown film is very useful in current

working

POD blown film gives the business a competitive

also experienced Rajoo in context to its supply,

a lesser price. This is due to the technological

say, we were extremely satisfied.

satisfaction due to the high quality of the product

hour, which was 100 kgs more than the namecapacity.

The

Constantia

team

understood the Creative way of working and

times. The market is very competitive, and a 5-layer

of the Indian OEM. During the last years, we have

edge i.e., an ability to supply a stronger film at

service and support at the Puducherry plant. I must

difference. The end result being higher customer

appreciated

the

technology

and

When it came to placing an order for a 5-layer POD blown film line for the Kolkata plant, there were options of global players who have supplied equipment in the past, wherein their

prices were high, but the output was similar as

compared to the Indian equipment suppliers. We decided to look at Indian manufacturers. On the

same criteria, we then invited quotes from Indian OEMs for the 5-layer POD blown film line. We

instated a total evaluation in terms of technical,

commercial and service support by a four-member team, of which I was a part. Even a survey was conducted by the team covering all the suppliers

for their equipment pan-India and the data was evaluated.

at an aggressive price. In Puducherry, we have a

3-layer machine to produce lamination grade film; but now, we would use the 5-layer POD blown film line to deliver this product.

Q. You have been using blown film lines from globally acclaimed suppliers. How do you see Indian manufacturers?

There are a couple of attributes that are looked

at whilst making a decision for an OEM supplier

i.e. price, quality, service and availability. To give you a flavour as to how Indian OEM equipment

suppliers compare to global standards is that after

our

satisfying

experience

with

Rajoo,

products

made

Constantia India considers Rajoo as its preferred supplier.

We

are

supplying

After a complete evaluation of all the data that

on Indian machines that are matching global

requirement that the equipment needs to be close

demands of Indian customers these days are

fulfilling quality requirements as indicated, with

supply quality laminate products to domestic and

and energy consumption, while adhering to

Further, if we have to compare the quality, material

we had gathered, we were clear about our

standards. I must also add here that even

to European standards, fitting within our budget,

very stringent. From our Kolkata operations, we

strict performance criterion, both in terms of output

overseas markets.

mandated safety norms. After a

and precision of the equipment from Europe versus India, the Europeans may be superior, but

A 5-layer POD blown film is very useful in current times. The market is very competitive, and a 5-layer POD blown film gives the business a competitive edge i.e., an ability to supply a stronger film at a lesser price.

so is the price which is quite the decider. The

buyer also needs to understand whether

such high-end specifications are essential

or desirable, and its impact on the end

product quality; consistency definitely is an

important parameter that is always considered.

Another crucial aspect that needs to be considered when it comes to after-sales support is the response to emergencies, costs

of spares and services.

On the broader side, I surely feel that machines

from India do have the ability to meaningfully

compete in the global arena.

82

POLYMERS Communiqué l February - March 2021

Q. As regards the Rajoo equipment, in your evaluation, what are the key attributes that you considered while making the purchase?

Specifically, as regards the 5-layer POD blown film line from Rajoo, what was the reason of this choice?

The food segment is the most booming sector as of now. I am pleased to inform you that it’s

just months that we commissioned this machine, and, today, we are running at full capacity with no space;

the

produce

As a company, Rajoo are pioneers in the film

from

this

machine

expertise and skill to value-add in this industry.

out!

For

records,

Inhouse manufacturing of critical units, besides

commissioned

extrusion industry. Rajoo has amassed enough

all mechanical parts, is a significant attribute for ‘quality machines’. This I see as an area of immense strength for Rajoo and a big comfort

for their customers. Coupled to this, is the inhouse availability of spares that furthers the customer comfort.

An attitude that deserves a mention here is the approach and ability of the top and middle management of Rajoo. They all seem to have

dedicated their lives to the business of extrusion and are very devoted to this business; this makes them stand apart in their field with their years of

is

this

completely

sold

machine

was

October,

2020

On the broader side, I surely feel that machines from

India do have the ability to

in

meaningfully compete in

and

the global arena.

right from Day 1, I do not

remember

that

there was a trial run...

it has been running to full

capacity. That speaks volumes for

the product and the company behind it.

Q. Any specific challenges you faced while buying the machine in these unprecedented pandemic times?

Taking you through the journey a little bit,

commitment to the industry.

the decision of placing an order of procurement

As regards the POD blown film line, one aspect

taken during pre-COVID times. I must credit

will say it all...to me, the equipment performance

is endorsed by the product it produces; we have compared the sample films from the market with our product, and it is clearly superior. We had received a commitment that the supplied 5-layer

POD blown film line shall produce a film with a thickness of 25 microns. We have pushed it to below 20 microns and that too on a 5-layer POD film structure and it is running absolutely well,

of the Rajoo 5-layer POD blown film line was

Rajoo here who handled the very demanding activities factory,

like

building,

packaging,

virtual

dispatch,

testing

transport

at

and

commissioning, all done during the prevalent unprecedented pandemic times. I can certainly

say that at Constantia, if we were stretched

25%, Rajoo were stretched 75% to make this project happen!

that’s some engineering.

The Rajoo team has been excellent in their

To top it all, is the energy consumption of this

in the prevailing times of so much uncertainty,

production line is 20% lesser than comparative

European machines; a higher output, as mentioned earlier, only makes the deal sweeter.

Q. What application categories do you wish to address with this machine?

This Rajoo equipment would immensely help us

commitment to deliver. Can you believe it, that

such a big project was delayed by just 3 weeks;

a very commendable feat. In retrospect, the Rajoo planning to procure the most critical components, air-freighting the imported parts

and having it in their facility just before the lockdown proved to be the game-changer.

with our R&D to develop more products that would

What followed then was a determined team effort.

during transit and, thus, offer the products a better

followed by both the parties in terms of hygiene,

be used to strengthen the product packaging shelf-life. Furthermore, the customer gets a comfort level when they know that they have a 5-layer blown film plant to deliver products, as the product quality and strength is assured.

POLYMERS Communiqué l February - March 2021

As regards commissioning, all the protocols were sanitisation and enough care about other health

hazards to ensure that commissioning of the machine went off smoothly. As we look back, I must applaud every member of the team.

83

GEN NEXT

Succession Planning

The Key to Sustained Success of Businesses Organisations must prepare to meet the challenges of change of guard early enough. The best practice would be to continuously keep developing people who may succeed the management as well as their supervisors and bosses at all levels.

The Need Other than the businesses owned and run by the governments, almost all businesses are started by one individual,

or a few individuals who come together for it. These businesses are generally

inherited by the descendants of the individual or partners until they can

In all cases, the stakeholders want

it is a more difficult task. However, in the

continue in good health. It is imperative

it

to make the businesses survive and that for the longevity of a business and

its continued growth, there should be people ready to take over from retiring

or otherwise displaced management.

This requires ‘succession planning’.

family owned / managed organisations, is

mostly

understood

that

the

succession will pass to the heirs of those who are departing. Succession battle still rage through the families and from dinner tables to boardrooms.

This inevitably damages or destroys

the businesses if not resolved quickly

no longer manage them. At that point,

As

or acquired by some of the partners

and developing leaders who can take on

A well laid out succession plan offers

when the earlier leaders depart or die.

look

either the businesses fail, get sold off buying out the rest of them.

the

name

implies,

‘succession

planning’ is the process of identifying

the mantle of running an organisation Organisations must prepare to meet

the challenges of change of guard early enough. In the government and public Rakesh Shah RS Coaching and Consulting, New Delhi

84

sector, succession is managed easily as there is no personal ownership involved and there is a parge talent pool always available to them. In private enterprises,

enough and to everyone’s agreement. business at

owners

their

the

possibility

imperatives,

to

business

restructuring, and power and asset sharing options among the successors.

Planning

requires

identification

of

the people most suited to fill the

positions that would need to be filled

at the leadership level, from among the available talent pool as far as possible,

POLYMERS Communiqué l February - March 2021

Identify the Positions

Evaluate the current and future needs

Monitor, Guide, Control

and a view to ensure perpetuity of the business. For this, several steps need to be taken. Succession planning, therefore, involves development of the prospective successor through coaching

Identify Several Best Suited successors

Execute the Transition

and mentoring to prepare them to

take key management responsibilities.

Succession planning can help companies retain top performing talent and help

companies avoid losses or failure when the erstwhile managements change.

Cross Function Rotation

This is, however, not a very easy task

Have a Plan Ready

to put a good strategy in place. The

main issue is that the companies have

to plan in advance for positions that Provide Coaching and Mentoring

will fall vacant at some future dates.

Evaluate Competency Gaps

The owner-driven companies have the additional risk that many owners have

too much involvement in the day-today business and all key decisions, and

Roadmap to succession planning.

and developing them for the role.

Outsiders may also be recruited, but it is

generally accepted that for succession, the business does better by finding talent internally.

Succession

consideration

plans

the

must

needs

take

into

of

the

company, interest of the stakeholders

textile packaging l recycling

POLYMERS Communiqué l February - March 2021

begin to believe that they alone know

The Way Forward

l

To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

Let our experience work for you!

87

POLYTHINKING

Whether we like it or not,

chemicals are here to stay to take care of our ever-

growing population and its necessities like food, feed, drugs, shelter, transport,

communications and luxury.

So why not make chemicals inherently safer to be produced by

benign processes?

Designing Safer Chemicals Part II: Green Chemistry and Fundamental Principles in Design

Prof. (Dr.) G. D. Yadav

Emeritus Professor of Eminence, and J. C. Bose National Fellow (GoI) Former Vice Chancellor & R.T. Mody Distinguished Professor, and Tata Chemicals Darbari Seth Distinguished Professor of Leadership & Innovation, Institute of Chemical Technology, Mumbai

88

Why Green Chemistry?

The agro, dyestuff, pharma and other speciality chemicals manufacture not only produces a lot of waste reducing the atom economy, but also

the toxicology of these chemicals is a cause of concern. Plastics have become a bad name and we are talking about biodegradability. The

fundamental analysis of toxicology of the molecule will be helpful in creating totally benign alternate molecules which are as efficacious as

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their original function. Then we can also

superimpose

biodegradability.

Design of safer chemicals invokes the use

of

molecular

structural

design

and consideration of the principles of toxicity and mechanism of action to minimise the intrinsic toxicity of the product while maintaining its efficacy of function.

Varied professionals including chemists, chemical

engineers,

biotechnologists

and material scientists are engaged

in developing green, clean and smart technologies. It would not be perhaps

a coincidence that green chemistry hinges on a dozen clean principles.

One is tempted to draw parallels

between the ‘Clean Dozen’ against the

off-beat

movie

‘Dirty

Dozen’;

but in reality, the dirty dozen are agrochemicals

containing

chlorine.

Chlorine is also an important part of PVC industry.

Waste

minimisation,

pivotal

theme

material since

or

energy

totally

in

or

whether both,

green

waste-free

of

is

a

chemistry

processes

may not be realised in practice. Typical waste

reduction

strategies

involve

the end of pipe solutions to treat

waste. It makes sense to reduce waste at

the

source

rather

than

using

expensive post-treatment technologies.

Thus, any modification of a given process or development of a new

process, which results into savings of raw material or energy or both, reduces

waste

and

lessens

the

burden on environment, reduces hazard and increases profitability fits into the ambit of ‘green chemistry’ and also ‘sustainable development’.

chemistry is not a new concept as

we understand it today. The birth of chemical engineering as a separate

discipline can be traced to the Solvay in

1811

for

displaced

the

old

polluting

LeBlanc process, based on CaCO3 and

Na2SO4, which was practised since 1787. In LeBlanc process, Na2SO4 was

produced from NaCl and H2SO4. The

irksome problem of disposal of CaSO4

was

not

satisfactorily

solved,

and

enormous quantities of leftover calcium

sulfate still exist in Europe. However,

the

manufacture of soda ash from NaCl

POLYMERS Communiqué l February - March 2021

NN

Less hazardous chemical syntheses

NN

Designing safer chemicals

NN

Safer solvents and auxiliaries

NN

Design for energy efficiency

NN

Use of renewable feedstocks

NN

Reduction of derivatives and waste

NN

Catalysis

NN

Designing

chemical

pollution

legislation

(The

NN

chemical industry started absorbing

NN

HCl gas in water in huge absorbers hydrochloric

acid

solution.

George Davis, who is credited with the

fatherhood of chemical engineering was the Her Majesty’s Alkali Inspector

of England. He analysed the pollution associated Blanc

and

with

Lead-Chamber,

Solvay

processing,

Le

in

accordance with the Alkali Works Act

of 1863. The revolution in engineering design and operation paved a way for a new branch of engineering that was

a symbiosis of both applied chemistry and traditional engineering - that is Chemical

Engineering.

The

Solvay

process, the first practised example of green chemistry, showed the prowess

of recycle and reuse of ammonia, which does not come into sight anywhere

in the stoichiometry, but is central to the

success

of

that

technology.

The second-best example of green chemistry synthesis

is

the

(1907)

Haber’s

that

ammonia

hinged

on

catalysis, recycle and energy efficiency

and by 1913 it added to the military power

of

Germany

during

World

War I. Incidentally this technology is

during the 20th century. In today’s

context, the historical perspective leads us to the much talked about dozen

principles of green chemistry that are in the hub of research.

NN

Pollution prevention

NN

Atom economy

Real-time

analysis

Inherently

safer

prevention

Alkali Act of Great Britain of 1857), the

to

chemicals

degrade

partially as a result of the first anti-

of the chemical industry to society

Not many would know that green

invented

which

considered as the greatest contribution

Green Chemistry: Is it New?

process

and CaCO3. It is the green process

accident prevention

easy

for

to

pollution

chemistry

for

If chemical and allied industries have to

regain

the

lost

glamour and prestige, putting

the

green

practice

would

chemistry into

Regardless of the

type of exposure

principles

control, ranging

desirable.

from engineering

catalysis, bio-catalysis,

personal

be

most

controls through

Heterogeneous solventless

synthesis

protective gear, it

and use of renewable resources

demonstrated atom

processes

will involve cost.

have

In contrast, there

how

is no additional

economical are

also

the

most

cost

of

biorefinery

will

upfront capital

cost necessarily

effective. The concept

associated with

green chemistry

revolutionise the future chemical and

the

biorefinery into

approach.

industry

integrated

account

takes a

total

energy

scenario apart from chemical production.

If waste cannot be reduced, then

end-of-pipe solution as a regulatory approach has been practised in the

industry with a view that the technology is perfect and only the effluent should be

treated.

Although

total

waste

cannot be eliminated, there are other approaches

of

waste

minimisation

To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

89

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ON-THE-MOVE

Industry Benefits with the

POLYMERS Communiqué App Industry News App by POLYMERS Communiqué...a pioneering initiative! Carry the power of updated industry news with you as you move with your handhelds!

This POLYMERS Communiqué mobile app is the leading news bureau in the

polymers and plastics space. Available for FREE on Android and iOS, with a small download size, one can get a plethora of knowledge! With its launch just early

in this lockdown, we have received stupendous response and feedback and we

are extremely delighted to share some with you. We are overwhelmed with your responses. In all humility...a big thank you!

Good to download the POLYMERS

Communiqué app on my phone. It really updates

me on a regular basis about the polymer world and how polymers are playing a driving force for global economy. Thanks to this great app!!

Manpreet Singh AGM - Plastics, Godrej & Boyce Mfg. Co. Ltd. I am a regular reader of POLYMERS Communiqué magazine dedicated to reporting on plastics industry,

since the first issue. The content, the presentation, the graphics, the layout are all platinum standard and impresses me. Syncing with the circumstances, the digital adaptation is better and more convenient. The

app delivers first-hand information and news on realtime basis, which is the need of the day. The new digital

avatar of POLYMERS Communiqué is addictive and,

of course, it’s a good addiction. Compliments to the creators for the yeoman service to the industry.

MyPC app is an excellent and

unique application and provides candid insights into the plastics

world. You are doing a very good job for this industry.

My best wishes to the MyPC app team.

Chirag Shah Partner, Premsons Cables Industries

Anil Nagda Former President of Telangana and Andhra Plastics Manufacturers Association (TAAPMA)

94

POLYMERS Communiqué l February - March 2021

To share your feedback about the MyPC mobile app, please write to feedback@custage.com with your smart picture proudly showing your downloaded app as the ‘5 stars’ below!

Scan the code POLYMERS Communiqué mobile-based application is a menudriven, very handy reference for anyone in the polymer industry

to rely on. Trending takes the reader through various current news and can be an ongoing latest news material to keep scrolling.

Archives allows you to re-read or refer a few days old news. Gallery

takes you through the photos and short introduction of the leaders - sometimes to see how they looked when they started their business. Business toons is indeed fun to read. The previous issues

of POLYMERS Communiqué can be accessed with the pull-down

menu ‘Magazine’. Announcements is a good reference to know what is being done new by some of the known personalities. You

We get information from polymers to

Visit the store

products. We get fabulous information from the Directors of SME companies which is special. We get quality information what we are searching for.

have the option to search the information you need and share

Reading the last issue of POLYMERS

Overall, the mobile-based POLYMERS Communiqué application is

the app. I see that the app has no social

+91-9136600573

in building connects - polymers to plastic

info@custage.com

the news or the article to anybody through the application itself. of great value being quick and an agile reference to anybody in the polymer industry.

Purushottam Deshpande Assistant Vice President - Mfg. Engg., NPD and Strategic Sourcing, Fleetguard Filters Pvt. Ltd. POLYMERS Communiqué l February - March 2021

Communiqué inspired me to download media information like quotes etc.; it helps product processing to promoters.

Jignesh Panchal Senior Manager, Uniloy

95

INSIGHT

Plastics Waste Management

National and Global Approaches Why manage waste - With increased plastics consumption, India’s national per capita plastics waste generation is also on consistent rise day by day, which is around 7.6 gms per day and as per Central Pollution Control Board (CPCB) estimates, India produces 3.3 trillion grams of plastics waste per year.

I

ndia, with population of 1.38 billion

manufacturing

17.7% of the world’s population as

with plastics in a variety of applications

(estimated in 2020), represents about

per UN statistics and the second most

populous country next to China. Once upon a time regarded as ‘bane’ for the country’s growth, today the economists suggest

that

‘population’

worked

as a ‘boon’ for growth of all sectors

in India, including the downstream petrochemical industries - specifically plastics plastics

product

manufacturing

processing

segment.

or

With

increased plastics consumption, India’s national

per

capita

plastics

waste

generation is also on consistent rise day

by day, which is around 7.6 gms per

day and as per Central Pollution Control

Board (CPCB) estimates, India produces 3.3 trillion grams of plastics waste per year.

In recent years the rapid urbanisation, industrial

and

due

to

its

apparent

merits

or

retail across the country witnessed

a significant demand generation of plastics,

catalysing

the

growth

96

Ensuring

that

no

damage

is

caused to the environment during this process, NN

Ensuring channelisation of recyclable plastics waste fraction to recyclers,

of

plastics consumption, which would be

NN

Ensuring processing and disposal

touching around 20 million tonnes in

on

prime and recycled material). However,

the guidelines issued by the Central

FY

2020-21

(includes

prime,

adopting

appropriate

non-

remains

a

methodology for

most of the urban centres or metrocities.

Plastics

Waste

Management

Rules: 2016 notified by the Ministry

of Environment, Forest and Climate responsibilities of local bodies, waste generators, plastics producers, importers

and brand owners. Responsibilities of local bodies are outlined as - The local and

co-ordination

of the waste management system

and for performing the associated functions, namely: NN

Ensuring

segregation,

collection,

Creating all

the

governmental and local authorities in

fraction

of

Pollution Control Board, NN

and use of apt recycling technologies challenge

non-recyclable

plastics waste in accordance with

the plastics waste management by

operationalisation

Director TTRC, Lohia Corp Ltd., Kanpur

and disposal of plastic waste, NN

advantages. Surge in offline and online

body shall be responsible for setting up,

Rajeev Kumar Dwivedi

storage, transportation, processing

growth,

Change (MoEFCC) defined the roles and

Roles and Responsibilities infrastructural,

sector

replacement of conventional material

awareness

stakeholders

responsibilities, NN

about

among their

Engaging civil societies or groups working with waste pickers, and

NN

Ensuring that open burning of plastics waste does not take place.

The above guidelines of MoEFCC are in line with the implementation of the

theme and characteristics of ‘circular

economy’ across the globe to tackle the plastics waste management. It is well

known that pre-COVID, the buzzword ‘circular economy for plastics’ was being To know more, please subscribe to Polymers Communiqué at

subscriptions@polymerscommunique.com

POLYMERS Communiqué l February - March 2021

THOUGHT PROVOKING

The call of the hour in the post-pandemic era is of redefinition, with a thrust

towards deeper engagements and

long-term impacts in sustainability.

Rethinking manufacturing is one

such area, and remanufacturing is one such opportunity.

Remanufacturing

The Untapped Opportunity

F

rom voluntary standards to integrated reporting; from do good initiatives to a business agenda; from a side stay to the main stay, from the

Millennium Development Goals (MDGs) to Sustainable Development Goals

(SDGs), from ‘each one speaks their own truth’ to a universal language around

sustainability - the journey of sustainable development has been evolutionary and will continue to be so.

The call of the hour in the post-pandemic era is of redefinition, with a thrust

towards deeper engagements and long-term impacts in sustainability. Rethinking manufacturing is one such area, and remanufacturing is one such opportunity.

The ‘What’ and ‘Why’ of Remanufacturing According to the American National Standards Institute, “Remanufacturing is a Ruby Thapar A Reputation and Sustainability Consultant and an Executive Coach, Mumbai

comprehensive and rigorous industrial process by which a previously sold, leased, used, worn, or non-functional product or part is returned to a ‘like-new’ or ‘better-

than-new’ condition, from both a quality and performance perspective, through a controlled, reproducible and sustainable process.”

To know more, please subscribe to

Polymers Communiqué at subscriptions@polymerscommunique.com

98

POLYMERS Communiqué l February - March 2021

Weekend Delights Friday night to Monday morning, a time to unwind, rejuvenate and be geared to face another grueling week. Each one of us use this ‘my time’ is different ways. And why not, weekend is a time for expressing ourselves. We all have known the personalities featured here as astute business stalwarts; as life is more than just business, we at POLYMERS Communiqué, have started this section called ‘WEEKEND DELIGHTS’. Live life...

Harshit Shah

Managing Director,

Vijaydeep Mould Accessories Pvt. Ltd.

Weekends are usually reserved for updating existing knowledge and upgrading current skill sets. Reading books and listening to audio books. Additionally, also spending quality time with my daughter, hosting board game parties for friends and my family covers rest of my time during the weekend.

Prakash Narsinghani Director,

Venus Compressors Pvt. Ltd.

Yoga is a big must for me as my weekend activity; the major part in yoga being Surya Namaskar, meditation, tree posture, Bujang Aasan and the Plank pose.

This not only increases mental and physical stamina, but also rejuvenates me.

100

POLYMERS Communiqué l February - March 2021

Bharat Pawar

Regional Sales Manager -

Middle East, Africa & Indian Subcontinent,

Corma Inc.

Weekend is all about taking a break from routine, relaxing and doing things I miss during weekdays. Be it reading, watching war or spy movies, visiting parents, eating-out, long drives, playing with my son or catchingup with friends, I try to make the most from any weekend.

Being an avid reader, the break allows me to fast pace on my paper and audio books. Fictions have amazed me from my school days. Jeffrey Archer, Wilbur Smith, Michael Crichton, Chetan Bhagat and Novoneel Chakraborty are a few of my favorite authors.

Vishal Purohit

Director - Business Development, Purohit Steels Co.

I go trekking / camping in the hills, swimming, cycling, visiting temples, doing meditation etc. All this is for my energetic and inquisitive kids who teach us innumerable things which are essential to unwind and charge up for the next big week.

Harshwardhan Singh Business Manager,

Ideal Matrix Technologies Pvt. Ltd.

I have been practicing mixed martial arts for the last 5 - 6 years, although have not able to do it regularly due to various other occupancies but I make sure that I practice it every weekend. It does not just keep you fit physically, but also mentally and also improves concentration and decision-making skills.

POLYMERS Communiqué l February - March 2021

101

HAND HOLDING

I

n accordance with the ‘Atmanirbhar

Bharat Abhiyaan’ launched by Hon’ble Prime Minister Narendra Modi, The All

India Plastics Manufacturers’ Association (AIPMA) launched the Arvind Mehta Technology Centre

and

(AMTEC)

on

Entrepreneurship 16th

February,

2021 in Mumbai. The Centre has been launched with the goal to bring best

practices and latest technologies to

Indian plastics industry opening new

vistas of applications, primarily focusing on MSMEs.

Chandrakant Turakhia, President, AIPMA

announced that as a mark of respect and acknowledgment towards 30+ years of relentless service and dedication by

AIPMA Launches AMTEC to Rapidly Bring MSMEs At Par With Global Standards

Arvind Mehta for the cause of plastics industry of

and

Excellence

AIPMA,

has

been

the

Centre

named

as

‘AIPMA’s Arvind Mehta Technology and Entrepreneurship Centre (AMTEC)’.

The inauguration was held on the

auspicious day of ‘Basant Panchami’

by Chief Guest, Prof. (Dr.) S. K. Nayak,

AIPMA’s AMTEC (the Arvind Mehta Technology and

To know more, please subscribe to Polymers Communiqué at

Entrepreneurship Centre) is expected to help India to

subscriptions@polymerscommunique.com

compete with China in the global market and increase its

market share from USD 10 billion to USD 20 billion by 2024.

Q. How do you see the objective of ‘industry service’ being achieved by AMTEC? AIPMA has decided to move in this vertical as

industry service. Industry service means the industrial unit gets technical support to grow

faster. The target is that the product should reach the market before time through the services provided.

Q. Capabilities and skill are two most important aspects in building an academic centre of repute. How do you see this being addressed at AMTEC?

Q. Please highlight a little more on the MSME and AMTEC connect.

We in the plastics industry

comprise of 90% MSMEs; this

is

true

with

our

membership also. AIPMA understands

the

pain

Hence,

vertical

points of the industry. this

is

created with a vision to

Arvind Mehta Chairman, Governing Council, AIPMA and Chairman, AMTEC

Capabilities and skills will be addressed through

serve MSMEs by which

best of the global partners who will impart training

management bottlenecks can be tackled by our

people on floor.

them to make things happen in business.

the advance technology and collaboration with

they

and knowledge to enhance the capabilities of our

management vertical as well. We want to help

102

should

grow;

any

POLYMERS Communiqué l February - March 2021

Reduced Footprint...Enhanced Productivity

Introducing

ON TRACK

More than a Plastics and Rubber Trade Fair

CHINAPLAS 2021 Concurrent Events Unveiled CHINAPLAS 2021 will be held between 13th and 16th April, 2021,

occupying 16 halls of the Shenzhen World Exhibition & Convention

Center, which covers 3,50,000 sqm of exhibition area. Together with over 3,600 renowned exhibitors from all over the world, the exhibition will

showcase countless innovative materials and mechanical technologies.

2

020 was an unprecedented year for the world. The plastics and rubber industries have undergone rapid changes, and the downstream users

are more urgently in need of innovative and practical solutions than ever

before. How to grasp the infinite market opportunities in 2021? CHINAPLAS, Asia’s No. 1 plastics and rubber trade fair, to be held between 13th and 16th April,

2021 in Shenzhen, PR China, together with a series of exciting concurrent events,

104

POLYMERS Communiqué l February - March 2021

to explore hot topics like 5G, digital manufacturing, circular economy, antibacterial & sterilisation etc. with the shareholders in the industries.

Plastics Recycling & Circular Economy Conference and Showcase - Towards a Sustainable Future The 2nd edition of CHINAPLAS X CPRJ Plastics

Recycling & Circular Economy Conference and Showcase will be held on 12th April, one day before

the commencement of CHINAPLAS 2021. The event aims at gathering visitors with common

beliefs and goals to explore the implications of the circular economy from different perspectives, such as the global trends and policies of plastics

recycling, the experience of waste separation for recycling in leading regions, innovative ideas and achievements of plastics recycling etc.

Industry 4.0 Factory of the Future, the Strategy of Maximising Efficiency and Reducing Cost for Manufactures The event aims to illustrate the pain points during

the advancement of smart manufacturing such as

frequent production stoppage, time-consuming processes to trace the reason of malfunction, high

cost as well as the urgent need for production plan

adjustments, remote maintenance and monitoring.

It offers practical solutions from three aspects for

users, including Smart Factory to present the actual operation of the factory of the future.

‘Industry 4.0 Factory of the Future’ is organised

by Adsale Exhibition Services Ltd. & iPlast 4.0 Pte

Ltd. and jointly organised by Europe’s Association

for Plastics and Rubber Machinery Manufacturers (EUROMAP), VDMA and OPC Foundation.

Design x Innovation - Aesthetic is Everything The 6th edition of ‘Design x Innovation’ will present

CHINAPLAS 2021 to explore hot topics like 5G, digital manufacturing, circular economy, antibacterial & sterilisation etc. with the shareholders in the industries. platform for releasing innovative technology. More than 40 experts will present the latest, hottest and

most advanced products and technologies under 6 different themes.

This year, ‘Tech Talk’ continues to highlight the practicability and innovation, providing an effective platform for professional buyers to grasp

the industry trends. ‘Tech Talk’ received nearly 500 professional participants in the previous edition.

Medical Plastics Connect - Addressing the Healthcare Needs The pandemic has significantly amplified the market demand for medical and health products.

The attentiveness to this industry is expected to increase continuously. Riding on the previous success,

become

the a

promoting

‘Medical

key

event

high-tech

Plastics of

Connect’

CHINAPLAS,

medical

has

helps

technologies

and products, particularly after the pandemic.

Asian creativity in the new era. It allows participants

Be There!

brand owners’ innovations in product details to

16th April, 2021, occupying 16 halls of the Shenzhen

to experience how plastics technology inspires

CHINAPLAS 2021 will be held between 13th and

add brand value under the three themes -

World Exhibition & Convention Center, which

and Smart & Healthy Living x Plastics.

with over 3,600 renowned exhibitors from all over

Design for Sustainability, CMF Design & Technology

Tech Talk - Beyond Technology Technology will change everything! ‘Tech Talk’, the ‘flagship’ concurrent event of CHINAPLAS, has been

held for four years, and has become an influential

POLYMERS Communiqué l February - March 2021

covers 3,50,000 sqm of exhibition area. Together the world, the exhibition will showcase countless innovative materials and mechanical technologies.

It is expected to attract professional visitors from different plastics and rubber application industries in China and overseas countries.

105

IN SYNC

Project Management An Integral Part of Organisational Growth

Project management is a very important aspect to

look at, especially when it deals with newer businesses or expansions. This can only be achieved if its

management is being taken up by competent team of

F

people and a good leadership.

or any organisation to grow, there needs to be fresh ideas, business vision - short or long term to work on and to implement in a scientific and professional manner.

An organisation grows by two approaches - inorganic and organic. In an earlier trend, businesses preferred to grow by the organic route i.e., by using internal

resources and expansions. Such growth was a bit slow, though it had a very strong

base and foundation. In the inorganic growth approach, the organisation strategically decides to acquire other businesses which may or may not be in sync with their present business. In turn, the growth of the organisation is seen

instantaneously and there is a sudden leap in business as well as earnings. The growth is very fast. A word of caution here is that, if not managed well, it may turn out to be a disaster.

Prashant Trivedi Vice President, Sangir Plastics Pvt. Ltd., Vapi

106

In the scenario of globalisation, and need of business today, many business To know more, please subscribe to

Polymers Communiqué at subscriptions@polymerscommunique.com

POLYMERS Communiqué l February - March 2021

Business Listing

Navigator Pane Category

Page

Category

Page

NN

Ancillary Equipment

108

NN

Machinery for Foam, Reactive or Reinforced Resins

109

NN

NN

Machines & Equipment for Preprocessing

109

NN

Parts and Components

109

NN

Raw Materials

109

Blow Moulding Machines

108

NN

Colour Pigments & Masterbatches

108

NN

Extruders & Extrusion Lines

109

n Ancillary Equipment

and Recycling

n Blow Moulding Machines

Bry-Air (Asia) Pvt. Ltd.

Rakesh Chandra Jha, National Sales Manager

419-420 Udyog Vihar Phase 1, Gurgaon-122016, Haryana.

Davis-Standard, LLC

Debbie Crowley, Global Marketing Administrator 1 Extrusion Drive, Pawcatuck-06379, CT T: +860-599-1010 E: dcrowley@davis-standard.com W: www.davis-standard.com

T: +91-124-4184444 E: rcjha@pahwa.com W: www.bryair.com

n Colour Pigments & Masterbatches Nu-Vu Conair Pvt. Ltd.

Pradeep Chudasama, Asst. Manager - Marketing

Plot No. 147, 148 & 154, Devraj Industrial Park, Piplaj-Pirana Road, Piplaj, Ahmedabad-382405, Gujarat.

Prasad Group of Companies

Sanjiv Parikh, General Manager (Sales & Marketing)

Plot No. 14 & 16, G.I.D.C. Estate, Phase-I, Vatva, Ahmedabad-382445, Gujarat.

T: +91-79-25830112 M: +91-9377752617 E: plastics@prasadgroup.com W: www.prasadgroup.com

108

Rajesh Kumar, VP-Sales

C-65/1 Okhla Industrial Area, Phase II, New Delhi-110020.

T: +91-11-41612244 M: +91-9810000461 E: info@alokindustries.com W: www.alokmasterbatches.com

T: +91-79-29708147 M: +91-9712928201 E: marketingindia@conairgroup.com W: www.conairgroup.com/india

ALOK Masterbatches Pvt. Ltd.

Blend Colours Pvt. Ltd. Sharad Rathi, Director

Plot No.35, IDA Kattedan, Hyderabad-500077, Telangana.

T: +91-40-24361499 / 24360887 M: +91-9885118511 E: info@blendcolours.com W: www.blendcolours.com

POLYMERS Communiqué l February - March 2021

n Machines & Equipment for Preprocessing and Recycling

Deep Plast Industries

Ramesh Patel, Partner

Davis-Standard, LLC

Debbie Crowley, Global Marketing Administrator 1 Extrusion Drive, Pawcatuck-06379, CT T: +860-599-1010 E: dcrowley@davis-standard.com W: www.davis-standard.com

Block No.553, Rakanpur (Santej), Kalol, Gandhinagar, Ahmedabad-382721, Gujarat.

T: +91-2764-286032 / 286450 M: +91-9825035472 E: rameshpatel@deepplast.com W: www.deepplast.com

n Parts and Components n Extruders & Extrusion Lines

Davis-Standard, LLC

1 Extrusion Drive, Pawcatuck-06379, CT T: +860-599-1010 E: dcrowley@davis-standard.com W: www.davis-standard.com

1 Extrusion Drive, Pawcatuck-06379, CT

n Raw Materials

Econ Machinery Pvt. Ltd.

Vinu Chavda, Managing Director

181, Por Industrial Park, Adjoining Por G.I.D.C., Behind Hotel Sahyog, NH 8A, Por, Vadodara-391243, Gujarat.

T: +91-7046263000 M: +91-9624091901 E: v.chavda@econ-in.com W: www.econ-in.com

Resins

Davis-Standard, LLC

Debbie Crowley, Global Marketing Administrator 1 Extrusion Drive, Pawcatuck-06379, CT T: +860-599-1010 E: dcrowley@davis-standard.com W: www.davis-standard.com

Apar Industries Limited

Kamal Sharma, Sr. DGM, Polymer Division

Flat No. 303, Welworth Regency , S. No. 24/3, Near Shivajinagar St Stand, Shivaji Nagar, Pune-411005, Maharashtra.

T: +91-20-25514572 / 73 M: +91-9823311662 E: agency.polymers@apar.com W: www.apar.com

n Machinery for Foam, Reactive or Reinforced

Debbie Crowley, Global Marketing Administrator T: +860-599-1010 E: dcrowley@davis-standard.com W: www.davis-standard.com

Debbie Crowley, Global Marketing Administrator

Davis-Standard, LLC

Sigma Group

Vijay Goyal, Director Sigma House, 170/22, RNT Marg, Film Colony, Behind TI Next Mall, Indore-452001, Madhya Pradesh.

T: +91-731 2529911 / 15 M: +91-9993067911 E: vijaygoyal@sigmachem.com W: www.sigmachemtrade.com

Be a part of the exclusive Golden Pages for as low as Rs. 2500 Call Bhavesh at +91-96640 61103; bhavesh@custage.com to book your slot.

POLYMERS Communiqué l February - March 2021

109

Events CHINAPLAS 2021

Indoplas

VietnamPlas

PLASTINDIA 2022

13th – 16th April, 2021

11th - 14th August, 2021

13th - 16th October, 2021

17th - 21st February, 2022

Shenzhen World Exhibition & Convention Center, PR China (Bao’an New Venue)

Jakarta International Expo (JI Expo), Kemayoran, Jakarta, Indonesia

Saigon Exhibition & Convention Center, Ho Chi Minh City, Vietnam

Pragati Maidan, New Delhi, India

12th Die & Mould India International Exhibition

IPLEX’20

ArabPlast

Propak Africa 2022

27th - 30th April, 2021

3rd - 5th September, 2021

15th – 18th November, 2021

Bombay Exhibition Centre, Mumbai, India

7th Plastasia 2021 2nd - 5th July, 2021

BIEC, Bangalore International Exhibition Centre, Bengaluru, India

Adlux Exhibition Centre, Kochi, India

T-PLAS 2021 22nd - 25th September, 2021 BITEC - Bangkok International Trade & Exhibition Centre, Bangkok, Thailand

8th - 11th March, 2022

DWTC, Dubai World Trade Centre, UAE

Plast Eurasia Istanbul 2021

Johannesburg Expo Centre, South Africa

K 2022

1st - 4th December, 2021

19th - 26th October, 2022

Tüyap Fair Convention and Congress Center, Istanbul

Düsseldorf, Germany

Plastec West

27th Fakuma

Interplastica

Plastfocus 2023

10th - 12th August, 2021

12th - 16th October, 2021

25th - 28th January, 2022

5th - 9th January, 2023

Anaheim Convention Center, Anaheim, California, United States

110

Messe Friedrichshafen, Germany

Expocentre, Krasnaya Presnya, Moscow, Russia

India Expo Centre, Greater Noida, Delhi NCR, India

POLYMERS Communiqué l February - March 2021

C

M

Y

CM

MY

CY

CMY

K

R

Meeting Your Needs of Colour

Sustainably

Mouldings Applications Blow Moulding Lubes | Carboys & Drums HDPE Fertilizers Bottles | HDPE Closures | PP Caps Injetion Moulding Pails | Houseware | Crates & Bins Roto Moulding Tanks | HDPE Pharma Bottles Stationary Products & Toys

Extrusions Applications Films | Filaments - Ropes & Twines Shadenet & Fishing Nets | Leno Bags Wovensacks & Tarpaulins | HDPE & PPR Pipes Wires & Cables

An ISO 9001:2015 Certified

Welset Plast Extrusions Pvt Ltd Arvind Mehta Group Company

8, New Metalage Industrial Premises, Subhash Marg, Off Caves Road, Jogeshwari (E), Mumbai 400 060.

INDIA

T F E W

: : : :

+91-22-2821 5734, 2838 7054 +91-22-2838 1088 info@welset.com www.welset.com

TM

AN ADVANCED BLOWN FILM TECHNOLOGY

TM

AN ADVANCED BLOWN FILM TECHNOLOGY

VISIT US AT

FORMEBLY INDIAPLAST