Welset to Invest in Fourth Masterbatch Site in Silvassa
Mumbai – Indian masterbatch producers are expanding capacities to feed the growing demand from the plastic industry based in the domestic and overseas market. Silvassa in Western India emerged as a major of masterbatch production hub in the country.
Mumbai headquartered major masterbatch producer Welset Plast Extrusions Pvt Ltd has also finalised setting-up the fourth site in Silvassa. “We already have three sites in Silvassa with combined production capacity of 36,000 MTPA. Now we are now going ahead with further expansion due to growing demand and setting-up fourth plant in phase 1 and fifth site in phase 2 in Silvassa,” informed Arvind Mehta, Managing Director, Welset Plast Extrusions Pvt Ltd.
The company is investing INR 150 million in the proposed fourth site as part of phase 1 expansion, which will have capacity to produce 14,000 MTPA, bringing the cumaltive capacity to 50,000 MTPA. The construction of the plant will commence in December and it will be functional by next September. “We have already acquired 2 acre land for our current and future expansion,” adds Mehta.
Welset will invest another INR 150 million for the fifth plant, which will have similar production capacity as the fourth factory. The expansion in the fifth site would be carry forward depending on the capacity utilisation of the upcoming fourth plant. Welset offers wide range of colour, white, black masterbatches, anti-fibrillation/filler master batches and full range of additive masterbatches for plastics industry
Welset already decided on key plant machinery supplier in the domestic market. “We have already zerod-on sourcing plant machinery from Bengaluru based Steer for the upcoming fourth plant.”
Almost every key masterbatch producer is having base in the former Portuguese colony, which borders western Indian state of Gujarat, home to the country’s plastic industry.
Growing at about 15% annually, Welset is gearing-up to aggressively address the dynamic supply / demand variances in the industry through additional capacities to be built through upcoming new sites. A new range of products, grades for dedicated applications in plasti-culture and an exponential rise in its global presence are some of the areas that would see increased activities in near future.
With new capacities coming, the focus on exports to the Middle East and Africa will also increase. “A sales office in Dubai is also planned to push exports in the Gulf Cooperation Council countries (GCC) and Africa.” Welset already operates an office in Barcelona (Spain) to cater the European market in 2019.
At the forthcoming K Show, Welset is showcasing ‘Biolife’ newly introduced range of masterbatches regarded as solution to single-use plastic, ideal for composting plastics in natural soil or landfill. Biolife range can be used with regular polymers and colors on conventional plastic processing equipment. Biolife is accredited withcertificate of approval for compostable plastic from Intertek, besides certified as heavy metal free from EN 71 and food contact as per US FDA. In 2018, Welset divested from the PVC compound business to the Mitsubishi Chemical Corporation (MCC).
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