Jagmohan Acquires Additional Land for Expansion
Mumbai – Indian plastic machinery manufacturers are investing in capacity expansion to meet the anticipated demand surge in next three years. Machinery producers are acquiring more space in order to expand installed capacity to shorten delivery schedule.
Anticipating growth in the near future, Extrusion blow-molding machinery manufacturer Jagmohan Pla-Mach Pvt Ltd decided to expand its Asangaon based site locates on the Mumbai-Nashik highway. Asangaon plant commenced production in 2010.
“We are facing capacity constraints, therefore, acquired additional land of 50,000 sq ft to expand the existing site. Currently, the site spreads over 150,000 sq ft area and additional space increase the factory size to 200,000 sq ft,” informed Nikunj Shah, Managing Director, Jagmohan Pla-Mach Pvt Ltd. The construction of the new shed on the expanded plot commences in November and will start functioning by March-April next year.
The additional area will be used to further widen the product range and expand production capacity of the hi-speed auto-deflashing blow molding machines for mono-layer and multilayer segments along with injection blow molding (IBM) machines.
Currently, Jagmohan produces hi-speed auto-deflashing series in various combinations like double station/single layer, double station/double layer, double layer/triple station, 4/5 layer series, FS & FDH series, while in the IBM, European & beam type series.
According to the company, multi-layer extrusion blow molding segment is expected to grow in between 30-40% year-on-year basis in next 2-3 year. “We have experienced surge in demand for auto-delfashing and IBM series and the momentum is expected to pick-up further, therefore, investing in additional space,” he emphasized.
On investment in acquiring additional land and construction new production area, Nikunj Shah said, “We are investing about ₹150 million in the proposed expansion.”
Currently, the Asangaon site delivers on an average 350 machines annually, with expansion the dispatches would likely to increase to 500 yearly. “With extra space, the delivery schedule will be further shortened.”
Jagmohan has 4,500 installations to its credit in about 4 decades of its operation and it has wide product range spreading over 250 models manufacturing extrusion blow molding machines from 5 ml to 5,000 ltrs.
The company growing at 15% yearly and with the capacity expansion annual turnover would likely to increase from current INR 150 crore to INR 200 crore in next fiscal.
Exporting to about 60 countries majorly to S E Asia, the Middle East and Africa. “We are also exporting to Europe, with Italy is one of the main markets along with Ukraine. We have also exporting auto-deflashing series to the US market,” claimed Nikunj. The company entered Europe in 2013, exporting the first 2,000 liters EBM to Italy, while exports to the US started with IBM in 2019.
Meanwhile, Jagmohan is planning digital showcasing of its end product application of its extrusion blow molding (EBM) & injection blow molding (IBM) range at the forthcoming K Show.
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