Milacron LLC, the global leader in high precision
plastic processing technologies and control systems, today announced its plans to
further invest $30 million in its India operations. The firm plans to invest $20
million in Ferromatik Milacron India’s Ahmedabad facility to double its
manufacturing capacity of Injection Moulding Machines & Blow Moulding Machines
as well as commence the production of Extrusion Line. It will invest another $10
million in Mold Masters (a subsidiary of Milacron LLC), manufacturers of Hot
Runners & Controls, for expansion at its Coimbatore facility to meet the growing
Announcing the investment, Milacron President and CEO Mr. Tom Goeke who is
currently in India stated, “We certainly share the new government’s 'Make in India'
philosophy. In fact, we have a ‘Made in India, for India’ strategy. It makes immense
business sense for us, helping us directly target a growing set of customers with
locally made products in India and sold globally. Going by the current growth rate,
by 2020 India will be 2nd only to China in the global polymer processing market. We
are very positive about our growth in India and plan to continue to make
substantial investments in India and rest of markets in the coming years.” said Mr.
“The expansion at FMI will increase the production capacity from 1500 to 2100
Injection Molding and Blow Molding Machines a year. We are also planning to
double the workforce from the current 1,200 employees in various Indian locations
to 2,400 in line with the expansion.” Mr. Tom Goeke added.
The growth of the infrastructure and construction market in India is a major reason
for the expansion and introduction of Extrusion Line and the company wants to
expand its market share.
“With the addition of this new range of Extrusion products, we are a step ahead and
on the edge of technology to better serve our customers in India, SAARC, Middle East and Africa. Our Extrusion Line established products will offer wider range to
our customers.” said Shirish Divgi, Managing Director, Ferromatik Milacron India.
Milacron’s state of the art manufacturing plants are based in Ahmedabad and
Coimbatore. The FMI facility at Ahmedabad is spread over an area of about 55,000
sq. mt.The plant’s layout and manufacturing methods are in line with its Cincinnati
based parent company Milacron LLC, with modern in-house manufacturing facility
to ensure highest quality standards for business improvement.