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Milacron to invest $30 million to expand India production capacity

Milacron to invest $30 million to expand India production capacity

Introduction :

Milacron LLC, the global leader in high precision plastic processing technologies and control systems, has announced to expand its India production capacity with an investment of $30 million. Going by the current growth rate, by 2020 India will be 2nd only to China in the global polymer processing market.

Features :

Milicron 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.

"The expansion at FMI will increase the production capacity from 1500 to 2100 Injection Molding and Blow Molding Machines a year. Mr. Tom Goeke said 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."

Specifications Table

Company Name           :         Milacron LLC
Location                      :         Ahmedabad & Coimbatore, India
Construction Type        :         Expansion
Project Starting Year    :         August 2014
Estimated Cost            :         $ 30 million

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