The Freedonia Group: US Demand For Disposable Medical Supplies To Exceed $54 Billion

CLEVELAND — March 2, 2016 — Demand for disposable medical supplies in the United States is forecast to expand 4.2 percent annually to $54.1 billion in 2020. A rise in patient activity caused by aging population patterns, an increasing incidence of medical conditions, and the extension of health insurance coverage by the Patient Protection and Affordable Care Act will promote gains. An elevated focus on infection prevention throughout the healthcare community will also boost demand. These and other trends are presented in Disposable Medical Supplies, a new study from Freedonia Group, a Cleveland-based industry research firm.

Drug delivery and related products will remain the largest and fastest expanding group of disposable medical supplies based on growth in the number of patients who need surgery or long-term therapy. Total demand posted by this product group is forecast to rise 4.9 percent annually through 2020. Analyst Bill Martineau notes that, “Safety-enhanced devices for the minimally invasive delivery of parenteral medicines, inhalation therapies, and IV solutions will lead growth.”

Disposable wound management products are projected to post demand of $12.1 billion in 2020.  Polymeric tissue sealants, along with alginate, foam, and collagen wound dressings, will realize the fastest gains based on enhanced safety and faster healing properties.  On the other hand, demand for bandages will expand at a below average pace due to limited pricing flexibility and the overall lack of proprietary types.  First aid kits will fare the best among other disposable wound management products, benefiting from trends promoting self-treatment. Conversely, advances in less invasive surgery and tissue sealants will weaken the overall US market for traditional suture and staple wound closures.

Nonwoven medical disposables will see above average growth in demand. The heightened focus on infection prevention in the healthcare sector will boost consumption of single-use, high value-added nonwoven garments and textiles by hospitals and outpatient facilities. A rising prevalence of bladder control problems attributable to the aging population will impact favorably on retail and institutional sales of nonwoven incontinence goods. The best growth in demand among other disposable medical supplies will occur in products with enhanced infection prevention, performance, and/or cost containment benefits.

Posted March 2, 2016

Source:  The Freedonia Group, a division of MarketResearch.com

 

Automated Packaging Systems Acquires Ergocon Solutions, Adds Textile Inspection And Packaging To Its Product Line

STREETSBORO, Ohio — March 2, 2016 — Automated Packaging Systems, a producer of high-reliability bagging systems, is pleased to announce the acquisition of Ergocon Solutions, a provider of ergonomically considerate textile packaging solutions. Ergocon is an innovator in designing and manufacturing automated textile inspection and packaging systems for professional laundry applications that include bar, shop, utility and microfiber towels, plus washcloths, pillow slips, gloves, mops and more. With this company acquisition, Automated Packaging Systems expands and improves its product line for the industrial laundry segment, and supports its customers with the largest field service network in the industry.

Automated Packaging Systems will continue to support existing Ergocon customers with full access to technical support, customer service, spare parts, and bag packaging materials. As part of the acquisition, engineers from both companies have worked together to enhance this field-proven system, now called the “Autobag® Ergocon Textile Packaging System™.” This new system offers easier loading capabilities, new custom alarm options, versatility in the operating software, and output ports that can be synchronized to third-party monitoring software. The Autobag Ergocon Textile Packaging System uses an automatic feeder, fully integrated with an Autobag AB 255™ wide bagger, to inspect and package up to 7,000 towels per hour.

Cliff Brehm, President of Automated Packaging Systems says, “We have worked closely with Ergocon and its customers, providing state-of-the-art baggers and preformed bags for the overall solution. With this acquisition, we see an opportunity to expand our product line to meet the unique needs of the professionally laundry market, in North America and internationally. We are committed to delivering solutions that improve productivity and reduce costs for our customers.”

Posted March 2, 2016

Source: WEBWIRE — Automated Packaging Systems

EFI Acquires Dye And Color Systems Developer Rialco Ltd.

FREMONT, Calif. — March 2, 2016 — EFI™ announced  it has acquired Rialco® Ltd., a European supplier of dye powders and color products for digital print and industrial manufacturing industries.

Based in Bradford, United Kingdom, Rialco will now operate as part of EFI’s industrial inkjet business, and will continue to work closely with and support its existing clients as well as expand and grow its capabilities with new products and new customers. EFI plans to improve its inkjet portfolio with Rialco’s advanced ink component capabilities.

The dye-sublimation ink market Rialco serves is one of the fastest-growing sectors of the global ink industry, with new research from Smithers Pira forecasting 18.4-percent year-over-year growth in dye-sublimated material print volumes through 2021, and a greater than 100-percent increase in volume and value of dye-sublimated printed material in that same time frame.

Financial terms of EFI’s acquisition of Rialco were not disclosed, but the deal is not expected to be material to EFI’s Q1 or full-year 2016 financial results.

“The deal announced today gives EFI the platform to extend the technical advantages we provide to customers in the signage, textile, ceramics and other industries that are rapidly transitioning from analog to digital printing,” said Stephen Emery, vice president of EFI’s ink business.

Rialco employees have joined EFI and will continue to work from Rialco’s facility in Bradford.

“Being part of EFI gives Rialco an important opportunity to continue growing our offerings as part of a leading developer of advanced industrial ink products,” said Paul Davies, a Rialco co-founder and current director of EFI | Rialco. “Our team is looking forward to working with our colleagues across EFI to bring Rialco’s innovations to a broader range of customers and markets.”

Posted March 2, 2016

Source: EFI

TRSA and Universal Unilink Announce Partnership

ALEXANDRIA, Va. — March 1, 2016 — TRSA, the largest domestic and international textile services association, today announces its partnership with Universal Unilink, the largest group of North American independent textile services operators, to jointly promote services to improve the safety and performance of their member companies. Combined, the organizations reach more than 250 national, regional and independent operators in North America and around the world providing professional development and industry news, trend and best practices, as well as networking opportunities and access to the industry’s most innovative suppliers.

“TRSA is constantly seeking to partner with organizations that believe expanding, protecting and professionalizing the textile services industry benefits all companies regardless of size or market,” said TRSA president & CEO Joseph Ricci. “This partnership with Universal Unilink will help the industry better share best practices that improve safety and increase productivity.”

“Universal Unilink is dedicated to offering exceptional business tools, purchasing services, training and networking opportunities to the Independent,” Allan Fowler, Universal Unilink president, remarked.  “TRSA’s lobbying effort on behalf of the industry is critical in today’s environment of increasing regulations; this alliance gives our Independents a stronger voice. We welcome eligible TRSA members to join our ranks and, conversely, this relationship provides special incentives for our members to join TRSA.”

Posted March 1, 2016

Source: TRSA

Fruit Of The Loom Wins Walmart Supplier Of The Year Awards

BOWLING GREEN, Ky. — March 1, 2016 — Fruit of the Loom recently received two prestigious awards from Walmart that recognize the Company’s strong partnership with the retail giant.

Walmart Apparel presented Fruit of the Loom with the Omni Channel Supplier of the Year award, and Walmart Mexico named Fruit of the Loom their 2015 Supplier of the Year.

“It is an honor for our teams to have been recognized with these awards by one of the world’s largest retailers,” said Rick Medlin, President & CEO, Fruit of the Loom. “It’s truly a team effort, and the culmination of a lot hard work. We are proud to be a Walmart partner and look forward to building on the success of this year.”

The Omni Channel Supplier of the Year award is an annual award given to the company that demonstrates the best performance in connecting the shopping experience between Walmart.com, mobile, and brick and mortar locations. Additionally, they must have proven to serve their customers’ needs in every available channel and successfully developed and enhanced their business.

“It’s extremely rewarding to see the results of this program, which requires the dedication of many individuals across many departments in our Company, and to be recognized as an industry leader at Walmart,” said Dale Miller, Sr. Vice President of Sales, Fruit of the Loom. “We strive to succeed in building brand equity and developing trusted customer partnerships, and this is a tremendous accomplishment for our Company.”

Fruit of the Loom also received the 2015 Supplier of the Year Award from Walmart Mexico in the Apparel Supplier Category. This award recognized the Company for its sales growth, analytical approach and innovation.

The relationship between Fruit of the Loom and Walmart Mexico saw added success through a collaborative approach to supply chain management, category management and analysis of key performance indicators. Additionally, Fruit of the Loom utilized innovative approaches to allow new products in the market place earlier than ever before.

This marks the third consecutive year Fruit of the Loom has been nominated for the Best Apparel Supplier in Mexico. The Company previously received the award in 2013.
Posted March 1, 2016

Source: Fruit of the Loom

Oerlikon Appoints Dr. Roland Fischer As Group CEO To Accelerate Execution Of New Strategic Direction

PFAFFIKON, Switzerland — March 1, 2016 — The Board of Directors of Oerlikon today announced that it has named Dr. Roland Fischer as CEO of the Oerlikon Group, effective March 1, 2016. In line with the new strategic direction to build a global powerhouse in surface solutions and advanced materials, Oerlikon is mandating an experienced senior industry expert with broad expertise in the company’s key industries and markets to execute the strategy. Dr. Brice Koch will leave the company.

Dr. Roland Fischer previously held various senior executive positions in the energy and the aviation & aerospace business, including seven years at Siemens AG and 18 years at MTU Aero Engines AG. Most recently, he was CEO of the Power and Gas Division at Siemens AG — a business that generated EUR 13 billion of sales in 2014. Dr. Roland Fischer holds a degree in Aeronautical Engineering from the University of Stuttgart, Germany and a Ph.D. in Aeronautical Engineering from the University of Karlsruhe, Germany.

Oerlikon’s Chairman of the Board, Prof. Dr. Michael Süss, said: “Roland Fischer brings in-depth expertise in engineering, operational leadership and a remarkable track record in building and growing businesses. His strong leadership skills and extensive experience in the aviation & aerospace and energy markets will be of great value to Oerlikon as we continue to implement our strategy. The Board of Directors is convinced that Roland brings with him the needed competence and qualities to lead the company into this important next phase. I would like to thank Brice Koch for his important contribution. He has led the Oerlikon Group through a phase of important transformations since joining in 2014. We sincerely thank Brice for his efforts and wish him all the best for the future.”

Dr. Roland Fischer said: “Oerlikon enjoys an excellent reputation in the industry, for its engineering, innovations and customer relationships. It has exceptional technologies, leading positions in key growth markets and a promising strategy. I look forward to leading Oerlikon into a new era and to working in a fascinating and future-oriented business.”

Change in the Board of Directors

The Board of Directors of Oerlikon announced that at its upcoming Annual General Meeting of Shareholders (AGM), taking place on April 5, 2016, it will be proposing to the shareholders to re-elect Gerhard Pegam, Prof. Dr. Michael Süss and Hans Ziegler. Dr. Mary Gresens, Mikhail Lifshitz and Johan van de Steen have decided not to stand for re-election. The Board of Directors thanks these Board Members for their valuable contributions to Oerlikon. The new candidates, who will be nominated for election to the Oerlikon Board of Directors, will be announced with the invitation to the AGM.

Posted March 1, 2016

Source: Oerlikon

 

Teijin And Hayashi Telempu’s Jointly Developed High-Performance Soundproof Material Selected for 2016 Toyota Prius

TOKYO — March 1, 2016 — Teijin Ltd. and Hayashi Telempu Corp. announced today that Hayashi Telempu’s V-Wave™ soundproof material made with Teijin’s V-Lap™ nonwoven polyester fabric has been selected as soundproof material for the 2016 Toyota Prius, which launched in Japan in December 2015.

Nonwoven structure with vertically oriented fibers of V-Lap enables V-Wave to perform every bit as well as conventional soundproof material, yet weighs only half as much. V-Lap is also an environmentally friendly because it is made with recycled polyester.

As environmental regulations become increasingly strict worldwide, there are growing demands for solutions that help to improve vehicle fuel efficiency, including weight reduction. Teijin and Hayashi Telempu are also using V-Lap and V-Wave to develop other lightweight sound-absorption auto parts, such as for ceilings and doors.

V-Lap and V-Wave are mutually produced in contiguous factories located in Gifu Prefecture, Japan.

About V-Lap™

V-Lap is a nonwoven fabric comprising fibers that are oriented vertically (upward). It is made with a unique manufacturing method to produce a structure that is bulky,lightweight and easy to mold. V-Lap was first utilized as a cushioning material foritems such as bedding, and now its superior sound-absorbing property has led to itsuse as a soundproofing material for vehicles. Teijin is also developing V-Lap as aheat-insulating material for next-generation houses and as a super-lightweight ceiling material. As a nonwoven product, V-Lap can be bonded to other films through composite fabrication.
About V-Lap Plant

Teijin’s Nonwoven Fabric Plant, which is located on the premises of Toho Tenax’s Ibigawa Plant in Gifu Prefecture, began operating in January 2015.

About V-Wave™

V-Wave™, a lightweight, high-performance soundproof material manufactured and supplied by Hayashi Telempu, is made with Teijin’s V-Lap™ nonwoven fabric fiber to reduce weight to only half that of conventional soundproofing materials. It was first introduced as a sound-absorbing material for vehicle floors in 2012 and is currently used in automobiles worldwide.

About V-Wave™ Plant

Hayashi Telempu’s Oogaki Plant, also located on the premises of Toho Tenax’s Ibigawa Plant in Gifu Prefecture, began operating in November 2015.

Posted March 1, 2016

Source:  Teijin Group

Apparelsourcing Paris, Avantex Paris And Shawls & Scarves Paris – The Accessories Showcase, Texworld Paris

PARIS — February 29, 2016 — The trade fairs in the Texworld constellation are staying on course in an atmosphere of heightened security which is doing little to encourage international travel.

Avanprint Paris was successful, arousing lively interest in the highly-relevant solutions being contributed to the industry by digital printing.

The political upheavals which affected major international events in Paris also had an effect on the results of the Texworld series of trade fairs, which suffered a 7% drop in visitor numbers, reaching a total of 12 684 visitors.

Asian, and to a lesser extent American, visitors, sensitive about the security rules issued by major fashion groups, were less in evidence at this event: down 8% in the case of the USA, and 18% for Asia as a whole.

Michael Scherpe, CEO of Messe Frankfurt France, nevertheless commented: “Business did not suffer at all. We expected this situation, but we thought that it could also interfere with contracts concluded at the fairs. The opposite happened, to our great surprise. The fairs kept up their visitor numbers, namely the customers and quality market players who make our business so dynamic.”

European countries and Russia balanced out the losses.
For the second time in a row, France recorded a rise of almost 5% (compared to September 2015).
The Netherlands and Belgium came back in great form, up 17% and 10% respectively.
Eastern Europe was not to be outdone, with an extraordinary showing by Russia at +42%, and by Poland, which came in at +8%.
Finally, Spain. a major ready-to-wear country, generated a 10% increase in visitors, which was greatly appreciated by the exhibitors at the various fairs.
“I was delighted to see that some countries, such as Spain and the Netherlands, have recovered their strength and are indisputably contributing to the strong economic performance of the fairs. I am pleased to confirm that the Russians have discovered the current Asian offer, so relevant to them, at our Parisian trade fairs,” added Michael Scherpe, CEO of Messe Frankfurt France.
It should be noted that the continent of Africa, with a score of +5% and led by countries specialising in short-cycle work (Morocco up 30% and Tunisia up 16%), is also displaying great synergy between textile businesses and garment manufacturing, which are at the heart of the Messe Frankfurt France range of trade fairs.

TEXWORLD PARIS

The new, very clear sectoral divisions, benefiting a search by materials, were well received. The generally more elegant, bright and airy layout enabling the 658 exhibitors from 22 countries to be shown at their best was also noticed and much appreciated, and was a real boon for the visiting purchasers. The general move upmarket by the fabric collections was also surprising and inspiring.

Overall, the atmosphere was more than positive, despite some exhibitors noticing a decrease in the usual number of visitors, and exhibitors were able to showcase new labels, with extremely convincing results. The February 2016 event was dominated by commercial discoveries and opportunities. This was confirmed by Dennis Van Os, a sales representative for the cotton specialist Noteboom Textiles (Netherlands), who said: “A very good business atmosphere with very good meetings with both regular and new clients”, and by Huan Wang, of Conco Textiles (Harbin), whose stand showing linen and hemp was consistently popular. “The outcome of our first attendance at Texworld was better that we had hoped. It was extremely positive. We met many visitors, from both the luxury and the mass market sectors, who were very interested in what we had to offer and were not at all pretentious!”

APPARELSOURCING PARIS

The range of the Moroccan short-cycle experts attending the fair for the first time resonated with visitors. The casualwear attracted not only loyal customers but also brands on a scale which they would not find anywhere else. Abderrahman Atfi, Manager, International Development Centre, Moroccan Textile and Apparel Manufacturers Association (Amith), expressed his satisfaction with attendance at Apparelsourcing: “A very professional, positive, diverse trade fair, allowing us to develop visitors’ projects more quickly by interacting with other exhibitors.” Great satisfaction felt by all the exhibitors at the Apparelsourcing fair overcame some initial scepticism.

Overall, the feeling that the trade fair had been commercially advantageous and beneficial in terms of development opportunities predominated amongst the 230 exhibitors from 13 countries. For example, Eliott Fres of the knitwear company Gérard Fres said, “Apparelsourcing is an invaluable trade fair and a real pleasure. Apart [Attirez l’attention du lecteur avec une citation du document ou utilisez cet espace pour mettre en valeur un point clé. Pour placer cette zone de texte n’importe où sur la page, faites-la simplement glisser.]
from my regular clients whom I met, I have also made plenty of new contacts.”

A general comment – the visitors were all true professionals, skilled in their field, and with a keen fashion sense.
The announcement during the fair by François Girbaud of a collaboration with Naveena, the Pakistani denim producer, is a perfect illustration of this meeting of major industrial creative specialists, which is one of the prime purposes of Europe’s number one trade fair for global garment sourcing.

Shawls&Scarves – the Accessories Showcase, created the same buzz as Apparelsourcing for its 24 exhibitors, revealing itself to be a serious, constructive and meaningful business platform for the exhibitors, who were very satisfied, not least with their new contacts.

AVANPRINT PARIS

The initial event of this trade fair dedicated to cutting-edge digital printing technology was a great success. The proof: the fair stood out because of the sale of two digital printers, one to industry and one to a label. The ten or so exhibitors from Germany, France, Italy, the Netherlands and Switzerland, with a particular orientation towards exclusive and bespoke collections of fabrics, attracted a host of brands very interested in innovative, reactive and creative solutions provided by digital printing, which is where the future lies. “New contacts, new clients who are not seen at the other shows we usually attend”, explains Olivier Luedtke, the European Marketing Director of Kornit Digital. “Our printing methods caught the attention of visitors who were discovering these state-of-the-art machines. The question of changing over from traditional to digital printing kept coming up. Avanprint proved to be inspirational and innovative, and opened up new commercial horizons.” Andrea Barbiani, the marking director of MS Printing Solutions, added “a surprise, in the positive sense, and one which has to be repeated”.

Avanprint turned out to be in total synergy with the other trade fairs in the Texworld constellation, providing highly-specific solutions to deadlines, supply and added-value service to visitors due to the wide range of its immediate creative applications.

AVANTEX PARIS

The second Avantex event, which combined technology, textile R&D and the fashion ecosystem, was very lively in February, continuing in the same successful vein as in September. It formed a meeting point for specialists in functional fabrics and state-of-the-art technology, mainly from Taiwan, but also China, Thailand and Korea, and including the ENSAIT/GEMTEX laboratory (France) and the French federation La Fashiontech, whose members are stakeholders in innovative, sustainable fashion. There was no lack of curiosity. The visitors came back of their own accord to see the season’s innovations. Research into added-value products contributed by new techniques such as connectivity. LEDs, heating elements and multi-functional fabrics attracted brands from across the spectrum, from ready-to-wear to accessories.

The ten or so exhibitors who attended well understood the importance of seasonal exhibiting, as visitor expectations are themselves seasonal, and again sensed the particular buzz around the future and the promise of fashion more in step with the times. Ravene Lee, marketing manager at Everest Textile (Thailand) Co., Ltd, a major specialist in fibres and eclectic fabrics, sums up this impression in just three words: “commercial, useful and ethical”.

Avantex is positioning itself as the fashion-friendly technical R&D trade fair. This event also saw the birth of two partnerships, one in the form of an exchange of selective information at interdisciplinary seminars with the Dornbirn Man-Made Fibers Institute (Austria) and the other highly creative, with the French Federation of Couture Creation Custom – Paris.

These four days of professional meetings in the global garment and textile industry were punctuated by seminars on what’s new stylistically and economically in the industry and fashion shows highlighting the skills of exhibitor countries and guest designers.

Posted March 1, 2016

Source: Messe Frankfurt

Emerald Specialty Polymers Introduces Nychem® Poly4000 latex

CUYAHOGA FALLS, Ohio — February 29, 2016 — Emerald Specialty Polymers, a business group of Emerald Performance Materials, has introduced Nychem® Poly4000 latex, a specialized waterborne, polybutadiene homopolymer for plastics impact modification and specialty adhesives.

The new product is the latest addition to the group’s line of Nychem latex emulsions and further expands the range of offerings into new application areas. Nychem Poly4000 is the softest polymer in the product line and can be used to modify the impact resistance of more brittle engineered thermoplastics, a new end-use application, and enhance low-temperature performance in applications such as adhesives.

Historically, Nychem® products have been used as saturants and in specialty coatings to improve the strength, abrasion and chemical resistance, as well as other performance characteristics of paper, non-woven and textile and industrial coatings. The company also provides the well-known line of Hypro® 100% reactive liquid polymers (RLPs) to enhance toughening and impact resistance of thermoset systems that are often used in structural adhesives, high-performance composites and industrial maintenance coatings.

“In the new plastics modification application, Nychem® Poly4000 acts similar to a shock absorber when used in a matrix of a more brittle polymer, diffusing stresses that can lead to cracking and failure. The latex may also be used to produce a core shell polymer,” said Dr. Jeffrey Mathys, R&D manager, Emerald Specialty Polymers. “For these applications, Nychem Poly4000 was optimized with a consistent particle size for greater control and latitude in engineering the polymer.”

Once impact-modified polymers have been synthesized with a Nychem Poly4000 butadiene rubber core, manufacturers can incorporate these materials into end uses such as thermoplastic elastomers, impact resistant plastics, hydrogels and other high-impact end uses. Nychem Poly4000 is also suitable for use in transparent materials.

According to Mathys, Emerald Specialty Polymers will continue to work with customers to explore and refine polymer properties using the business’s pilot-scale plant that was installed in 2013 at its ISO 9001-certified facility in Akron, Ohio. This will allow the group to continue tailoring the performance of Nychem Poly4000 for the needs of specific end uses, including specialty latex adhesives, which must exhibit characteristics such as high adhesive strength, low- temperature performance, oil and solvent resistance, and good adhesion to various substrates common to applications such as construction.

Emerald’s Nychem® specialty emulsions are used in a variety of industrial applications, including paper, abrasives, tape, adhesives, specialty coatings, coated fabrics, coal tar sealing binders and leather. For many decades, the line was sold under the Hycar® brand, which was one of the first synthetic latex offerings, known for its quality and superior technology foundation. Emerald rebranded the product line following the divestiture of the business from its predecessor company.

Today, Nychem products include nitrile, SB and ABS latex emulsions that provide a combination of properties superior to other polymers and that perform well in tough end-use environments. They offer superior grease, oil, fat and solvent resistance. They are also abrasion- and caustic-resistant, yet soft, elastic and resilient. Their performance features can be further enhanced through vulcanization and, in some cases, cross-linked through heat-reactive or carboxyl functional groups present in certain products.

Posted February 29, 2016

Source: Emerald Specialty Polymers

Indorama Ventures And Dhunseri Form Joint Venture In India

BANGKOK, Thailand — February 29, 2016 — Thailand’s Indorama Ventures Public Co. Ltd. (IVL) and India’s Dhunseri Petrochem Ltd. (Dhunseri) have agreed to enter into an equal joint venture to manufacture and sell polyester (PET) resins for Indian domestic markets and for exports. Dhunseri will purchase a 50-percent stake in the 216,000 tonne Micro Polypet Pvt. Ltd. (MicroPet), a company owned by Indorama Ventures in the North Indian State, Haryana. IVL in turn will acquire a 50-percent stake in a carved out entity, called Haldia, of Dhunseri, with an effective capacity of 480,000 tonnes PET manufacturing located in the eastern state of West Bengal. The JV is subject to regulatory approvals and expected to complete in H2 2016.

PET usage per head is just 0.6 KG per annum in India compared to 2.6 KG per annum in China and 10.9 KG per annum in the United States.  This joint venture is a win-win for both producers with 700,000 tonne/annum of combined capacity in the strongest growth market having a population in excess of a billion people, as well as having favorable trade agreements with logistically advantaged countries in the region. The joint venture will gain significant synergy benefits being the sole producer of PET Resin in North and East India and with both sites being effectively integrated with third party PTA suppliers, which will bring savings in SG&A and procurement. IVL’s global market reach and high utilization rates are expected to supplement Haldia’s location benefit at Eastern India’s largest port while MicroPet enjoys a strong location advantage in the high-demand territory of North India.

Aloke Lohia, group CEO and founder of IVL, said, “This joint venture will allow us to gain the highest benefits by covering a larger geographical area of the fast-growing India market with a complementary and experienced partner. India has a well-educated and booming middle class that will embrace the modern, hygienic lifestyle offered by PET packaging.”

C. K. Dhanuka, chairman of Dhunseri, said, “Dhunseri believes that coming years will bring opportunities for expansion in the Petrochem sector and this joint venture will bring scale benefits to all stakeholders. The Indian JV between both the organizations will benefit from IVL’s global presence and technological leadership.”

Posted February 29, 2016

Source: IVL

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