Time Techno­plast gets ‘ac­cu­mu­late’

The Asian Age - - Money -

Time Techno­plast has 20 pro­duc­tion sites across In­dia and all of these fa­cil­i­ties are within 250 km ra­dius from client. The com­pany has a 70 per cent mar­ket share in In­dia in plas­tic drums. The man­age­ment re­flected op­ti­mism in the de­mand sce­nario on ac­count of the on­go­ing shift in man­u­fac­tur­ing of chem­i­cals from de­vel­oped coun­tries to In­dia. The man­age­ment’s strat­egy is to iden­tify po­ten­tial re­place­ment of metal prod­ucts with poly­mer ones, given the sig­nif­i­cant cost and dura­bil­ity ad­van­tages. It has started with of­fer­ing a poly­mer­based al­ter­na­tive to metal drums fol­lowed by metal cylin­ders and pipes. It is now eye­ing the auto com­po­nent space for its poly­mer prod­ucts. The com­pany’s over­seas busi­ness, which ac­counts for 30 per cent of sales is grow­ing at a ro­bust pace of 20 per cent. More­over, the com­pany claims to have a mar­ket lead­er­ship in most of its over­seas ge­ogra­phies.

Broking firm: Ko­tak Se­cu­ri­ties Rat­ing: Ac­cu­mu­late Clos­ing price: `193.75

The slow­down in In­dia’s growth is an ‘aber­ra­tion’ and due to a tem­po­rary dis­rup­tion — Jim Yong Kim, World Bank pres­i­dent

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