Growth Signs for PET Industry in India and World

By and large, the growth prospects for plastic processing industry in India for the period 2014-2015 that the Central Institute of Plastic Engineering and Technology (CIPET) had projected have been achieved. Segment-wise, this forecast had predicted installation of additional 40,800 units of processing machinery:

  • Injection Moulding     –           26,700
  • Blow moulding           –           3,900
  • Extrusion                     –           10,200
  • Total                            –           40,800

Simultaneously, the demand for preform moulds too would have increased manifold. No wonder, delegates at the Conference of PLAST INDIA 2015 held at Gandhinagar in Gujarat in early February this year focussed on technological upgradation in the industry. Thus they discussed advanced materials and Applications for engineering and high temperature applications, technological innovations and emerging new opportunities in the field of packaging. Read more