ALOK Masterbatches wins 2019 Golden Peacock Eco-Innovation Award

ALOK’s UvNox additive makes mulch films 40% cheaper

612
Caption: RV Deshpande, Minister for Revenue & Skill Development, Government of Karnataka and Lt. Gen. JS Ahluwalia, PVSM (retd.), president, Institute Of Directors presented the award to Vikram Bhadauria at the IoD Golden Peacock's 21st World Congress on Environment Management and Climate Change and Awards ceremony in Bengaluru. ALOK shared this honor alongside reputed companies such as TATA Steel, Hyundai Motors, TATA Motors, JK Cement, Godrej Industries and GSK.
Caption: RV Deshpande, Minister for Revenue & Skill Development, Government of Karnataka and Lt. Gen. JS Ahluwalia, PVSM (retd.), president, Institute Of Directors presented the award to Vikram Bhadauria at the IoD Golden Peacock's 21st World Congress on Environment Management and Climate Change and Awards ceremony in Bengaluru. ALOK shared this honor alongside reputed companies such as TATA Steel, Hyundai Motors, TATA Motors, JK Cement, Godrej Industries and GSK.

ALOK Masterbatches, India’s leading masterbatch producer, was conferred the coveted ‘Golden Peacock Eco-Innovation Award’ for UVNox Mulch. UVNox Mulch is an indigenously developed additive solution that has made a proven contribution to India’s agriculture economy by increasing the efficiency of agricultural practices by farmers using mulch films.

UvNox Mulch was developed at the state-of-the-art ALOK Technology Incubation Centre (ATIC), which is an innovation center and platform for co-creating solutions with customers for future needs of the industry. Due to its material durability, pesticide- and agrochemical-resistant properties, UvNox Mulch films are significantly more long-lasting in the field, in comparison with conventional mulch films.

According to the government’s Department of Agriculture Cooperation & Farmers Welfare, the use of plastic mulch films can save water usage up to 40-60% and reduce dependency on fertilizers by up to 20-25%. Aligned to the government’s flagship ‘Make in India’ and ‘Doubling Farmer’s Income by 2022’ initiatives, ALOK Masterbatches worked towards developing affordable and sustainable alternatives for the Indian mulch film industry, which was struggling to make durable and low-cost products for Indian farmers.

Speaking about the award, Vikram Bhadauria, managing director, ALOK said, “As we celebrate our 25-year journey this year, we are elated to receive this honor from the Institute of Directors. This award not only reaffirms our innovation excellence in the industry but also motivates us to further collaborate with our customers to make plastics safer, affordable and sustainable.”

The IoD Golden Peacock Award was instituted to recognize and celebrate visionary enterprises across industry segments and are regarded as a benchmark of Corporate Excellence worldwide. The process for determining the top awards and the list of top innovative companies involves a transparent and 3-tier evaluation process, based on internationally recognized criteria. ALOK was selected from over 350+ applications that were submitted this year.

Delhi-headquartered ALOK Masterbatches is India’s leading masterbatch producer, co-creating innovative, reliable and high-quality solutions for the plastics industry. It offers one of the largest additive masterbatch portfolios in the country, with more than 5000 MBs – including calcium carbonate, filler and color masterbatches.

With over 380 employees, a robust distribution network and world-class manufacturing plants, ALOK caters to both the domestic market as well as 30 export markets across the world. With six strategically positioned manufacturing facilities spread across the country, it has an installed capacity of 130,000 MT. The company has a JV in Paraguay – ‘Carmenta’ – providing solutions for construction, agriculture, packaging and other industrial solutions.

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia.is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here