Blend Colours, a well-known company in the business of manufacturing masterbatches in India, commenced exports in 2010. The company, in a very short timespan, has expanded its export footprint to over 25 countries with a 35%growth in FY 2015. This growth is testimony to the right blend of product quality, price, delivery and sound business practices that the group has always been known for.
Recognized by the government as an export house, Blend Colours exports a wide range of its products globally which are now used for a range of applications across roto moulding, injection moulding, blow moulding, multi layer and mono layer extrusion, PET fibres and preforms and woven sacks. As a product, the color masterbatches contribute the maximum and as a market,the African countries contribute a healthy 40% with Latin America being the latest addition.
With a recently increased production capacity of 24,000 MTPA, the company is now looking to appoint distributors and traders to achieve its planned growth of 50% in exports for FY 2016. Aggressive marketing, robust support systems and adept technical assistance have been instrumental in the company surpassing its exports targets. The company now plans to extend its commitment by initiating stock and sale inmost promising global markets.
“An elaborate R&D and testing facility allows us the possibility to increase customer comfort by offering a better hand-holding for their applications. R&D set-up has been expanded by incorporating world-class equipments such as DSC, TGA. This will further enhance customer delight. As for exports I see vibrant times ahead for us and for other masterbatch manufacturers as well,”explains Shailesh Lahoti, director of Blend Colours, who is responsible for the company’s export business.
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.
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