Autotech-Sirmax India Pvt. Ltd. (ASIPL), a JV between Tipco Group & Sirmax SpA, invests INR 90 million and increases its continuous production compounding capacity in latest plant & machinery at its flagship plant in Valsad, GJ, India
Valsad, GJ, 22-Feb-2022 – Autotech-Sirmax announces an increase in its thermoplastics compounding capacity at an investment cost of INR 90 million in modern extrusion plant & machinery at Valsad. The Mumbai-based company is part of Tipco Group. It producesPolypropylene compounds, Engineering Plastics, Long-Glass Fibre Compounds, Bio-Degradable Compounds, Circular Economy Materials, etc. for India & S.E.Asian markets.
Investment in latest high-speed, flexible length, multi-port, mega-torque, Co-rotating Twin Screw Extruders having overall annual capacity of 10,000 MT has increased the company’s installed output to over 45,000 MT. According to company’s marketing director, Mr. Ankur Betai, “These new compounding lines will help us cater to rapidly increasing market demand for high-quality Engineering Thermoplastics (ETP such as Polyamide 6 & 6,6, ABS, Polycarbonate, PC/ABS, PBT, Flame retardant compounds) as well as Polypropylene (PP) Compounds, which have grown by 50% and 26% respectively in the recent months”.
Tipco was established in 1945. It is India’s first plastics raw materials manufacturing company. Tipco was also the first company to begin Polypropylene Compounding in India in 1982 catering to various Automotive OEM’s such as Maruti Suzuki, Honda, Toyota, TATA, etc. In 2018, ASIPL launched the complete range of speciality Engineering Thermoplastics Compounds (ETP) based Sirmax technology for making Polyamides (PA6/PA66/Blends), Polycarbonate (PC), Styrenics (ABS/SAN/HIPS), Polyesters (PBT/PET), Speciality Blends (PC/ABS, PC/PBT, PA/ABS, PPE/PS), POM, PEEK, Electrically & Thermally Conductive
Compounds, Elastomers. Tipco Group was also the first company in India to produce Long Glass Fibre Reinforced Thermoplastics Compounds (LFT) and Carbon Fibre Reinforced Compounds (CFRP) using latest extrusion-pultrusion technology which is successfully substituting metals with LFTs for several sectors. Autotech-Sirmax has recently launched Bio-Degradable Compounds called BioComp® for films & disposable market.
Sirmax Group, with headquarters in Cittadella (Italy), is a leading independent European compounder (and among the top global manufacturers) of Thermoplastics Compounds, Bio Degradable compounds, Elastomers and Circular Economy materials used across all industrial sectors: automotive, household appliances, power tools, household, construction and furniture. Active since the 1960s, it now has 13 production plants: Six in Italy – Cittadella, Tombolo,
sola Vicentina, San Vito Tagliamento, Salsomaggiore Terme, Mellaredo di Pianiga – Two factories in USA, Poland, One in Brazil, & Two in India (Valsad & Palwal). Sirmax has significant market share in Europe, North/South America & Asia. Among its clients are Whirlpool, Bosch-Siemens, Electrolux, Karcher, Philips, Honeywell, ABB, Technogym, Stellantis, Volkswagen Group, Daimler, De’Longhi, Haier, BMW and PSA. In 2020, the Group had a turnover of € 315 million, with 700 people worldwide. Total turnover of Sirmax for the first half of 2021 is € 220 million.
For immediate release
Autotech-Sirmax India Pvt. Ltd.
Raheja Tipco Plaza, Rani Sati Road,
Malad East, Mumbai 400 097 India
Tel: +91 22 4276 2000