Milacron Continues to Invest in Fast Growing Indian Market
(CINCINNATI, OH – April 26, 2016) – Milacron Holdings Corp. (NYSE: MCRN), a leading industrial technology company serving the plastics processing industry recently completed another round of expansions to their injection, blow and extrusion molding machine manufacturing facility in Ahmedabad, as well as their hot runner manufacturing facility in Coimbatore.
The completed addition to the Ahmedabad facility added an additional 9304 square meters bringing the total footprint to 65,000 square meters. The additional space will primarily be used for machining and assembly. The ground floor of the facility is air-conditioned and features a state of the art rainwater harvesting and recharging system.
The machine manufacturing facility will enhance manufacturing capabilities and boost Milacron’s production volumes to meet the increasing demand for Milacron’s industry leading injection, blow and extrusion molding machines. Milacron’s India machine plant manufactures a large variety of hydraulic, servo and electric injection molding machines, blow molding, PET, as well as extrusion machines.
Milacron CEO Tom Goeke and Ron Krisanda, COO were on hand for the traditional Indian Pooja inauguration ceremony along with Mahendra Patel, Vice Chairman, Ferromatik India, Shirish Divgi, Managing Director, Ferromatik India and Kannan Venkatraman, Managing Director, Mold-Masters India.
Goeke commented, “The Indian plastic market continues to impress, and Milacron continues to grow alongside it to ensure we’re able to make our customers possibilities a reality.”
Krisanda echoed Goeke’s comments “The Indian injection market continues to outperform estimates and remains a key geographical area of focus for Milacron’s brands.”
Meanwhile in Coimbatore, India, Milacron’s hot runner brand, Mold-Masters, completed a 10,000 square foot expansion in Q2 2015 and have recently added a large brazed furnace, allowing the India operations to manufacture Mold-Masters proprietary iFLOW manifold technology. iFLOW manifolds are an ideal solution for applications requiring balanced fill, fast color changes and complex cavity layouts. Milling the melt channel paths into individual pieces allows for endless melt channel layout possibilities and eliminates the need for manifold plugs. The smooth and gentle corners reduce pressure drop in the manifold, helping to flush colors through the melt channels and provide exceptional fill balance.
Milacron’s impressive growth and commitment to the India market ensures the best possible products and service for its customers in India, the region and the world.
Milacron continues to push the boundaries of possibilities in plastics with breakthrough products from leading brands including Milacron, Mold-Masters, DME, Ferromatik, Uniloy and CIMCOOL.
Link to high res photos: https://www.dropbox.com/sh/kbpbl9x738ltpgy/AACYH9aP94pUNHbXzJoZZNGoa?dl=0
Milacron is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the plastic technology and processing industry. Milacron is the only global company with a full-line product portfolio that includes hot runner systems, injection molding, blow molding and extrusion equipment plus a wide market range of advanced fluid technologies. Visit Milacron at milacron.com
For more information, contact:
Michael Ellis, Milacron
905-877-0185 ext. 354
Mac Jones, 513-487-5057
Director of Investor Relations