in Materials Handling Systems
to launch innovative products
and services for the first time
in India - 05 June, 2009
Time Technoplast Ltd., (TimeTech), a leading technology driven polymer manufacturer announces a joint venture with Netherland Headquartered Schoeller Arca Systems (SAS) to introduce a wide range of plastic Returnable Packaging (RTP) and material handling solutions. The products will be manufactured through the joint venture with an initial investment of € 10 mn and would be available in Indian market before the end of this year. The joint venture will launch a broad range of small and large foldable containers, pallets, crates, etc. This will provide end to end material handling systems to sectors like retail, automotive, agriculture, beverages, processed food, apparels, pharma, FMCG , consumer durables and logistics and help them reduce handling ...
Time Technoplast Limited (TTL) announces the commencement of commercial production at its battery expansion project at Panoli (Gujarat).
In September'08, the company had undertaken a major expansion of its battery operations at Panoli near Ankleshwar (Gujarat), through NED Energy Ltd.(NED), its 71% subsidiary. The said expansion has successfully been completed in record time of six months and the commercial production at the plant commenced w.e.f 28th March, 2009.
The total installed capacity at this location stands at 100 MAHs (with sale value of Rs. 90 crores approx. at current raw material levels). NED has already established its quality leadership for serving the Telecom batteries and would absorb this additional capacity with existing customers.
September 8, 2009
Time Technoplast Ltd’s (TimeTech) joint venture project with Schoeller Arca Systems (SAS) Netherland has secured orders for Rs. 20 crores approx. from a reputed multinational in India for the supply of “Special Packaging Products”.
These products are to be used for packaging critical electronic and telecom components. The Product is proposed to be manufactured at its initial production facility at Silvassa.
The order is to be executed over a period of one year starting from November, 2009.
| Time Technoplast Limited (TimeTech) announces to set up its manufacturing operations in Tianjin Region in China. The company has entered into the Agreement with local Chinese Government earlier this week for necessary land for the Project on long lease basis. The project envisages total investment outlay of upto USD 10.00 Mn appx in the first phase and shall manufacture intermediate Bulk Containers (IBCs) and Packaging Drums. Tianjin located in northeast China is the third largest city & is a major port & industrial city. It has one of the premier fully developed modern Industrial Area equipped with state- of- the- art infrastructure & is a preferred manufacturing destination for many reputed large multinational companies from the worldwide place. |
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