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Time Technoplast Limited announces to set up operations in CHINA

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.

Under the proposed plan for the said project, the operations are expected to commence in Q1 of next Financial Year.

About Time Technoplast

Time Technoplast Ltd (www.timetechnoplast.com) is a leading technology based innovative polymer Product Company. Over the years, TimeTech has emerged as a formidable player in the polymer space with a product repertoire that caters diverse segments like industrial packaging, lifestyle, healthcare, Auto Components and Infrastructure related products. It focuses on replacing metals with polymers in high performance areas using innovation and latest technology. TimeTech services' wide spectrum of user industry in each of its business verticals reducing sectoral risks and tapping new opportunity for growth. TimeTech is Indian multi national with 25 manufacturing facilities across India, UAE, Thailand, Poland and Bahrain. It has well established brands across the product segments and strong marketing & distribution network in India and overseas.

For any information, please contact

Bharat Vagerian (Director Finance) -
Time Technoplast Ltd.
  Atul Gupta (VP Finance & Company Secretary) - Time Technoplast Ltd.
Tel : +91 - 22 - 42119779
Email : bv@timetechnoplast.com
Tel : +91 - 22 - 42119881
Email : atul.gupta@timetechnoplast.com

Encl : Photographs of the Signing in Ceremony in China

Press Release