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New Facility in China Opens

Time Tech Group has widened its international presence by starting production facility for Industrial Packaging and Intermediate Bulk Containers (IBC’s) at Tianjin. A Greenfield venture, the unit has state-of-the-art manufacturing facilities to manufacture Industrial packaging- plastic drums and containers (120 to 235 liter capacity), Intermediate Bulk Container (1000 liter).

The products are equipped with modern designs and features suitable for export and domestic packing. The feature packed, GNX IBCs shall also be offered out Tianjin Elan plant to enable customers in Northern Eastern part of China access world’s latest packaging in near proximity at their doorstep.

Going forward, the Time Tech would also further strengthen its position in China by setting up a facility for IBCs in Guangzhou, South China.

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 multinational 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

Communication Group at pr@timetechnoplast.com

Time Tech Expands its reach to Africa

Time Tech Group is expanding its international presence by setting up a Green field project at Ataka, Egypt for Industrial packaging. A State-of-the-art manufacturing unit for manufacturing Industrial packaging is being set up at Ataka under the name NILE EGYPT PLASTECH S.A.E

NILE EGYPT PLASTECH S.A.E shall offer the latest packaging drums & containers from 120 to 235 liters capacity, both in Narrow Mouth and Tight Head variants along with Jerrycans, Pails & Medium packaging.

The Ataka facility is strategically positioned being closer to the Suez Canal port, a Egyptian Red Sea coast a fast developing port which allows easy and faster access.

The project work is progressing fast to commence the manufacturing of State-of-the-art plant with unique product features is expected to be rolled out by the mid of October.

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

Communication Group at pr@timetechnoplast.com

Time Tech Expands its presence in the Middle East

In addition to the current production facility at Sharjah, Time Tech Group Company – Gulf Powerbeat expands its activity in industrial packaging at its Bahrain facility.

Gulf Powerbeat shall offer the latest packaging - drums and containers from 120 to 235 liter capacity, both in Narrow Mouth and Tight Head variants. In addition, Gulf Powerbeat shall offer Jerrycans and medium size containers from this unit.

The Bahrain facility is uniquely positioned as a low cost economical port with connecting causeway to kingdom of Saudi Arabia which allows easy and faster access to growing demand for industrial packaging in the kingdom.

Time Tech Expands its presence in the Middle East

The project work also is progressing fast to commence the manufacturing of first Intermediate Bulk Containers (IBC) facility in the Middle East. The state-of-the - art plant with unique product features is expected to be rolled out by the first half of september.This will allow all prospective customers in the kingdom of Saudi Arabia, UAE, Oman, Kuwait etc. to procure the IBCs at their doorstep.

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

Communication Group at pr@timetechnoplast.com

YPA (Thailand) Ltd. Recently commenced the production for Entrance Mattings, Artificial Turf for indoor and outdoor application, and Mats for Pet care and Spray Suppression System etc. at its Chonburi facility in Thailand. The production capacity is added through a new state-of-art plant equipped with advanced features for producing Turf for exacting requirements.

Reputed brands of AstroTurf Mattings and Clearpass Spray Suppression System shall now be available from this facility in Thailand. It would allow TimeTech to strengthen their Artificial Turf and Spray Suppression System business which is already established well across Europe and India through their manufacturing facilities in Romania and India. YPA would be able to leverage on the strong brands and rich experience of TimeTech group.

Time Technoplast Ltd. (TimeTech) is a leading polymer product Multinational Company with operations in India, UAE, Bahrain, Thailand, Poland, Romania, Taiwan and new ventures in China, South Korea, Egypt, Czech Republic and Indonesia. The company caters to business segments which include industrial packaging, lifestyle, automotive, composite cylinders, material handling, healthcare and infrastructure.

TimeTech is a large manufacturer of big size drums and also has experience in varied rigid industrial packaging products including tight head drums, open top drums, wide mouth drums, composite cylinders, jerrycans, plastic pails and even metal and composite drums. Product range also includes 1000 litre IBC systems and returnable packaging.

TimeTech group operates more than 40 production facilities in 8 countries and is recognized for its innovative plastic products.

For More information, please contact

Raghupathy Thyagarajan (Director - Marketing) - Time Technoplast Ltd.
Tel : (022) 4211 9517 / 18
Email : rt@timetechnoplast.com
Address : 102, Todi Complex, 35 Saki Vihar Road, Andheri (E), Mumbai - 400 072.
     
Certificate : EC-Type-Examination acc. to Directive 99/36/EC


Brussels, Belgium - Aug 20, 2010 : Time Technoplast Ltd. (TimeTech) - a highly diversified technology based polymer product Indian Company has entered into an agreement to make another overseas acquisition - Plastic Product Division of Solutia Inc., in Europe. Through this acquisition TimeTech gets proprietary technology and know-how for manufacture of number of high tech products including AstroTurf and Clear Pass in the space of Entrance Mattings, Artificial Turf for indoor and outdoor application, Mats for Pet care, Incubator and Spray Suppression, etc.

TimeTech acquires fully operational state-of-art production facility in Romania (recently shifted from Belgium), Marketing & Distribution set up head quartered at Brussels (Belgium) and well organized distribution network across the world. Importantly this acquisition brings to TimeTech internationally renowned brands ‘AstroTurf’ and ‘Clear Pass’ for across the globe (other than North America).

"It would allow TimeTech to integrate their Artificial Turf, Matting and Spray Suppression System in India and Europe to leverage on strong brands and global distribution network"- said Anil Jain, Managing Director, TimeTech.

"It is a great business but does not quite fit well with Solutia's other core businesses" - said Melissa Zona, Senior Manager, Corporate Communications, Solutia Inc., USA.

About Time Technoplast

TimeTech - a multinational Company based in India is a leading technology based innovative polymer product company with manufacturing facilities across India, UAE, Thailand, Poland, Bahrain and Czech Republic. It caters to diverse segments of Industrial Packaging, Lifestyle, Healthcare, Auto Components and Infrastructural products. It has well established brands across the product segments with strong marketing and distribution network.

About Solutia Inc.

Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,300 employees in more than 50 worldwide locations with an annual Revenue of approximate $2 billion.

For further information, please contact

Raghupathy Thyagarajan (Director - Marketing) - Time Technoplast Ltd.
Tel : (022) 4211 9517 / 18
Email : rt@timetechnoplast.com

Mumbai, June 05, 2009 : Time Technoplast Ltd., (TimeTech), a leading technology driven polymer manufacturer announces a joint venture with Netherland Headquartered Schoeller Alibert 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 and transport costs. These products will provide long term operational benefits, maximum efficiency and protection, optimum space utilization, create better logist and supply chain.

The initial production facilities are proposed to be set up in Silvassa (Western region) and Pantnagar (Northern region). In the second phase two new production facilities shall be set up in Chennai (Southern region) and Kolkata (Eastern region). This joint venture seeks to fill in the existing gap and offer Indian users state-of-art products of international design, quality and standards.

Commenting at the launch conference, Mr. Anil Jain - Managing Director, Time Technoplast Ltd., said, "We recognize that the material handling systems need to undergo revolutionary changes to make Indian industry more efficient and cost effective. We seek to combine our partners’ technical capabilities, experience and global relationships together with our multi-locational low cost production facilities, expertise, strong marketing and distribution network across the country to help this JV tap into huge business opportunities".

Mr. Erik de Bokx - Chief Executive Officer, Schoeller Alibert Systems added, “We are very excited about growth prospects in Asia and more particularly in India. We are confident that our products and customized solutions in materials handling shall meet most demanding applications in India. We make long term commitment to the Indian users through this JV and would help them transit seamlessly to the new age material handling methods and systems.

About Time Technoplast

Time Technoplast (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 multinational 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.

About Schoeller Alibert Systems

Schoeller Alibert Systems (www.schoellerarcasystems.com) are the global market leaders in Returnable Packaging solutions for material handling products and systems such as small and large foldable containers, pallets, crates etc for distribution, storage and retail display across user segments like retail, automotive, agriculture, processed food, pharma, FMCG, electronics and logistics. SAS is servicing most demanding needs of its customers through its presence in 50 countries across the world and has strong ongoing relationships with international customers like Ericsson, Pepsi, Coca Cola, Carrefour, Metro, H&M, Wal-Mart, Unilever, Nestle, Heinz, Volvo, VW, Ford, Heineken, etc. just to name a few.

SAS has strong R&D capabilities illustrated by number of patents and international recognitions. Using its in-house designing and product development capabilities, SAS offers specialized material handling solutions to meet changing needs of its customers. It is no surprise that SAS is by far the global leaders with its next competitor being less than half in size.

For further information, please contact

Ms. Megha Jain - Time Technoplast Ltd.   Mr. Aryan Rana - Adfactors PR Pvt. Ltd.
Tel : (022) 2803 9999
Email : megha@timetechnoplast.com
Tel : (022) 2281 3565
Fax : aryan.rana@adfactorsspr.com

Time Technoplast Ltd (TTL) announces acquisition of 100% shareholding in Gulf Powerbeat WLL (GPW), Kingdom of Bahrain - through its subsidiary (71%) NED Energy Ltd (NED), Hyderabad. GPW has state-of-art production facility at South Alba Industrial Area, Manama, Bahrain for manufacture of high quality long life batteries. It is currently owned by a reputed business family of UAE who offered to disinvest in battery business to remain focused on their large size projects in the area of finance and real estate, etc.

TTL entered into the battery business early this year through acquisition of NED Energy Ltd - Hyderabad based company, manufacturing Valve Regulated Lead Acid (VRLA) batteries mainly for high growth telecom sector. NED has successively increased its capacity in FY '07 and FY '08 (present day capacity 100 mn AH) and is completely sold out on its present capacity.

To meet the huge demand of its products and to further bring new products for the fast growing automotive sector, NED is tripling its present capacity from 100 mn AH to 300 mn AH through project expansion at Jammu (J&K) which is expected to come on stream by Q2 - FY'09. This acquisition of GPW shall provide NED 'ready to use' capacity which could be integrated fully with NED's operation in next 3 months.

GPW, Bahrain has installed capacity for telecom / automotive batteries of up to 150 mn AH with surplus capacity to produce vital battery components (grids and lead plates) of additional 250 mn AH. NED plans to tap GCC market for automotive batteries and bring additional components into India to augment the capacity of its Hyderabad plant from 100 mn AH to 200 mn AH in the first phase.

The total investment in Bahrain project is estimated at US$ 10 mn over next 3 years and shall be financed through a mix of equity contribution from NED and overseas debts.

About Time Technoplast Limited - TIME is a leading technology based, innovative polymer product company, servicing growth sectors of Indian economy such as Packaging, Lifestyle, Healthcare, Automotive & Infrastructure Products. Mumbai based TIME is a listed entity on BSE and NSE (public issue in May '07) and had recorded a turnover of Rs. 4.569 billion in FY '07. The Company is undertaking business expansion both in India and overseas in chosen verticals with special focus on healthcare and auto components.

About NED Energy Limited - Promoted by a group of Technocrats, NED commenced operations in 2001 at Hyderabad, for manufacture of high technology Valve Regulated Lead Acid (VRLA) batteries for industrial and automotive applications. Working closely with India's premier institutions; Indian Institute of Science (IISC), Bangalore and Central Electrochemical Research Institute (CECRI), Karaikudi, NED has designed, developed and innovated corrosion resistant, high performance, long life batteries with much improved energy density and cyclic life most suited for harsh Indian environment - high temperatures and prolonged power failures. Through its association with above premier institutions, NED is in the process of getting 5 patents as co-inventor with an exclusive right for commercial exploitation of these innovations. Besides several accreditation's and approvals, NED has presented well acclaimed technical papers in international journals and won standing ovation for its technologies in the 9th &10th European Lead Acid Battery Conferences at Berlin & Athens respectively NED enjoys quality leadership for its batteries in telecom sector under well established brand 'MAXLIFE' and has been accredited with ISO 9001:2000 and ISO 14001:2004 by TUV Suddeutschland and its products are duly approved by Dept of Telecommunications (DOT), Govt. of India.

NED is currently supplying its products to the top players in Telecom sector such as Bharti Airtel, BSNL, Vodafone, Nokia, Erricson, Idea Cellular, etc.


Mumbai 1st October 2007 - Time Technoplast Ltd (TIME) announces acquisition of 74% share holding in NED Energy Ltd (NED) - closely held company , engaged in manufacture of high technology Valve Regulated Lead Acid (VRLA) batteries based at Hyderabad . Working closely with India's premier institutions; Indian Institute of Science (IISC), Bangalore and Central Electrochemical Research Institute (CECRI), Karaikudi, NED has designed, developed and innovated corrosion resistant, high performance, long life batteries with much improved energy density and cyclic life most suited for harsh Indian environment - high temperatures and prolonged power failures. NED enjoys quality leadership for its batteries in telecom sector under well established brand "MAXLIFE".

NED has been accredited with ISO 9001:2000 and ISO 14001:2004 by TUV Suddeutschland and its products are duly approved by Dept of Telecommunications (DOT), Govt. of India . Whereas NED is currently supplying its products to the top players in Telecom sector, it has made a break through into high performance maintenance free, corrosion resistant VRLA batteries for automotive segment.

TIME is a leading technology based, innovative polymer product company, servicing growth sectors of Indian economy such as Packaging, Lifestyle , Healthcare , Automotive & Infrastructure Products. Mumbai based TIME is a listed entity on BSE and NSE (public issue in May '07) and had recorded a turnover of Rs 4569 mn in FY '07. The Company is engaged in business expansion both in India and overseas in high growth verticals with special focus on healthcare and auto components. Through the acquisition, TIME plans to leverage NED's technology in automotive batteries to achieve significant growth for its well established automotive segment where it enjoys strong relationships with major OEMs as Tier-I supplier.

Promoted by a group of Technocrats, NED commenced their operations in 2001 at Hyderabad facility to produce and supply cost effective, reliable, most advanced technology based batteries for industrial and automotive applications. Over the years NED has developed new processes and products with improved performance and low costs. Through its association with India 's premier institutions IISC and CECRI, NED is in the process of getting 5 patents as co-inventor with an exclusive right for commercial exploitation of these innovations. Besides several accreditations and approvals, NED has presented well acclaimed technical papers in international journals and won standing ovation for its technologies in the 9 th &10 th European Lead Acid Battery Conferences at Berlin & Athens , respectively.

Modern automotive vehicles are now moving from present 'flooded (Acid) batteries' to 'maintenance free VRLA batteries' due to high charge acceptance, safety and high corrosion resistance. NED has designed, developed and fully tested most suited batteries for this application which are ready to be launched shortly. In addition, NED has developed and is ready to commercialize VRLA batteries for EV (Electric Vehicle) and HEV (Hybrid Electric Vehicle) applications which have tremendous export possibilities. NED also sees a huge business potential for its newly developed highly compact, leak proof GEL batteries with long discharge cycle.

NED had successively increased their capacities in FY '07 and '08 ( present day capacity 100 mn AH) and has recorded sustained growth in its financial performance with FY '07 turnover reaching Rs 451 mn with EBIDTA of Rs. 60 mn and Net Profit of Rs. 33 mn. Company is expecting to record substantial growth in its sales and profits in FY '08. Strong Research & Development team at NED is on threshold of developing revolutionary 'Green Batteries' which significantly reduce the quantity of lead and acid used in present day batteries. NED has developed battery grids out of special polymers ( patent obtained) to replace lead, cutting down the weight of the battery by approx 30% and improving its Energy Density (Wh/kg ) by over 25%. "At NED, we strongly believe that in future polymers will largely replace most of the lead currently used in batteries ", said Mr. Gaffoor , Director & COO of NED.

To meet huge surge in demand of its products and to further bring new products for fast growing automotive sector, NED proposes to triple its annual capacity to 300 mn AH with capital outlay of Rs 300 mn which shall be funded by present infusion of equity by TIME, internal accruals and term loan. The expansion is expected to come on stream from Q-2 FY '09.

"NED is poised to grow exponentially and with a strong partner in TIME who shares the same vision and commitment to high growth, NED would be able to realize full potential of its new technologies and products", said Mr. Gautam, Managing Director of NED.

Through the purchase of NED's shares from the present promoters and further subscription to share capital for business expansion, TIME shall acquire 74% holding with balance 26% remaining with the existing promoters who continue to participate in further growth of the company. NED's Enterprise Value is estimated at Rs 650 mn.

"TIME finds strong synergies with NED - both driven by innovation and technology. It has very exciting business in telecom sector which promises huge growth. With the launch of high performance, long life, maintenance free automotive batteries through NED's well established brand, TIME sees multiple growth to its key auto component vertical", said Mr. Anil Jain , Managing Director of TIME.


Really blow out listing for Time Technoplast (TTL), which is engaged in the manufacture and sale of technology based polymer products. It has listed at Rs 489.80, with 55% premium over its offer price of Rs 315 per share and surged to an intraday high of Rs 499 on the back of huge buying support from HNIs and foreign institutional investors. Buyers still supported the stock price above Rs 450, though it touched a low of Rs 420 in the beginning trade.

Source : Moneycontrol.com




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