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TIME TO GROW
MANUFACTURING • TIME TECHNOPLAST, A PACKAGING PARTNER TO MULTINATIONAL COMPANIES, IS TAKING ITS EXPERTISE INTO THE US MARKET THROUGH ITS SUBSIDIARY CORE PLASTECH INTERNATIONAL
TIME TECHNOPLAST, THE industrial packaging arm of the Mumbai-based Time Group, has begun supplying its polymer products to the US market through a newly formed Houston-based subsidiary, Core Plastech International. Its portfolio includes the GNX composite intermediate bulk container (IBC), XL Ring plastics drums, open-head plastics drums and smaller plastics packagings, all UNapproved for use with dangerous goods. In addition to its Houston base, Core Plastech has production facilities in Chicago and in Nashua, Iowa, the latter offering
GROWING AGRICULTURAL PRODUCTION MEANS MORE DEMAND FOR SPECIALISED CONTAINERS
a range of packagings for the chemical industries and also specialised products customised for use with agrochemicals. Time Technoplast believes this is a good time to be in this sector of the market: the agricultural sector, which contributes more than 5 per cent to US GDP, has been growing at up to 4 per cent faster than overall GDP growth. Placing the Nashua production facility right in the heart of the agrarian belt means that Core Plastech will be able to take advantage of healthy demand growth for its specialised packagings. A number of its agrochemicals customers in other parts of the world – it has production facilities in Bahrain, Egypt, India, Indonesia, Malaysia, Sharjah, Thailand, Taiwan and Vietnam – are also active in the US.
NEW AND RENEWED The company will, though, also supply customers in the petrochemicals, foodstuffs, speciality chemicals and pharmaceuticals sectors, among others. Time Technoplast also believes that manufacturers and reconditioners in the US are already familiar with its brand, particularly the GNX IBCs. The same goes for customers, who often receive chemicals in Time Technoplast packagings. Apart from bringing its new packagings to the US market, Time Technoplast has also tied up with well established reconditioning companies in the US to service its customers with sustainable packaging solutions, including refurbished and re-bottled IBCs. Indeed, its GNX composite IBC, which has a special three-ribbed top profile for improved and secured weld contacts, robust corners for high stacking performance and rust-free drip pan, has been designed with reconditioning in mind. An enlarged doghouse area makes the replacement of valves very easy and the plastics pallet, which has separate steel reinforcement, gives better performance and makes recycling of the materials more straightforward. The special GNX model has exceptional sturdy performance, is recycle-friendly, inter-stackable and compatible with its peers, Time Technoplast says. The company’s tighthead drums feature an extended XL ring for easier handling and are available in a range of sizes; they all have two openings sealed with 100 per cent leakproof plugs with gaskets. Time Technoplast’s open-head drums, again in a range of sizes, are optimised for container utilisation and are especially useful for the packaging of powders, semi-solid products and viscous liquids. Time Technoplast has been offering its innovative plastics packaging products to a range of industries for more than 25 years. The company is listed on the Indian stock exchanges and, in the year to 31 March 2020, achieved revenues of more than $475m. coreplastech.com www.timetechnoplast.com
HCB MONTHLY | DECEMBER 2020
