Milacron Marks Milestone in India - Milacron Delivers 10,001st Indian Made Injection Molding


CINNCINATI – Milacron Holdings Corp. (NYSE: MCRN), a leading industrial technology company serving the plastics processing industry, announced today the delivery of the 10,001st injection molding machine from the Ahmedabad, India manufacturing facility.



Milacron’s CEO, Tom Goeke stated, “This is a significant milestone in our India based operations. India continues to be a global plastics processing powerhouse. A number of analysts predict that by 2020 India will be 2nd to only China in the global polymer processing market.” Goeke detailed the importance of the Indian market to Milacron, “Milacron places great importance in the Indian market and we’re uniquely equipped to serve it in ways our competition simply cannot with our ability to deliver the entire spectrum of services to the plastics industry.”



On September 2, 2015, Milacron’s manufacturing team in India presented its 10,001st India manufactured injection molding machine. The Milacron Hydron Servo 150 machine was presented to Mr. Ghisulal Rathod, Chairman, of Cello Group by Ron Krisanda, Milacron’s Chief Operating Officer, Advanced Plastic Processing Technologies at the Vatva, Ahmedabad facility.



Mr. Rathod expressed great satisfaction with the 18-year relationship between Cello Group and Milacron. Rathod commented, “This relationship is based on mutual benefits and progressive growth, and has resulted in Milacron supplying more than 200 injection molding machines to various factories of Cello Group in India and Africa.” He further added, “Technology and great service are pillars in the foundation of success for any organization and Milacron embodies these traits at its core.”



At the function, Ron Krisanda thanked Cello Group for their unwavering support of Milacron, “India is poised for quantum growth. Milacron’s Indian operations currently have the top market share in the region, and position us well to expand globally.”



Milacron’s Managing Director in India, Shirish Divigi, went on to discuss Milacron’s plans to expand the company’s service offerings in the region, “Milacron has an aggressive growth plan for the future. We plan to introduce new value added products and services. Milacron is focused on strengthening its team to provide faster response times. We plan to station Service Engineers closer to the customers' operations. Our primary goal is to provide complete life cycle support and management services to our customers.”



To meet the increasing demand in India and support existing customers, Milacron’s Vatva, Ahmedabad facility will complete its current expansion project (announced August 21st, 2014) on January 1st, 2016. The expansion will allow Milacron to increase its annual output of 1,500 injection and blow molding machines to 2,100 machines per annum, a 40% increase.



Milacron continues to solidify its position as the leading manufacturer of injection and blow molding machines in the Indian region.



Link to high res photos: https://www.dropbox.com/sh/ur1cj3fjtw4qexl/AAC95omCO6M0eKXNuJY6mZtza?dl=0.



About Milacron

Milacron is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the plastic technology, processing and metal working fluids sectors. 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.



Contacts

Milacron

Michael Ellis

905-877-0185 ext. 354

Michael_Ellis@milacron.com



Source: Milacron

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