The polyethylene terephthalate (PET) preform market is expected to develop at a CAGR of over 16 percent during the next decade. The major factor driving the growth of the pet preform market is the increasing demand from the food & beverage segment. Moreover, the carbonated soft drinks, juices & packaged drinking water segments is expected to be driving the market further due to its high demand across the globe.
Pet Preform products are extensively used in the packaging of carbonated soft drinks, juices, drinking water and pharmaceutical segment as it is a transparent, solid, hard, and dimensionally stable material and is more durable for transporatation as compared to glass bottles. It is impervious to water, gas, and all chemical compounds. Increased consumption of carbonated and other beverages is further predicted to propel the market.
Eastern Plastix provides multiple preform varieties for the requirements in the mineral water, hot-fill (juice), carbonated soft drinks (CSD), liquor, and other niche segments like oil and rose water
Eastern Plastix, established in 2012, is a leading manufacturer of PET Preforms and is one of the top five manufacturers in Tamil Nadu. The company provides multiple preform varieties for
the requirements in the Mineral Water, Hot-fill (Juice), Carbonated Soft Drinks (CSD), Liquor, and other niche segments like Oil and Rose Water.
The food and beverages industry in India is a very cost-sensitive market for the end-user, so the company makes sure that their products are very cost-effective and thereby helps its customers to become very competitive in terms of product pricing. The company has built its customer base completely through quality product supply.
As plastics are non-biodegradable, its disposal has always been a problem. This is an environmental issue as waste plastic bottles are difficult to biodegrade and involve processes to recycle. In regards to this, the company is always complying with the government norms and manufactures only recyclable plastics and packaging products.
“We are genuinely committed to the quality of all products that we supply. At the end of the day, these products should be consumable by our own family members and kids. We use high-quality resins because the quality of the resins determines the clarity and strength of the end product, the bottles," says C.Kalaiselvan, Director, Eastern Plastix.
Elavazhagan, Partner
Since inception, the company has grown multifold in terms of installed capacity & projected capacity. The company had started the factory with an installed capacity of 600MT/year and now it has increased to 3500MT/year with four machines (Toshiba & Ferromatik Milacron machines) located in Chennai and Pondicherry. The company has tied-up with other companies to further manufacture up to 100MT/ month of PET Resins through job work as the company is looking forward to entering other segments like jars and pharmaceuticals.
“We are genuinely committed to the quality of all products that we supply”
There have been trials carried-out to pack milk and even tender coconut in PET bottles, which opens-up a whole new avenue for growth for the company. The company will be setting-up expansion processes to manufacture these additional quantities in-house, thereby pushing to have an installed capacity of over 7500MT/year by the end of FY 22-23. Moreover, the company is keenly looking forward to being one of the top three companies in Tamil Nadu. In the long run, the company aspires to get listed in the stock market and reach a turnover of Rs. 150 crores by FY 26-27.
.jpg "Artificial Intelligence to Revolutionize Advanced Chip Design")
