The plastics injection molding market is one of the fastest growing industries in India with an expected CAGR of more than 3.5 percent during FY 2022- 2027. Currently valued at around 1,34,240 kilo tons in 2021, the Asia-Pacific region currently dominates the plastics injection molding market across the world, with the largest production, consumption and export from countries such as China, South Korea, India and Japan. Plastic injection molding involves the process of melting plastic pellets to produce malleable by-productsand manufacture an array of consumer durables. Some of these products include common plastic items like bottle tops, remote control casings, syringes to large items like car body panels.
Commonly used for the packaging of food and beverage, injection molded plastics market is clocking in massive growth due to increased demand for packaging for cosmetics and toiletries, pharmaceuticals, household chemicals. However, post pandemic international companies & vendors are shifting their dependency on Chinese manufacturers and are looking to develop parts and assemblies in the Indian subcontinent.
Headquartered in Coimbatore, Micro Tech Polymers (MTP) is one of the leading plastic injection molding and mold manufacturers that is focused on alleviating the demand supply gap in the plastic moulds industry as International vendors seek alternate markets for business. The firm has had more than 16+ years of strong presence in Injection Molding Safety products of Automotive Industry.
Some of the products in their catalog includes auto parts like Seat belt buttons, D ring covers, Retractor covers, Air bag retainer parts, Air vent Switches in Climate Control, Door Switches and Air vent Bezels, and Cluster Masks. MTP’s esteemed client roster includes automobile brands like Maruti, Ford, Hyundai, Mahindra, Renault, Daimler and Nissan.
Quality Product Meets Quick Service
Driven by the values of reliable product and timely delivery, Microtech Polymers houses cutting-edge facilities to meet growing market demands with efficiency and effectiveness. Not only does the firm employ quality fully electric moulding machines for consistent part quality, but also a real time monitoring systems for machines to improve manufacturing productivity.
Driven by the belief that employees are the biggest strength of an organization, MTP doesn't shy away from investing in their human resource. M. Senthil Kumar, CEO of Micro Tech Polymers, mentions, “We at MicroTech believe in investing in our talent pool, therefore, we conduct training interventions on new technology advancement to our manufacturing engineers on a periodical basis. Our teams are also trained to use our proprietary ERP system that’s enabled with a barcode system for easy traceability of the manufacturing product”.
Moulding a Solid Future
As companies are looking to develop parts and assemblies in India, the team at MTP is all set to exploit the impending demand surge in the segment.
Talking about recent developments and future plans for the firm, CEO Senthil Kumar mentions, “Micro Tech is already working with three overseas customers for the development area. Moreover, We have already started making one product for a US-based client. The team is also focusing on establishing the newly opened sterile and advanced medical division that is responsible for manufacturing quality medical components, manufactured in a clean room environment. Our medical product line includes syringes, retina imaging systems and various other surgical products”.
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