The demand for Fiber Reinforced Polymer (FRP) products is increasing due to their exceptional properties and versatility. FRP's strengthto- weight ratio makes it ideal for heavy applications where traditional materials like steel or concrete might be too heavy. It also doesn't rust or corrode over time, making it a preferred choice in sectors like construction, infrastructure development, and manufacturing.
Nexgen Industries, a prominent player in the FRP industry, has been at the forefront of this market trend currently. Established in 2006 in Gujarat, Nexgen embarked on a mission to manufacture and offer worldclass innovative products that could overcome the challenges faced by conventional materials. Nexgen recognized the potential of FRP and its unique advantages early on, and this foresight has propelled the company to a leadership position in the FRP sector.
A Journey of Innovation
Nexgen's story began with a focus on two distinct polymerization products, but the turning point arrived in 2016 when the company ventured into the field of FRP, crafting tailor-made products for renowned institutions. With the support of the Gujrat Government and recognition from the central government, Nexgen successfully patented their FRP formulations. The company's unique innovations and patented FRP formulations have earned recognition from the Indian government, as they are registered under the 'START UP INDIA' initiative and approved by the Ministry of Small and Medium Scale Enterprises.
Nexgen has also successfully patented its products through GUJCOST, the Government of Gujarat's Organization for Science and Technology.
The Star Product: FRP Manhole Cover
Among their array of products, the FRP manhole cover stands out. Renowned for its quality, lightweight nature, and cost-effectiveness, it has garnered trust and acclaim from institutions like L&T and pharmaceutical companies such as Swiss Parenterals and Torrent Pharma. This alternative to conventional cement and metal covers has found a home in the hospitality industry, adorning the entrances of fivstar and sevenstar hotels like Marriott and the Taj Group.
The Shifting Industry Landscape
Intriguingly, Nexgen has been engaging with competitors in the metal cover manufacturing industry. Some of these competitors who are giants exporting over 1,000 pieces per month with turnovers exceeding 150 crores, have expressed interest in exploring joint ventures with Nexgen.
This reflects a significant market shift as even competitors recognize the potential of FRP manhole covers. Estimates indicate the Indian FRP manhole cover market is substantial, valued annually at 2,000 to 2,500 crores. This shift is driven by FRP's exceptional durability, lasting over 15 years without maintenance or quality compromise.
Prioritizing Sustainability
With the world's growing focus on eco-friendly solutions, sustainability measures have become paramount. Nexgen's FRP products are constructed from two major natural components: unsaturated polyester resin and quartz, forming the HR (High Resistance) base of the product. The third component, glass fabric, is also derived from quartz. Importantly, these products are environmentally friendly, releasing no harmful chemicals into the environment.
Stringent Regulatory Compliance & Quality Assurance
Nexgen's commitment to quality extends across all phases of their operations. Their meticulous quality control process encompasses raw material selection, manufacturing, rigorous quality checks, and continuous monitoring. Strict vendor approval criteria ensure that raw materials align with their unique formula. Prior to bulk production, they validate their formulations to guarantee consistency, regardless of quantity. Their products undergo comprehensive quality testing, adhering to European guidelines such as EN 124.
Leveraging Technology & Expanding Horizons
Innovation flourishes with advanced technology, and Nexgen Industries knows this well. “Over the past three years, we've embarked on a journey of automation, reaping impressive rewards,” says Dr. Samir Nimbark. The automated production line has not only ramped up speed but also elevated product quality, defying the belief that cost-cutting compromises quality. However, Nexgen's aspirations extend further, delving into raw material manufacturing, securing control over quality and costs to fortify their supply chain.
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