Baerlocher, a leading global manufacturer of additives for the plastics industry, is investing in its production plant in Bury. The company will increase capacity of its Calcium based PVC stabiliser plant by more than 50% with installation of additional new Mixing and Granulation units in 2022. This expansion will support the strong demand in all new and recycled PVC applications and reinforces the company’s commitment to the ‘post Brexit’ UK and Irish markets. Andy Jones, the group’s Global PVC Additives Head stated: “For the past 25 years, the Bury site has established itself as the premier solid PVC stabiliser production plant in the UK. This expansion begins the next chapter for the company, as we approach our 50th anniversary in the UK during 2023, with an increasingly challenging regulatory framework and complexity in supply chains”. “Our Customers rely upon local security of supply, product consistency and speed of respo...

Plastic products maker Supreme Industries reported a 21.31% decline in consolidated profit to Rs 245.72 crore for the quarter ended in December 2021. The company had posted a net profit of Rs 312.28 crore during the corresponding period last year. Its revenue from operations was up 5.49 per cent to Rs 1,945.11 crore during the quarter under review as against Rs 1,843.80 crore in the corresponding period of the previous fiscal. Commenting on the financial results, M P Taparia, MD, Supreme Industries, said : The Polymer prices were extremely volatile in the quarter. Starting November, PVC prices have dropped by Rs. 25 i.e. 15% per kg. The prices of other polymers also swung wildly during the quarter. “Such a swing in the prices have affected overall demand for the products. The products, where demand were driven strongly by distributors have seen large scale destocking in the quarter. Due to extended rainfall period in the quarter, the demand from agriculture and infrastructure wa...