Time Technoplast Ltd. (TTL) is a multinational conglomerate that is a leading manufacturer of polymer products with operations in Bahrain, Egypt, Indonesia, India, Malaysia, U.A.E, Taiwan, Thailand, Vietnam, Saudi Arabia & the USA.
The company’s portfolio consists of products catering to growing industry segments like industrial packaging solutions, lifestyle products, automotive components, healthcare products, infrastructure or construction-related products, material handling solutions & composite cylinders. Value-added products (Intermediate Bulk Containers (IBC), Composite Cylinders (LPG & CNG), and MOX Films) contribute 21% of total revenue while established products (Polymer drums, jerry cans, PE pipes, turf & matting) had a 79% contribution.
Over the last couple of years, the company’s product mix has improved through the addition of new products, which is likely to yield diversification-related benefits and aid in revenue growth and profitability. Furthermore, TTL is one of the leading players in various product categories like industrial packaging products (Asia and MENA region), composite cylinders, and intermediate bulk containers (worldwide).
• For the first time in India by any company, Time Technoplast Ltd. received approval from regulatory authorities for manufacturing of Carbon Fibre Wrapped Type-IV Composite CNG cylinder for on-board (vehicle) application.
• Brownfield expansion of Rs. 186 Cr. in India and overseas locations will aid in future growth and leveraging of existing infrastructure.
• The pipes/ducts have substantial business potential, especially in government projects like Smart Cities, Jal Jeevan Mission, and Swachh Bharat Mission.
• Company innovating new applications of the MOX films and is launching new products in the market like Truck covers, Pond Liners, Mulching Film & Poly House Films. TTL continues to focus on export markets of Thailand, Malaysia, Germany UK & the USA.
Plant utilization levels returned back to pre-COVID levels supported by a positive demand scenario. TTL continued to maintain a good order book in the PE Pipe business exceeding Rs. 250 Cr. by FY22. The company currently has approvals in over 55 countries and is exporting composite cylinders to over 40 nations.
Management has updated that the company has received Rs. 150 Cr. for its Type-IV Composite cylinders for CNG Cascades and has also started receiving orders for the recently approved Type-IV Composite cylinders for on-board application. In addition, Government-owned Oil Marketing Companies (OMCs) have started to procure Type-IV LPG Composite cylinders with the company having received trial orders.
The company’s portfolio consists of products catering to growing industry segments like industrial packaging solutions, lifestyle products, automotive components, healthcare products, infrastructure or construction-related products, material handling solutions & composite cylinders. Value-added products (Intermediate Bulk Containers (IBC), Composite Cylinders (LPG & CNG), and MOX Films) contribute 21% of total revenue while established products (Polymer drums, jerry cans, PE pipes, turf & matting) had a 79% contribution.
Over the last couple of years, the company’s product mix has improved through the addition of new products, which is likely to yield diversification-related benefits and aid in revenue growth and profitability. Furthermore, TTL is one of the leading players in various product categories like industrial packaging products (Asia and MENA region), composite cylinders, and intermediate bulk containers (worldwide).
• For the first time in India by any company, Time Technoplast Ltd. received approval from regulatory authorities for manufacturing of Carbon Fibre Wrapped Type-IV Composite CNG cylinder for on-board (vehicle) application.
• Brownfield expansion of Rs. 186 Cr. in India and overseas locations will aid in future growth and leveraging of existing infrastructure.
• The pipes/ducts have substantial business potential, especially in government projects like Smart Cities, Jal Jeevan Mission, and Swachh Bharat Mission.
• Company innovating new applications of the MOX films and is launching new products in the market like Truck covers, Pond Liners, Mulching Film & Poly House Films. TTL continues to focus on export markets of Thailand, Malaysia, Germany UK & the USA.
Plant utilization levels returned back to pre-COVID levels supported by a positive demand scenario. TTL continued to maintain a good order book in the PE Pipe business exceeding Rs. 250 Cr. by FY22. The company currently has approvals in over 55 countries and is exporting composite cylinders to over 40 nations.
Management has updated that the company has received Rs. 150 Cr. for its Type-IV Composite cylinders for CNG Cascades and has also started receiving orders for the recently approved Type-IV Composite cylinders for on-board application. In addition, Government-owned Oil Marketing Companies (OMCs) have started to procure Type-IV LPG Composite cylinders with the company having received trial orders.