According to foreign media reports, Husky Injection Molding Systems Co., Ltd. stated that the Indian market has great potential for development and will achieve double-digit growth in the future. The company will continue to increase investment in Indian factories.
Husky executives recently stated that the company regards India as a strategic market, and its packaging, medical and automotive markets will promote the industry to grow by more than 10% each year. Dinesh Budapanahaili, vice president of Husky South Asia, said: 'With other Compared with the economy, per capita plastic consumption in India is still very low, and its social adaptability will continue to grow in the future.
In addition, Budapanahaili stated that Husky will continue to expand its Chennai plant but did not provide further details. Husky is headquartered in Bolton, Ontario, Canada, and Hess entered the Indian market in 1999. In 2001, an office was opened in Mumbai. In 2009, a factory was opened in Chennai. The plant supports Husky's hot runner and mold refurbishment operations in the region.
Budapanahaili added: 'We have seen a bright future in the Indian market. We expect the domestic and export markets in India to grow at a rate of between 10% and 15%. 'At present, Hess funds the production of Nye factories in the domestic and export markets. Basically maintain a fair share between, the major export markets include Australia, New Zealand, Malaysia, Thailand, Indonesia and United Arab Emirates.