Granula AG, a masterbatch producer based in Merenschwand, Switzerland and SOM SHIVA (IMPEX) LTD, an Indian plastics company, have announced the formation of their joint venture in India under the name Granula Masterbatches India Pvt. Ltd. The new production facilities will primarily produce and sell color masterbatches and additives in the local market.
The company will mainly target sectors including the food packaging, medical, cosmetic and automotive industries in India. Where international food contact approvals and competence for the medical or the automotive section is required, the new company will be one of the first addresses to contact. To that end, a completely new, state-of-the-art masterbatch production facility is being constructed in the industrial area near Ahmedabad, in the state of Gujarat, India. Granula Masterbatches India (GMI) will be one of the first occupants of the new industrial zone that is being developed there. According to Granula, production is projected to start in the second quarter of 2017.