Time Technoplast

completed

  Time Technoplast Ltd is an India-based multinational company, (“TTL” or the “company” – https://www.timetechnoplast.com/ ), offering a range of technology based various polymer products.  The company currently has 23 operating units in India in around 13 locations in India, in addition to facilities in 10 overseas locations (such as Thailand, Malaysia, Indonesia, Vietnam, Taiwan, Sharjah-UAE, Bahrain, Egypt & Saudi Arabia) and other Joint ventures (JVs) and subsidiaries. TTL is a publicly listed company which manufactures (i) industrial packaging products such as: drums, containers, jerry cans, conipack pails; (ii) infrastructure products such as:  high density polyethylene (HDPE) pipes, double wall corrugated (DWC) pipes; (iii) technical and lifestyle products:  mats, fuel tanks, rain flaps, disposal bins etc.; and (iv) value-added products such as intermediate bulk containers (IBC), Composite Cylinder  & multi-layer multi axis Oriented cross laminated Film (MOX) film. The company is currently planning to expand capacity to capture growth for industrial packaging products, DWC and HDPE pipes, composite cylinders, MOX films IBC and other related products. IFC is considering a loan of up to INR 2,600 million (approximately 40 million equivalent) to support capacity augmentation and modernization of the existing facilities and develop new facilities for TTL operations in India (the “project”). The project does not involve NED Energy Limited, which is 94% subsidiary of TTL.