Ester Industries Bags A Long Term Supply Contract From Shaw Industries, USA
Ester Industries Limited, India’s leading manufacturer of Polyester Films, Engineering Plastics and Specialty Polymers, has entered into a long-term agreement with Shaw Industries Group Inc, USA, a wholly owned subsidiary of Berkshire Hathaway, Inc to supply circa 2,500 tonnes per year of its stain-resistant Master batch MB-03. The total size of this single order is estimated to be around INR 900 million per year which is more than double the Company’s FY2017 Speciality Polymer revenues which amounted to INR 430 million. The agreement is open-ended with the first purchase order received and shipment slated to commence in February 2018.
MB-03 is a PET-based masterbatch, which imparts permanent stain resistance in nylon carpets. Ester has received both product and process patents for MB-03 in August 2017. The present largely used technology options for stain resistance are either Sulphonated Nylon or Topical coating. While the use of Sulphonated Nylon suffers from higher cost and inflexibility in usage, Topical coating faces challenges with regard to wash fastness & longevity. MB-03, on the other hand, provides total flexibility to producers of nylon yarns for carpets to adjust the content of the active ingredient for stain resistance to their specific requirement, resultantly offering a totally flexible production process and significantly reducing operating costs.
- Bagged By:
- Industry:Chemicals & Petrochemicals
- Published On:2018-01-29