COMPANY PROFILE

PLASTICS INDUSTRIES OF BALASORE


Balasore District is circumstanced in the northern part of Orissa with all its Flora and Fauna in close proximity to Bay of Bengal. It is predominantly rich in agriculture and paddy in particular besides bittle leaves. Until late fifties and early sixties, industrial activity was a daydream for the people of the district. Only a few rice mills were operating in their nascent stage. The infrastructural environment was very dismal.


Balasore district is circumstanced in the northern part of Orissa with all its Flora and Fauna in close proximity to Bay of Bengal. It is predominantly rich in agriculture and paddy in particular besides bittle leaves. Until late fifties and early sixties, industrial activity was a daydream for the people of the district. Only a few rice mills were operating in their nascent stage. The infrastructural environment was very dismal.


Out of the above, 39 enterprises have been established within 10 Kms radius from the heart of Balasore town to manufacture plastic products, thereby constituting a critical mass to form a cluster. The end products of these enterprises are basically PVC/HDPE pipes, woven sacks, rotomoulded tanks, injection moulded furniture & house wares, blow moulded bottles, fishing nets, ropes, twines, Polyethylene films, pipe fittings, plastics granules and pipe threading etc. The cluster enterprises have made fixed capital investment around Rs. 70 Crores providing direct employment to about 2000 people. The products have both national and international market penetration yielding an annual turn over of more than Rs. 150 Crores approximately, thus contributing a king’s ransom to state and nation’s exchequer.


The major customers of the products within the country are M/s Bhusan Steel, M/s Birla Tyres, M/s NALCO, Cement Factories, Sugar Factories, Rice Mills, and Flour Mills etc in and outside the state and Govt. Depts. like RWSS, Public Health, Irrigation etc. Similarly, the Products have fetched the international markets of Nepal, Bhutan, Bangladesh, Denmark and African countries.


The quality of products manufactured in the cluster has its own significance in the market due to which the number of plastic industries in the cluster is in the trend of ascendance during these years despite the fact that many a factories in other manufacturing sectors have been struggling against incipient sickness or closed down due to undesirable industrial atmosphere.