
PT Tenma Indonesia Buka Lowongan Kerja untuk SMA-SMK, Penempatan di
Author:gly Date: 2024-09-30
While prices moved up for three of the five commodity resins, there was potential for a flat trajectory for the rest of the third quarter.
Join Wittmann for an engaging webinar on the transformative impact of manufacturing execution systems (MES) in the plastic injection molding industry. Discover how MES enhances production efficiency, quality control and real-time monitoring while also reducing downtime. It will explore the integration of MES with existing systems, emphasizing compliance and traceability for automotive and medical sectors. Learn about the latest advancements in IoT and AI technologies and how they drive innovation and continuous improvement in MES. Agenda: Overview of MES benefits What is MES? Definition, role and brief history Historical perspective and evolution Longevity and analytics Connectivity: importance, standards and integration Advantages of MES: efficiency, real-time data, traceability and cost savings Emerging technologies: IoT and AI in MES
7. Is the company's business immune from easy replication by new players? No, around 71 per cent of the company's sales (FY19) were derived from the pipes made of unplasticised polyvinyl chloride (uPVC). This chemical compound requires low technical know-how and can be replicated by new players easily.
Join this webinar to explore the transformative benefits of retrofitting your existing injection molding machines (IMMs). Engel will guide you through upgrading your equipment to enhance monitoring, control and adaptability — all while integrating digital technologies. You'll learn about the latest trends in IMM retrofitting (including Euromap interfaces and plasticizing retrofits) and discover how to future-proof your machines for a competitive edge. With insights from industry experts, it'll walk you through the decision-making process, ensuring you make informed choices that drive your business forward. Agenda: Maximize the value of your current IMMs through strategic retrofitting Learn how to integrate digital technologies to enhance monitoring and control Explore the benefits of Euromap interfaces and plasticizing retrofits Understand how retrofitting can help meet new product demands and improve adaptability Discover how Engel can support your retrofitting needs, from free consultations to execution
24. Have the company's short term borrowings remained stable or declined (not increased by greater than 15%)? Yes, the short term borrowings have decreased from Rs 186 crore in March 2016 to Rs 146 crore in March 2019.
1. Are the company's earnings before tax more than Rs 50 cr in the past twelve months? Yes, the company's earnings before tax stood at Rs 111.5 crore in FY19.
25. Is the company free from meaningful contingent liabilities? No, the company has total contingent liabilities worth Rs 72 crore which form around 11 per cent of the total post IPO equity.
The Plastics Industry Association (PLASTICS) has released final figures for NPE2024: The Plastics Show (May 6-10; Orlando) that officially make it the largest ever NPE in several key metrics.
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In less than a decade in injection molding, US Merchants has acquired hundreds of machines spread across facilities in California, Texas, Virginia and Arizona, with even more growth coming.
21. Is the company's net debt-to-equity ratio less than 1 or is its interest coverage ratio more than 2? Yes, post IPO the company will have a net debt (Debt excluding cash) to equity of 0.35 times.
Low pricing power: The fluctuation of raw material prices in accordance with crude oil prices, the presence of only a few suppliers and an intensive industry competition limit the pricing power of the company, thereby resulting in volatile operating margins. Despite having a larger reach and distribution it has not been able achieve a larger scale compared to Finolex or Astral Polytechnik.
technotrans says climate protection, energy efficiency and customization will be key discussion topics at PTXPO as it displays its protemp flow 6 ultrasonic eco and the teco cs 90t 9.1 TCUs.
17. Is the company free of promoter pledging of its shares? Yes. However as mentioned in Point 14, the failure to repay the outstanding bond amount may invoke 35 per cent pledge of promoter holding.
Say “manufacturing automation” and thoughts immediately go to the shop floor and specialized production equipment, robotics and material handling systems. But there is another realm of possible automation — the front office.
Technical collaboration: Prince Pipes has a technical collaboration with Wavin, a Netherland-based company. Wavin provides technical know-how in the product manufacturing. As a result of this collaboration, the company has seen a significant improvement in the production processes at two of its facilities.
This month’s resin pricing report includes PT’s quarterly check-in on select engineering resins, including nylon 6 and 66.
9. Are the customers of the company devoid of significant bargaining power? No, the company sells Prince piping products to distributors, who then resell the products to wholesalers, retailers, and plumbers. Whereas, its Trubore products are directly sold to wholesalers and retailers. The pipes and fitting industry is a highly competitive industry, with several players operating in it. Although the organised segment accounts for 60-65 per cent of the total industry, the top player accounts for around 10 per cent of the total industry. Customers have a range of options to choose from.
Company / Business Prince Pipes has been involved in manufacturing and selling polymer pipes for the last 30 years. The company has six manufacturing facilities, with a total installed capacity of 2.4 lakh tonnes per annum (TPA). It also utilises the service of five contract manufacturers which account for less than 10 per cent of its total production. The company markets its products under two brands names - Prince and Tubore - on the back of a network of 1027 distributors.
13. Do the top three managers have more than 15 years of combined leadership at the company? Yes, Jayant Shamji Chheda, Chairman and Managing director, has been associated with the company since its inception.
Formnext Chicago is an industrial additive manufacturing expo taking place April 8-10, 2025 at McCormick Place in Chicago, Illinois. Formnext Chicago is the second in a series of Formnext events in the U.S. being produced by Mesago Messe Frankfurt, AMT – The Association For Manufacturing Technology, and Gardner Business Media (our publisher).
20. Did the company increase its revenue by 10 per cent CAGR in the last five years? No, the company's sales increased by just 7.7 per cent in the last five years ending March 2019.
Financial 18. Did the company generate current and five-year average return on equity of more than 15 per cent and return on capital of more than 18 per cent? Yes, the company's last five-year average ROE and ROCE stood at 22.3 per cent and 19.0 per cent, respectively as of March 2019. While the current ROE and ROCE stood at xxx and xxxx as of xxxxx.
Introduced by Zeiger and Spark Industries at the PTXPO, the nozzle is designed for maximum heat transfer and uniformity with a continuous taper for self cleaning.
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Sustainability continues to dominate new additives technology, but upping performance is also evident. Most of the new additives have been targeted to commodity resins and particularly polyolefins.
4. Does the company have high repeat customer usage? No. Since pipes and fittings have extended life cycles that go up to decades, the product replacement takes years.
Second quarter started with price hikes in PE and the four volume engineering resins, but relatively stable pricing was largely expected by the quarter’s end.
Presence in the low margin business: Around 71 per cent of FY19 sales came from UPVC pipes. This product comes under a low-margin segment. Although around 20 per cent of sales came from high-margin CPVC pipes, it will be difficult to scale up in that business owing to the presence of established players like Astral, Finolex and others.
15. Is the company free of litigation in court or with the regulator that casts doubt on the intention of the management? Yes. However, the promoters have a case filed against them involving the promoter group company and a claim of Rs 905 crore.
Take a deep dive into all of the various aspects of part quoting to ensure you’ve got all the bases—as in costs—covered before preparing your customer’s quote for services.
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Of all the trends you can see at NPE2024, this one is BIG. Not only is the auto industry transitioning to electrification but there are concerted efforts to modify the materials used, especially polymers, for interior applications.
In a time where sustainability is no longer just a buzzword, the food and beverage packaging industry is required to be at the forefront of this innovation. By adopting circular packaging processes and solutions, producers can meet regulatory requirements while also satisfying consumer demand and enhancing brand reputation. Join Husky to learn more about the broader implications of the circular economy — as well as how leading brands are leveraging this opportunity to reduce costs, increase design flexibility and boost product differentiation. Agenda: The cost and operational benefits of embracing circularity Key materials in circular packaging — including rPET and emerging bioplastics How to design a circular food and beverage package Strategies for selecting sustainable closures to future-proof packaging solutions Optimization and streamlining of production processes for enhanced efficiency How Husky Technologies can enable your sustainable success
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2. Will the company be able to scale up its business? Yes, the plastic pipes and fittings industry is expected to grow to Rs 500-550 Bn in 2024 from the current Rs 290-300 Bn, driven by several factors, including changing consumer preferences for plastic pipes and government-led schemes like 'Housing for All,' Nal se Jal and others. Around 60-65 per cent of the industry is organised and reforms like GST are expected to push this share upwards, thereby empowering the company to scale up its business.
Discover how artifical intelligence is revolutionizing plastics processing. Hear from industry experts on the future impact of AI on your operations and envision a fully interconnected plant.
23. Can the company run its business without relying on external funding in the next three years? Yes, though the company has planned to do a greenfield expansion in Telangana which will be entirely funded from IPO proceeds and will increase the capacity by 21 per cent. This step will provide the company with scope of expansion in future with minimal capital requirement. Moreover, in each of the last five years till March 2019 the company has generated positive free cash.
Mike Sepe has authored more than 25 ANTEC papers and more than 250 articles illustrating the importance of this interdisciplanary approach. In this collection, we present some of his best work during the years he has been contributing for Plastics Technology Magazine.
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3. Does the company have a recognisable brand (s), which is truly valued by its customers? No. Although the company increased its ad and sales promotion expenses from 1.1 per cent in March 2016 to 2.7 per cent of its total revenue in March 2019, the low market share of five per cent in a highly competitive industry depicts low brand power. Moreover, the company's revenue growth of 13 per cent over the last three years is near 10-12 per cent of the industry growth.
The addition of Lanier expands Teknor’s portfolio to include PVC color concentrates, while adding to its specialty compounds for building and construction. Also, Lanier’s customers will benefit from access to Teknor’s broad range of PVC compounds. Lanier will continue to operate at its Gainesville location and will coordinate with Teknor Color’s plants in Kentucky and Texas.
Despite price increase nominations going into second quarter, it appeared there was potential for generally flat pricing with the exception of a major downward correction for PP.
While prices moved up for three of the five commodity resins, there was potential for a flat trajectory for the rest of the third quarter.
Resin drying is a crucial, but often-misunderstood area. This collection includes details on why and what you need to dry, how to specify a dryer, and best practices.
Comprehensive product portfolio: The company is present across a range of plastic polymer pipes, including the high margin CPVC pipes. With a product portfolio of 7,167 stock keeping units (SKUs), the company can service varied applications in the fields of plumbing, irrigation and water management.
Join Engel in exploring the future of battery molding technology. Discover advancements in thermoplastic composites for battery housings, innovative automation solutions and the latest in large-tonnage equipment designed for e-mobility — all with a focus on cost-efficient solutions. Agenda: Learn about cutting-edge thermoplastic composites for durable, sustainable and cost-efficient battery housings Explore advanced automation concepts for efficient and scalable production See the latest large-tonnage equipment and technology innovations for e-mobility solutions
19. Was the company's operating cash flow-positive during the previous year and at least four out of the last five years? Yes, the company had cash flow from operations of Rs 220 crore for FY19. Also, they were positive for all the last five years till March 2019.
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27. Is the stock's price to earnings less than its peers' median level? Yes, the stock on the basis of post IPO basis is priced at 23.5 times its FY19 earnings, as compared to the median price to earnings of its peer group at 33 times.
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Prince Pipes, the 30-year-old polymer pipes manufacturer & seller, has come up with its IPO. What is there for investors? Here is our analysis
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Weakness Low brand power: Although the company has been in the business for the last 30 years, its market share stands at around five per cent. The pipes and fitting industry is highly competitive, with the top player holding around 10 per cent of the market.
Additive technology creates air pockets in film during orientation, cutting down on the amount of resin needed while boosting opacity, mechanical properties and recyclability.
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6. Is the company sufficiently robust to major regulatory or geopolitical risks? No, raw material costs account for 65-70 per cent of the operating income. The price of raw material is dependent on crude oil prices, which can be affected by regulatory or geopolitical risks. Besides, the company doesn't have any long-term supply contract for the raw material. The company is also prone to factors like depreciation of the rupee and import duties imposed.
Mold maintenance is critical, and with this collection of content we’ve bundled some of the very best advice we’ve published on repairing, maintaining, evaluating and even hanging molds on injection molding machines.
11. Is the level of competition the company faces relatively low? No, the pipes and fitting industry is highly competitive with almost 60-65 per cent of the market dominated by organised players. Also, the largest player in the industry is Supreme Industries Ltd, which commands a market share of around 11 per cent.
Risks and Concerns: The company faces substantial risk of fluctuation in the prices of raw material, as they are dependent on crude oil prices. Also, the promoters are required to repay Rs 192 crore against bonds issued by promoter-owned entity, Express Infra. Failure to repay this amount will create a 35 per cent pledge on their holding in the company (on a total diluted basis). The promoters intend to repay this amount by using proceeds from the offer for sale.
Total IPO size: Rs 500 crore Fresh Issue: Rs 250 crore Repayment of certain borrowings: Rs 48 crore Funding of greenfield injection moulding plant at Telangana : Rs 184 crore Upgrade existing Plants: 82 crore Balance for general corporate purpose
Mixed in among thought leaders from leading suppliers to injection molders and mold makers at the 2023 Molding and MoldMaking conferences will be molders and toolmakers themselves.
10. Are the suppliers of the company devoid of significant bargaining power? No, the supply of key raw materials for the company is met through a mix of domestic procurement and imports. In India, the production is dominated by a few big players. Moreover, the price of raw material is dependent on crude oil prices.
In terms of expansion and growth, the company intends to increase the capacity of its Rajasthan plant to 17,021 TPA by December 2019 from the current 6,221 TPA. It is also planning a 51,943-TPA greenfield project in Telangana by using the proceeds from fresh issue. At present, it is coming out with a total IPO size of Rs 500 crore- Rs 250 fresh issue and Rs 250 crore offer for sale. It also raised Rs 106 crore in pre-IPO placement, at Rs 178 per share, from South Asia Growth Fund. While the promoters will use a substantial portion of proceeds from the offer to pay off the promoter-level debt, proceeds from the fresh issue and pre-IPO raise will be utilised for part debt repayment, greenfield expansion, upgrade existing plants and general corporate purpose.
Ultradent's entry of its Umbrella cheek retractor took home the awards for Technical Sophistication and Achievement in Economics and Efficiency at PTXPO.
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Management 12. Does any of the company's founders still hold at least a five per cent stake in the company? Or do promoters totally hold more than 25 per cent stake in the company? Yes, Post IPO, the promoters will hold around 65.8 per cent of the company.
While the melting process does not provide perfect mixing, this study shows that mixing is indeed initiated during melting.
22. Is the company free from reliance on huge working capital for day to day affairs? Yes, the company in the last few years has consistently been able to decrease its working capital requirements as a percentage of sales from 23 per cent in March 2016 to 15 per cent in March 2019. While at the same time it has also reduced its reliance on short term borrowings.
Lanier Color’s plant in Gainesville, Ga.Rhode Island-based global compounder Teknor Apex has acquired Lanier Color Co. of Gainesville, Ga. Lanier supplies thermoplastic color concentrates and specialty compounds, with a focus on the building and construction market. This comes on the heels of Teknor’s acquisition of Dorum Color in August.
8. Is the company's product able to withstand being easily substituted or outdated? Yes, more than 70 per cent of sales come from irrigation and plumbing purposes under which, mainly UPVC and CPVC pipes are used. Not many substitutes are available for such sort of pipes.
5. Does the company have a credible moat? No, although the company's distribution network increased from 766 in March 2017 to 1408 in October 2019 and it had six manufacturing facilities across the country, such competitive advantage has not translated into numbers. The inventory days increased to 52 days in March 2019 from 36 days in March 2016, depicting a low inventory churn. Besides, the company also has lower operating margins as compared to its prominent peers, which depicts mediocre operational efficiency.
While the major correction in PP prices was finally underway, generally stable pricing was anticipated for the other four commodity resins.
28. Is the stock's price to book value less than its peers' average level? Yes, the stock post IPO is reasonably priced at a price to book value of 2.9 times as per FY19 financials, compared to a median price to book of industry peers at 3.4 times.
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Strengths Superior Distribution network: The company has strengthened its distribution network from 766 distributors in March 2017 to 1,408 in October 2019. The network is spread across all parts of the country, with a major presence in North and South India.
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Offer for Sale: Rs 250 crore Promoters: Rs 250 crore Additional details Price Band: Rs 177-178 Subscription Dates - Dec 18, 2019 - Dec 20, 2019 ROE (FY 2019)- 23.2% Revenue (FY 2019) - Rs 1,572 crore Post-IPO, promoter holding- 65.8 per cent (including Promoter group) Post IPO valuation- Rs 1,960 crore Total debt (Pre IPO) - Rs 297 crore as of June 2019 Total debt (Post IPO)- Rs 249 crore Equity (Post IPO) - Rs 678 crore Net debt to equity (Post - IPO): 0.35 times
The Stock/Valuation 26. Does the stock offer operating earnings yield of more than 8 per cent on its enterprise value? No, the operating earnings yield for the company stood at 6.6 per cent based upon at an upper price band of Rs 178 per share and FY19 net profit.
14. Is the management trustworthy? Is it transparent in its disclosures, which are consistent with Sebi guidelines? Yes, although promoters are required to repay Rs 192 crore against bond issued by a promoter-owned entity, Express Infra. Failure to repay this amount will create 35 per cent pledge on their holding in the company (on a total diluted basis) and provide for a non-disposal undertaking on 16 per cent equity shares. Also, another promoter group entity, Arena Enterprises, has Rs 146 crore loan from Standard Chartered Bank guaranteed by the promoters.
Across the show, sustainability ruled in new materials technology, from polyolefins and engineering resins to biobased materials.
Plastics Technology’s Tech Days is back! Every Tuesday in October, a series of five online presentations will be given by industry supplier around the following topics: Injection Molding — New Technologies, Efficiencies Film Extrusion — New Technologies, Efficiencies Upstream/Downstream Operations Injection Molding — Sustainability Extrusion — Compounding Coming out of NPE2024, PT identified a variety of topics, technologies and trends that are driving and shaping the evolution of plastic products manufacturing — from recycling/recyclability and energy optimization to AI-based process control and automation implementation. PT Tech Days is designed to provide a robust, curated, accessible platform through which plastics professionals can explore these trends, have direct access to subject-matter experts and develop strategies for applying solutions in their operations.
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