Mr. Tushar Parikh | Founder Director | Neoplast Engineering Pvt. Ltd.
Ever since plastics made their debut on the industrial screen in the year 1856, they have been used for various purposes across the globe. Its malleability and sturdiness have made it popular to create myriad objects of daily use as well as specific industrial usage. During the 1970s, when the Textile Industry was blooming in Ahmedabad, India, Founder Director, while working in a mill observed that the production was hampered due to the failure of certain key components of a machine. He was quick to realise the need for long-lasting components to replace those Metal Parts. He then worked on the idea of replacing metal components by long-lasting plastic parts and thus started the journey of Neoplast Engineering.
Perfect Solutions for Specific Requirements
Neoplast Engineering started as a family-owned business and is now a professionally managed corporate company in the field of Plastic Processing Machinery. Quality and Innovation are the key motivators behind the continuous growth of the company. Currently, it has 2 manufacturing facilities in Ahmedabad with an area of 2,25,000 sq.ft. To cater to its customers throughout India, it has 5 resident engineers stationed at strategic locations for faster services and 2 branch offices in New Delhi and Hyderabad that help in targeting new markets. Export is done to more than 18 countries viz-a-viz Middle East, Africa, Europe and USA which confirms Quality of Neoplast’s products.
Neoplast is in manufacturing sector of Plastic Processing machinery that includes High-Speed Mixers, Material Conveying Systems, Extrusions with various downstream and Laboratory equipment. These machines are used to produce varied applications like PVC pipes, Masterbatch, medical plastics, PVC profiles, Cable compounding etc. Quality and quick After Sales Service is what Neoplast believes in and all the team members are trained to follow the same. Today, low-cost has become a marketing tool for new entrepreneurs who want to capture market share at a rapid pace, but than it comes only after compromise in quality. Neoplast propagates the fact that “The bitterness of poor quality lingers long after the cheap price is forgotten”. The company’s quality consciousness and experience of more than 4 decades serve as a major advantage over other players.
Challenges Ahead
At present, there are two major challenges for the plastic industry. The first is cost-competition from foreign countries. The second and more critical is uninformed decisions like a blanket ban on plastics without proper policy formation. Mr. Tushar, Director, believes, “Plastics cannot be wiped off overnight as there are no substitutes in many applications. Proper industrial consultation and with the help of experts, ways to reduce the plastic waste can be achieved but sudden decisions have created a fear which hampers the growth and future of Plastic industry.”
Leveraging Technology
Management at Neoplast understands that technology is the key factor that plays a major role in the manufacturing industry as it determines the cost, delivery time, and performance of the product. Since everybody is shifting towards the Industry 4.0 platform, it has made sure that it’s equipment too are future-ready. With this, it can fetch details that not only help in future improvement but also reduce the downtime through predictive maintenance. It has also been able to provide faster service via Virtual Private Network (VPN) and furnish detailed reports for the management with which its in-house manufacturing has also improved that leads to consistency and lower production cost thereby generating profits.
Word of Wisdom
Per capita consumption of plastic in developed countries is almost 10 times more than that of India which makes the Plastic Industry a very lucrative one to venture into. At the same time, one has to be very conscious about the quality and technology with which they are going to try for manufacturing. Mr. Tushar feels, “Brand is not built in a day. One has to continuously strive for improvement, up-gradation and focus on quality and services rather than to focus on cost reduction. Looking towards the market potential, competition is increasing day-by-day. Thus it is very essential for newcomers to work on their profitability as they are unaware of the hidden factors which can hamper their profits.”
Future Goals
Neoplast is planning to increase its product basket to serve its customers in a better way. It will also be improvising on its service sector by introducing more technology and automation for a smooth after-sales experience to its customers. Apart from this, it will work on modernising its infrastructure to accommodate the growth and future expansions.
