Fall in polymer prices to enhance margins: Time Technoplast

Anil Jain, Managing Director of Time Technoplast in an interview to CNBC-TV18 spoke about impact of falling crude prices and the business outlook going forward.According to him the fall in crude prices led to decline in polymer prices by 8-11 percent in the last four weeks. Polymer prices are expected to go down further because of low demand in China and Europe going forward too to around 15%, he added.This would result in expansion of EBITDA margins by about 1 percent for the company, said Jain.Commenting on the overseas ventures, he said the company has already invested around Rs 600 crore in those businesses and is looking for further expansion. All the overseas ventures are doing extremely well except the one in China, he added. As of now, the overseas ventures contribute 30% of their turnover, said Jain.

TIme Technoplast is a leading manufacturer of polymer products with operations in Bahrain, Belgium, China, Egypt, Indonesia, Korea, Malaysia, Poland, Romania, Singapore, Sharjah, Taiwan, Thailand, Vietnam and India.For the entire interview watch video