Milacron marks milestone in India - Milacron delivers 10,001st Indian made injection molding

September 02, 2015

(CINNCINATI, OH - September 2, 2015) - Milacron Holdings Corp. (NYSE: MCRN), a leading industrial technology company serving the plastics processing industry is proud to announce the completion of a significant milestone in our India based operations - the manufacture, sale and delivery of the 10,001st injection molding machine from the Ahmedabad, India manufacturing facility.

Milacron CEO Tom Goeke stated, "It is clear that India continues to be a global plastics processing powerhouse. A number of analysts predict that by 2020 India will be 2nd to only China in the global polymer processing market." Goeke went on to detail the importance of the Indian market to Milacron, "Milacron places great importance in the Indian market and we're uniquely equipped to serve it in ways our competition simply cannot with our ability to deliver the entire spectrum of services to the plastics industry."

On September 2nd, Milacron's India manufacturing team presented its 10,001st India manufactured machine. The Milacron Hydron Servo 150 machine was handed over with great celebration to Mr. Ghisulal Rathod - Chairman, Cello Group of Industries in the presence of Ron Krisanda, Milacron's Chief Operating Officer, Advanced Plastic Processing Technologies.

During the function at the Vatva, Ahmedabad facility, Mr. Rathod expressed great satisfaction with the 18-year relationship built between Cello Group and Milacron. Rathod was quoted as saying, "This relationship is based on mutual benefits and progressive growth, and has resulted in Milacron supplying more than 200 injection molding machines to various factories of Cello Group in India and Africa." He further added, "Technology and great service are pillars in the foundation of success for any organization and Milacron embodies these traits at its core."

At the function, Ron Krisanda thanked Cello Group for their unwavering support to Milacron over its journey of growth and progress. "India is poised for quantum growth and Milacron's Indian operations, with top market share in the region, are rightly positioned to be a major component in our overall growth plans across the globe," Krisanda stated.

Milacron India's Managing Director, Shirish Divigi went on to discuss plans for Milacron to expand the company's service offerings in the region, "Milacron, with its aggressive growth plan for the future, will introduce new value added products and services. Milacron is focusing on strengthening its team directly connected with customers through sales, service and training to have a strong support system for faster response times and stationing of Service Engineers nearer to the customers operations. Our goal is to provide complete life cycle support and management services so that customers feel fully supported and connected with our team."

To meet the increasing demand in India and support existing customers Milacron's Vatva, Ahmedabad facility will complete its current expansion project (announced August 21st, 2014) January 1st, 2016. The expansion will allow Milacron to increase its annual output of 1,500 injection and blow molding machines to 2,100 machines per annum, a 40% increase.

Milacron continues to solidify its position as the leading manufacturer of injection and blow molding machines in the Indian region.

Link to high res photos: https://www.dropbox.com/sh/ur1cj3fjtw4qexl/AAC95omCO6M0eKXNuJY6mZtza?dl=0

About Milacron
Milacron is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the plastic technology, processing and metal working fluids sectors. Milacron is the only global company with a full-line product portfolio that includes hot runner systems, injection molding, blow molding and extrusion equipment plus wide market range of advanced fluid technologies. Visit the new Milacron at www.milacron.com

For more information, contact:
Michael Ellis, Milacron
905-877-0185 ext. 354
Michael_Ellis@milacron.com


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