Vikas Ecotech eyes diversifying to newer markets with innovative products!

Successful registration of the patent for use of Nano CaCO3 in plastic & rubber compounds. 

Vikas Ecotech is an emerging player in the global arena of the high-end speciality chemicals players.   

As an integrated, multi-speciality product solutions company, it produces a wide variety of superior quality, eco-friendly rubber-plastic compounds, and additives. The company’s rubber-plastic compounds and additives are process critical and value enabling ingredients, which are used to manufacture a varied cross-section of high-performance, environment-neutral and safety-critical products.  

From agriculture to automotive, cables to electricals, hygiene to healthcare, polymers to packaging, textiles to footwear, its products serve a diverse range of global industry needs.  

Recently, the company announced that it has been diversifying to newer markets with innovative products in order to broad base its business interests, augment customer profile, and to cater to the same, has added various raw materials, chemistries, end products to the offering in the last couple of years.  

Infra products: Steel pipe fittings  

To support the company’s ‘infra products’ trading business and as a measure of backward integration, the company has commissioned a steel pipe fittings plant, which after trial production, went into commercial production this week, almost two months ahead of its schedule.   

With the increasing economic activities and government's thrust on infrastructure development, there is a huge demand for fittings by all major steel tube manufacturers like APL Apollo, Jindal, Hi-tech, Swastik, Vishal Pipes, etc. and they prefer sourcing from the vendors who have in-house steel tube fitting manufacturing facilities.  

Considering it as a long-term opportunity, which not only enhances the company’s revenues, product basket, profitability but also, mitigates concentration risk, the company has started negotiating for long-term committed orders for in-house manufactured fittings with all the major players and successfully bagged commercial-scale orders. Since the production of fittings and their supplies are much ahead of their scheduled targets, it is expecting a good revenue contribution of this newly-added business segment in the current financial year.  

Empanelment with HOFED   

Furthering the process to expand the end products business segment, the company has been working on many prepositions to broad base the product, applications, and customer portfolio. The company has been most recently empaneled as an approved vendor with UP State Horticultural Co-Operative Marketing Federation (HOFED), an Uttar Pradesh Government Enterprise. It is the first-of-its-kind empanelment for Vikas Ecotech that too alongside other industrial conglomerates such as Supreme Industries, Advance Biocare, Stellar Polyplast, etc.  

Enhancements in intellectual property: Successful registration of the patent for use of Nano CaCO3 in plastic & rubber compounds.