To use plastics or glass as the primary or secondary medium for packaging and/ or dispensing, there is a critical dependency on the availability of High Precision Multi-cavity plastic injection moulds for Plastic Caps and Closures. These tools were largely getting imported in India but with quicker access to technologies like additive manufacturing and surface treatment technologies like Sputter deposition and Arc vapour deposition, the demand supply gap for these high precision tools is narrowing. The demand for cutting-edge high-end precision multi-cavity plastic injection moulds is growing at a much higher rate. Be it packaging for Pharma, FMCG, medical devices, Speciality Chemicals, and many more. There is an increased global interest to develop capacities in India and post COVID there is a greater emphasis in this regard.
With sound understanding about this demand, JAP Engineering has been serving the Indian markets industry for over 25 years with its niche capabilities. For the past 10 years JAP has been exporting across the middle east, African continent, Turkey and other Asian countries and has created a name for itself in this domain. Pharma Industry Outlook magazine engages in a conversation with Sunil Paul Nilayattingal, MD and CEO, JAP Engineering to know more about the company and the value it is adding to the industry.
What are the major expectations of client organizations from a company offering high precision multi-cavity plastic injection moulds for caps & closures? How do you meet their expectations?
At JAP Engineering we specialise and focus on high precision plastic injection moulds and that is our core competency. All the Projects that we undertake at JAP are custom projects and these high-performance moulds are expected to run anywhere between 2-5 million cycles. Hence, each mould is mission critical to the success of our client projects. The expectations from our high precision moulds are to enable faster production with quicker cycle-times. Our in-house specialist teams of designers, engineers, technicians backed by world-class Japanese machineries from Makino and Mazak and a strong customer focused approach ensure that we deliver quality with speed and successfully meet our customer expectations.
How is your company positioned in this segment?
There are only a few specialists in India who supply high-end multicavity moulds for caps and closures and JAP is proud to be one among them. Since all projects undertaken are custom projects it is imperative that we define and deliver the projects in-line with the customer’ success metrics. At JAP we follow a customer centric approach, evident from our customer retention rate of 84%. This has been possible due to the three founding principles that JAP stands by, INTEGRITY, INNOVATION and TECHNOLOGY. On many occasions JAP’s technical team led by the CEO, Mr Sunil Paul Nilayattingal, gets invited to customer’s locations to identify gaps and suggest innovative solution using the best and current technologies. The management team’s deep involvement right from technical scope definition, design up till mould validation ensures a smooth customer experience.
Shed light on the wide range of products that you offer to clients in the caps and closure segment. Highlight the USPs.
High Cavitation Hot Runner moulds for Pharmaceuticals like Child-Resistant Closures, Nasal & Eye Droppers Medical Devices, Lumbar Puncture Needle Hubs. Fast Cycling high productivity cap moulds for juices, syrups, milkshakes etc. FlipTop Cap Moulds with In-Mould-Closing for personal care and cosmetic applications. Conformal Cooling moulds for Packaging across industries like Agro chemicals, Oil & Lubes, FMCG, etc.
What are the major factors that set you apart from other players in this segment?
Our strong design acumen, matured engineering know- how with an experience of over 25 years enables us to guide our customers in developing product designs that ensures desired functionalities with better productivity and optimize product weights and in-turn reducing the global carbon footprint while meeting their sustainability targets. Being a specialist in multicavity moulds with one of the best infrastructures in India with World Class JAPANESE Machines from Makino and Mazak makes us competitive globally. An in-house Design/ DFM/ CAE/ Prototyping/ Manufacturing/ Validation/ Production capabilities backed by a strong project management team enables customers with quicker GTM.
Tell us about the overall journey of the company. How has it nurtured itself over the years? Illustrate the growth it has observed in terms of revenue, clients, and geographical presence?
JAP had its humble beginnings around 25 years ago in Mumbai and was known predominantly in western India as a trusted supplier for high quality plastic injection moulds. Over the last decade JAP has established clientele in Europe, Middle East, Africa and Asian countries like Nepal, SriLanka and Bangladesh. JAP's investment in understanding customer projects and R&D initiatives with customers has ensured that we have consistently hit a CAGR of 24% for the last 4 years. JAP manufactures moulds that run on 100 to 400 ton injection moulding machines with in-house validation capacity of up to 350 ton machines. We observe consistent growth in domestic and international business.
What is your future roadmap? How is the company gearing up for the same?
At JAP we are very bullish about the future and investing almost 75% of profits in exploring new technologies, training and increasing capacities. JAP is going global with participation in the most coveted plastic trade shows called the K-2022 at Dusseldorf Germany in October 2022. We at JAP recognise the need for top quality high precision MADE IN INDIA moulds which can reduce import dependencies in this segment. We support Atmanirbhar Bharat and Make in India.
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