Time Technoplast To Set Up Medical Devices Unit In Baddi

The Mumbai-based Time Technoplast, a technology based company, is setting a new manufacturing facility of disposable medical devices at Thane near Baddi. It is investing Rs 35 crore and the commercial production is expected to commerce from October 2007. Talking to Pharmabiz, Anil Jain, managing director, said, "We are already in the manufacturing of healthcare products such as auto disable, blood collection device and multi layer face masks. For the Baddi expansion we have already purchased land with at a cost of Rs three crore. We are also investing around Rs. 30 crore for the plant and machinery. The implementation of the project is in advanced stage and is likely to go on stream by October 2007. We have already set up marketing network for the domestic market. The company has engaged in the manufacturing and sale of technology based polymer products. Recently, company has entered into the healthcare business segment by introducing auto disable syringe under the brand name Genex. The company has subsequently launched auto collect blood disable syringe and protective facemask. Protective facemask is basically used in the operation theatre, clinical care department, and quarantine areas. It is highly advanced mask which is not only protects the user in a bacterial air borne environment, but also protect from the blood and body ward, fumigation and cleaning areas, laboratories and clinics. (Ref: Chronicle Pharmabiz dated May 17, 2007)