New Delhi – Danish company Hyma is targeting the India as a potential market for its PU foam recycling lines. Speaking at the Plastindia 2023 trade show in New Delhi, Hyma’s head of administration, Ann Dybro said that the Indian recycling market is evolving, and it is the right moment to enter this market.
“We were waiting for the right opportunity to enter the Indian market. The Danish Chamber of Commerce approached us to exhibit at the Plastindia 2023 as part of the Denmark Pavilion and here we are in New Delhi,” said Dybro.
Hyma received considerable interest and enquiries for its foam recycling machinery. Dybro said: “The show is buzzing with recycling as everyone is talking about it and it looks like recycling is the next big thing coming to India.”
Hyma has considerable presence in the European and African markets, and has also sold lines to the Middle East. It is now keen to build its presence in the Indian market, where it already has two customers.
“Our new promoter is keen on expanding the export market and participation in the New Delhi show is part of expansion in Asian market. We are also interested in entering the South American market,” Dybro said.
The Danish firm was showcasing two foam recycling lines – BFE and BFH – at the show. BFE is a more mechanical, smaller, bonded foam line, having a mixer volume of 7.5m3, and a capacity of one to four blocks per hour, priced at €120,000.
The BFH is automatic, and is the largest bonded foam plant in the Hyma range, and has a standard mixer volume of 12.5m3, and a capacity of 3-6 blocks per hour, priced at €260,000.
According to Dybro, Hyma received more enquiries about the larger BFH model. Currently, Hyma sells about 10-15 foam recycling lines annually.
Asked whether Hyma could compete in India’s highly price-competitive market Dybra replied: “Our lines are competitively priced compared to European brands like Bäumer and Laader Berg.”