Alphagary invests in Shakun Polymers to Expand Cable Compounds
On June 3, 2021,ย Alphagaryย announced plans to acquire a majority stake inย Shakun Polymers Private Limited, pending customary closing conditions. Becauseย Alphagary invests in Shakun Polymers, the company will strengthen its position in cable compounds, while Shakun will reinforce its role as a family-owned market leader across the Indian subcontinent, the Middle East, Southeast Asia and Africa.
Strategic Investment as Alphagary Invests in Shakun Polymers
Alphagary describes this deal as a major strategic investment that expands both its product range and regional reach. In addition, Shakun will continue to deliver next-generation materials that meet high safety and performance standards in fast-growing Asian and African markets.
Shakun runs four manufacturing facilities in India with a combined installed capacity of more than 40,000 metric tons per year. Moreover, cable manufacturers use Shakunโs compounds for power cables, building wires, telecom and fiber optic cables, instrumentation cables and photovoltaic cables.
Complementary Product Portfolios
Shakun focuses on halogen-free, flame-retardant compounds and PVC-based compounds for data and power cables. This portfolio aligns directly with Alphagaryโs specialty compounds that support a more connected world, and it gives customers more choice. Furthermore, Shakunโs semi-conductive and cross-linkable compounds will broaden Alphagaryโs offering and create a strong platform for future growth.
Key members of Shakunโs management team will remain with the business and will continue to drive value for customers and stakeholders. In fact, Shakun Joint Managing Directorย Rakesh Bansalย expressed enthusiasm about the investment and highlighted the opportunity to offer a wider range of materials and more efficient supply chains. He also emphasized that a sharper focus on service will benefit customers.
Broader Innovation Horizons for Alphagary
Gautam Nivarthy, President of Alphagary, noted that Alphagary already serves customers from facilities in the U.S., Europe and Mexico. With Shakunโs strong market position in Asia and Africa and its entrepreneurial culture, Alphagary expects to expand its innovation scope and respond faster to regional needs.
Alphagary currently operates eight facilities in the U.S., U.K., Mexico and Colombia and supports customers through a global sales and distribution network. Additionally, Alphagary forms part ofย Orbia, which operates in more than 50 countries and serves customers in over 110 nations through five business groups, includingย Polymer Solutions.
Orbiaโs Long-Term View on Asia and Africa
Orbia CEOย Sameer Bharadwajย acknowledged current pandemic challenges in India but expressed confidence in the resilience and long-term growth of the Asia-Pacific and African markets. Consequently, he sees this investment as a way to build a stronger local presence, expand future-focused development and deepen Orbiaโs customer base.
He welcomed Shakun into the Orbia family and underscored that Shakunโs expertise will immediately strengthen Orbiaโs ability to deliver products and services that improve lives worldwide. Together, Orbia, Alphagary and Shakun will support safer, higher-performance cable networks in rapidly developing regions.
