Time Technoplast Ltd Launches High Tech Composite Cylinders

Time Technoplast Ltd has launched its high tech Composite Cylinders for LPG in the Indian market. The company is currently in the process of setting up a manufacturing unit at Talasari (Maharashtra) with a capacity of one million cylinders per annum with an initial investment of INR 550 million. This facility will be operational by April 2011. In the intervening period, Time Technoplast shall offer Composite cylinders for the Indian market out of its subsidiary – Kompozit-Praha, Czech Republic. Time Technoplast Ltd. recently completed the acquisition of 99% holding in Kompozit-Praha, Czech Republic, engaged in manufacturing of high tech Composite Cylinders. The Cylinders produced by KP are based on advanced technology and know-how which originally came from the aerospace sector. Composite Cylinders are explosion proof and can withstand three times higher pressure before leaking locally (no explosion). These cylinders are aesthetically appealing, light weight (approx 1/3rd), non-corrosive, rust proof and maintenance free. The special construction material (glass reinforced fiber) allows consumers to see the level of gas inside the cylinder. Currently a large number of high pressure metal cylinders are being used for CNG applications specially in automotive sector. Kompozit-Praha (KP) has already developed Type-4 Composite Cylinders for CNG which can withstand bursting pressure exceeding 600 bar. Being light weight (better fuel efficiency) and explosion proof, such Composite Cylinders are being preferred over metal cylinders for CNG run vehicles. KP would launch such cylinders in Europe in 2010 end and CNG Composite cylinders would also become available for Indian market in 2011.

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