An Exclusive Interview With Jasveer Singh Grewal, Chief Executive Officer, Labotek Innovative And Energy Efficient Solution Provider
What has been the key to Labotek India’s success in the plastic industry?
Our focus on innovation and energy-efficient solutions has been key. We always aim to meet the changing needs of our customers with cutting-edge technology and high-quality products.
How do Labotek India’s products help reduce energy consumption for your customers?
We design our machines using the State-of-the Art technologies that require less energy to operate. This helps our customers lower their energy bills and being environmentally friendly. Furthermore, all the energy savings by using our machines are documented
How has being part of a global company helped Labotek India grow?
Labotek was incorporated more than 80 years ago, thus being the pioneer in this field gives us access to international expertise and advanced technology. We bring global knowledge to our local market, helping us stay ahead in India and give 3 years worldwide warranty to all our clients.
Why did Labotek India choose Pune as its manufacturing base?
Pune has a strong industrial base with well-educated workforce and has good infrastructure, which makes it easier for us to produce and deliver our products efficiently. Pune is also considered to be the youth city of India with young creative minds, full of new ideas.
How has Labotek India contributed to the growth of the plastic industry in India?
We have introduced advanced auxiliary equipment and centralized systems that improve production efficiency and reduce production costs for documented production in the automotive industry.
What challenges is the plastic industry facing, and how is Labotek India addressing them?
The biggest challenge is sustainability. Plastics are the most efficient raw materials, if reused prudently. But the challenge lies with us human beings, we need to change our habits. If virgin granules are cheaper compared to regrind r-PET, that circular economy will not catch up. This is a decision which is in the hands of our country’s law makers.
Where do you see Labotek India in the next five years? What is your future?
We plan to further strengthen our market share in India and expand globally. Our focus will remain to stay close to our clients and further develop their production facilities. Apart from that we also take our social responsibilities regarding our employees, our planet, very seriously.
How does Labotek India work with its sister companies to create new technologies?
Labotek International has its daughter companies in, Denmark, Germany, Sweden, UK and India. We share our knowledge and best practices with our sister companies in other countries. This helps us stay on top of new trends and technologies, which we can then apply to our products around the globe. Because we believe, the more knowledge we share, the more we get back as new ideas.
How does Labotek India stay updated with new trends in the plastic industry?
Being a company that dates back to 1943, we have already all the equipment required for the Circular economy, Labotek had developed the crystallizer for the reuse of Plastics (regrind r-PET) back in the 1970’s, and 5 decades later it’s the new buzz word. We invest in research and development, attend global industry events, and keep close relationships with our customers to understand their requirements and future trends.
What is Labotek India doing to promote sustainability and greener practices?
We design machines that use less energy and support customers in adopting sustainable production methods. Our goal is to help the plastic industry reduce its environmental impact. Furthermore, our new factory in being designed with solar cells on the roof top, harvesting of rainwater. We are also developing new machines for the plastics industries with the edition of Greentech technology.
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